MT - ArcelorMittal

NYSE - Nasdaq Real Time Price. Currency in USD
17.27
+0.19 (+1.14%)
As of 10:59AM EDT. Market open.
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Previous Close17.08
Open17.39
Bid17.26 x 3000
Ask17.27 x 1300
Day's Range17.21 - 17.44
52 Week Range14.66 - 32.93
Volume1,606,882
Avg. Volume3,255,621
Market Cap17.503B
Beta (3Y Monthly)2.27
PE Ratio (TTM)4.03
EPS (TTM)4.28
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.20 (1.17%)
Ex-Dividend Date2019-05-16
1y Target Est29.78
Trade prices are not sourced from all markets
  • Explainer: Can European steel forge a strategy to withstand U.S. tariffs?
    Reuters23 minutes ago

    Explainer: Can European steel forge a strategy to withstand U.S. tariffs?

    Steelmakers in Europe have been hit by falling demand and rising supply as auto-sector consumption has fallen and U.S. steel tariffs have disrupted shipments. Days later, the world's biggest steelmaker ArcelorMittal cut European production for a second time in a month.

  • Reuters34 minutes ago

    EXPLAINER-Can European steel forge a strategy to withstand U.S. tariffs?

    Steelmakers in Europe have been hit by falling demand and rising supply as auto-sector consumption has fallen and U.S. steel tariffs have disrupted shipments. Days later, the world's biggest steelmaker ArcelorMittal cut European production for a second time in a month. At the same time, steel rebar prices on the London Metal Exchange have shed more than a fifth and steel company shares in May sank to their lowest since 2016.

  • GlobeNewswire3 hours ago

    Statement regarding the Crescita law decree and its potential implications for ArcelorMittal Italia

    ArcelorMittal confirms that its Italian subsidiary (ArcelorMittal Italia “AMI”) has highlighted to the Italian government its concerns about the current text of the Crescita law decree. If ratified as currently drafted, the provision concerning the Taranto plant would impair any operator’s ability to operate the plant while implementing the environmental plan approved by the Italian Government in September 2017, including for ArcelorMittal. The Taranto plant has been under seizure since 2012 and cannot be operated without legal protection until the environmental plan is implemented.

  • ArcelorMittal boss says EU must respond further to Trump's steel tariffs
    Reuters7 days ago

    ArcelorMittal boss says EU must respond further to Trump's steel tariffs

    Europe urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its "safeguard" measures designed to limit incoming steel and prevent a surge of imports as a result of Washington's 25% import tariffs, which have effectively closed the U.S. market. "The EU has announced safeguard measures but they weren't effective," Chief Executive Lakshmi Mittal told Frankfurter Allgemeine Zeitung.

  • China’s May Trade Data: Mixed Bag for Metal and Mining Investors
    Market Realist9 days ago

    China’s May Trade Data: Mixed Bag for Metal and Mining Investors

    China’s May Trade Data: Mixed Bag for Metal and Mining InvestorsChina’s May trade dataOn June 10, China released its trade data for May. The country’s trade data is especially crucial for metal and mining investors due to the country’s

  • A Look Into Foreign Direct Investment Trends
    Investopedia11 days ago

    A Look Into Foreign Direct Investment Trends

    Foreign direct investments play an important role as an indicator of a healthy economy in terms of economic growth and long-term capital movement.

  • ArcelorMittal Continues to Reduce Steel Production in Europe
    Zacks15 days ago

    ArcelorMittal Continues to Reduce Steel Production in Europe

    ArcelorMittal (MT) witnesses higher import levels and weak market demand in Europe.

  • Europe’s Woes Are Far from Over as MT Cuts Production Again
    Market Realist21 days ago

    Europe’s Woes Are Far from Over as MT Cuts Production Again

    Europe’s Woes Are Far from Over as MT Cuts Production AgainEuropeToday, global steel leader ArcelorMittal (MT) announced that it would be temporarily cutting production in Europe, marking the company’s second production curtailment this month.

  • Steelmaker ArcelorMittal Cuts Production on Slumping Demand
    Bloomberg21 days ago

    Steelmaker ArcelorMittal Cuts Production on Slumping Demand

    ArcelorMittal fell the most in two years after announcing that it’s further cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in France, Germany and Spain, according to a statement on Wednesday. It’s the second time this month ArcelorMittal has announced output cuts.

  • Europe’s Steel Sector Is Suffering. These Charts Show Why
    Bloomberg21 days ago

    Europe’s Steel Sector Is Suffering. These Charts Show Why

    Steel, a business notoriously sensitive to changing winds of economic growth, has been battered by weaker demand, a knock-on effect of lower car sales in Germany. At the same time, costs are rising as a result of surging prices for iron ore and the market is awash with supplies of low-cost steel from Turkey and Russia. For the second time this month, ArcelorMittal announced it would cut production to help balance the market.

  • Associated Press21 days ago

    World's top steelmaker to cut output further in Europe

    LONDON (AP) — The world's largest steel maker, ArcelorMittal, on Wednesday announced further cuts to production at several plants in Europe due to weak demand and high imports, reflecting troubles in the wider industry.

  • Reuters21 days ago

    ArcelorMittal takes the knife to European steel output again

    ArcelorMittal underlined the problems facing the European steel industry when it cut production for the second time this month, blaming weak demand and high imports. The European Commission is currently reviewing its "safeguard" measures to limit incoming steel and prevent a surge of imports as a result of increased tariffs effectively closing the U.S. market. ArcelorMittal said its latest cuts amounted to annualised output of 1-1.5 million tonnes.

  • GlobeNewswire21 days ago

    ArcelorMittal prepares to further reduce primary production in Europe as market weakness continues

    Further to the announcement made on 6 May, ArcelorMittal today announces its decision to take additional steps to adjust its European production levels to further align its production to the current market demand. The company continues to be impacted by weak market demand and high import levels in Europe.

  • GlobeNewswire21 days ago

    ArcelorMittal publishes first Climate Action Report

    29 May 2019, 08:00 CET - ArcelorMittal (‘the Company’) has today published its first Climate Action report in which it announces its ambition to significantly reduce CO2 emissions globally and be carbon neutral