MT - ArcelorMittal

NYSE - NYSE Delayed Price. Currency in USD
24.36
-1.00 (-3.94%)
At close: 4:02PM EST

24.36 +0.01 (0.02%)
After hours: 4:21PM EST

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Previous Close25.36
Open25.02
Bid23.00 x 1400
Ask24.75 x 1400
Day's Range24.33 - 25.04
52 Week Range23.80 - 37.50
Volume2,858,960
Avg. Volume2,766,185
Market Cap24.519B
Beta (3Y Monthly)3.36
PE Ratio (TTM)4.99
EPS (TTM)4.88
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.10 (0.39%)
Ex-Dividend Date2018-05-17
1y Target Est41.78
Trade prices are not sourced from all markets
  • Why Are US Steel Stocks in a Tight Bear Grip?
    Market Realist3 days ago

    Why Are US Steel Stocks in a Tight Bear Grip?

    As we noted previously, steel stocks like AK Steel (AKS) and ArcelorMittal (MT) are trading with a year-to-date loss. Steel stocks have underperformed broader equity markets (DIA) in 2018 despite President Trump’s Section 232 tariffs. In this part, we’ll discuss the key reasons why bears love steel stocks.

  • Analysts Maintain the Status Quo on Steel Stocks
    Market Realist5 days ago

    Analysts Maintain the Status Quo on Steel Stocks

    Now, we’re towards the end of the third-quarter earnings season. Talking of steel stocks, all of the leading US steel producers have released their quarterly earnings. Steel Dynamics was the first major steel company to release its quarterly performance on October 17. Nucor’s (NUE) earnings were released on October 18.

  • Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?
    Market Realist6 days ago

    Can Cleveland Cliffs’ Valuations Catch Up to Its Fundamentals?

    In the final article of this series, we’ll look at Cleveland-Cliffs’ (CLF) valuation and compare it to those of its US steel peers (SLX). Among US (SPY) steel stocks (XME), U.S. Steel Corporation (X) and ArcelorMittal (MT) are trading at the lowest forward EV-to-EBITDA multiples of 3.06x and 3.65x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 5.9x.

  • ArcelorMittal (MT) Gains But Lags Market: What You Should Know
    Zacks7 days ago

    ArcelorMittal (MT) Gains But Lags Market: What You Should Know

    ArcelorMittal (MT) closed at $25.52 in the latest trading session, marking a +0.08% move from the prior day.

  • The Wall Street Journal10 days ago

    [$$] Steelworkers, ArcelorMittal Reach Labor Pact

    SA reached a tentative deal on a new labor contract covering about 15,000 workers after several months of negotiations. The four-year agreement for workers includes wage increases between 3% and 4% each year and a $4,000 ratification bonus. “The proposed four-year agreement mirrors the industry standard on wages, lump-sum payments and pensions and maintains or improves our existing health-insurance benefits for active and retired Steelworkers and their dependents,” the steelworkers union said in prepared remarks.

  • Cleveland Cliffs to Benefit as US Steel Production Is on the Rise
    Market Realist10 days ago

    Cleveland Cliffs to Benefit as US Steel Production Is on the Rise

    US steel production is the key factor driving US steelmakers’ (SLX) (XME) revenues. Investors track production data to get a sense of the direction of overall volumes.

  • Could Stimulus Help Revive Chinese Steel Demand?
    Market Realist10 days ago

    Could Stimulus Help Revive Chinese Steel Demand?

    As noted in the previous article, Chinese steel production is up handsomely this year and is running at record levels. China’s car sales have fallen for three consecutive months. China is the world’s largest automotive market.

  • ArcelorMittal's (MT) Earnings Drop, Revenues Rise Y/Y in Q3
    Zacks10 days ago

    ArcelorMittal's (MT) Earnings Drop, Revenues Rise Y/Y in Q3

    ArcelorMittal's (MT) Q3 results benefit from higher steel selling prices. The company also keeps 2018 outlook unchanged citing favorable market conditions and healthy demand.

  • While Metals Plunge, Steel Production Paints a Different Picture
    Market Realist10 days ago

    While Metals Plunge, Steel Production Paints a Different Picture

    In the previous articles, we looked at indicators pertaining to the US steel industry. Steel production is a key metric that investors should track, as it gives insight into the supply side of the equation. According to the World Steel Association, global steel production rose 4.4% YoY in September.

  • The Wall Street Journal11 days ago

    [$$] European Corporate Roundup

    A divestment by ArcelorMittal and upbeat trading statements from IAG and Paddy Power Betfair were the highlights of the European corporate slate on Friday

  • The Wall Street Journal11 days ago

    [$$] ArcelorMittal Gets Offer for Benelux Assets

    (MT.AE) said Friday that it has received a binding offer from Liberty House Group for its Dudelange operation in Luxembourg and some of its finishing lines in Belgium. The deal is the final part of a divestment package agreed to by ArcelorMittal in order to gain approval from the European Commission for its acquisition of Italy’s Ilva SpA, the company said. The Belgian assets comprise ArcelorMittal’s hot-dipped galvanizing lines 4 and 5 in Flemalle and its hot-rolled pickling, cold rolling and tin packaging lines in Tilleur.

  • GlobeNewswire11 days ago

    ArcelorMittal reaches agreement with Liberty House for the sale of finishing lines in Dudelange and Liège

    The assets are the final part of a divestment package the Company agreed with the European Commission (‘EC’) during its merger control investigation into the Company’s acquisition of Ilva S.p.A (‘Ilva’).

  • Financial Times11 days ago

    [$$] Steelmaker Gupta bids for three more steel plants from ArcelorMittal

    Liberty has agreed to buy two steel mills in Belgium and one in Luxembourg from ArcelorMittal. Over the past three years Mr Gupta has built an industrial empire spanning four continents, with $17bn in turnover and a workforce of more than 20,000.

  • US Steel Prices Stabilize after Price Hikes
    Market Realist11 days ago

    US Steel Prices Stabilize after Price Hikes

    Steel prices are the key driver of steel companies’ earnings. We saw a sharp rally in US steel prices this year after Section 232 tariffs. Steel companies like Nucor (NUE) and Steel Dynamics (STLD) are posting record earnings amid higher US steel prices. AK Steel (AKS) also posted its highest third-quarter earnings in a decade. Cleveland-Cliffs (CLF) also benefits from higher US steel prices.

  • US Steel Demand Outlook Muddied amid Fed’s Tightening
    Market Realist11 days ago

    US Steel Demand Outlook Muddied amid Fed’s Tightening

    So far in this series, we’ve looked at US steel supply indicators like domestic production and imports. Along with supply, we also need to look at steel demand indicators. In this article, we’ll look at some indicators of US steel demand (SPY).

  • Reuters12 days ago

    ArcelorMittal remains upbeat as U.S. steel tariffs drive up prices

    ArcelorMittal (MT.AS), the world's largest steelmaker, expects its financial results to improve in the coming months as global economic growth drives demand and U.S. tariffs lead to higher prices for the metal. Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion (2.11 billion pounds), roughly in-line with analyst expectations, while sales rose 5 percent to $18.5 billion. The steel market has been impacted this year by the 25 percent import tariffs put in place by U.S. President Donald Trump to try to reduce imports from China and Europe.

  • Simply Wall St.12 days ago

    Is ArcelorMittal’s (AMS:MT) CEO Paid Enough Relative To Peers?

    Lakshmi Mittal became the CEO of ArcelorMittal (AMS:MT) in 1976. This analysis aims first to contrast CEO compensation with other large companies. Next, we’ll consider growth that the business demonstrates. Read More...

  • The Wall Street Journal12 days ago

    [$$] ArcelorMittal Profit Falls on Charges, Forex

    Net profit at the Luxembourg-based steelmaker was $899 million compared with $1.21 billion a year earlier. ArcelorMittal also said it has completed the takeover of Italy’s Ilva SpA, which will be folded into the group’s European flat products unit and will now be known as ArcelorMittal Italia.

  • GlobeNewswire12 days ago

    ArcelorMittal completes transaction to acquire Ilva S.p.A. and launches ArcelorMittal Italia

    1 November 2018 – ArcelorMittal (‘the Company’) announces that AM Investco Italy Srl (‘AM Investco’)’s transaction to acquire Ilva S.p.A. (‘Ilva’) has completed today. ArcelorMittal is the principal partner in AM Investco with a 94.4 per cent equity stake in the consortium, with Banca Intesa Sanpaolo holding 5.6 per cent. AM Investco’s lease and purchase agreement is effective from today (1 November 2018). Following completion of the transaction, ArcelorMittal has now assumed full management control of Ilva, which will form a new business cluster within ArcelorMittal Europe - Flat Products and be known as ArcelorMittal Italia.

  • GlobeNewswire12 days ago

    ArcelorMittal reports third quarter 2018 and nine months 2018 results

    Luxembourg, November 1, 2018 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading.

  • Financial Times12 days ago

    [$$] Liberty House steelworks purchase faces opposition

    ’s planned purchase of a steelworks in the Czech Republic has run into opposition, after local trade unions wrote to European regulators objecting to the deal over concerns about its plans for the business.

  • Financial Times12 days ago

    [$$] ArcelorMittal: drop forged

    Benjamin Graham’s amusing analogy — of a nervy “business partner” — helped explain the unpredictable nature of bourses. ArcelorMittal’s underlying profits from steel have more than doubled since 2016. Mr Graham appreciated cheap stocks, such as ArcelorMittal.

  • US Steel Imports Slump to Multiyear Lows amid Tariffs
    Market Realist12 days ago

    US Steel Imports Slump to Multiyear Lows amid Tariffs

    Steel imports are a key indicator that investors should follow. US steel companies like U.S. Steel (X), AK Steel (AKS), and Nucor (NUE) see unfairly traded steel products as their major challenge. The steel industry got a major reprieve when President Trump imposed a 25% tariff on US steel imports in March.

  • Reuters12 days ago

    EU's Thyssenkrupp, Tata Steel inquiry raises disposal expectations

    FRANKFURT/BENGALURU (Reuters) - By opening a deeper investigation into Thyssenkrupp's planned steel joint venture with Tata Steel, the European Commission (EC) raised expectations on Wednesday they will have to sell assets to win its approval. Tata Steel shares fell by as much as 6.2 percent on Wednesday, with analysts pointing to potential delays to the deal, which would create Europe's second-largest steelmaker after ArcelorMittal. Thyssenkrupp, whose shares were 3.3 percent higher at 18.725 euros at 1129 GMT, and Tata Steel plan to combine their steel activities in Germany, the Netherlands and Britain.

  • Reuters13 days ago

    EU opens deeper probe into Thyssenkrupp, Tata steel deal

    BRUSSELS/FRANKFURT, Oct 30 (Reuters) - The European Commission has opened a deeper investigation into Thyssenkrupp's planned steel joint venture with Tata Steel over concerns that it could raise prices and harm competition. The so-called Phase II investigation was widely expected and follows a similar probe into ArcelorMittal's takeover of Italy's Ilva, which was cleared only after the group pledged to sell assets. Thyssenkrupp and Tata Steel earlier this year unveiled plans to combine their steel activities in Germany, the Netherlands and Britain to become the continent's second-largest steelmaker after ArcelorMittal.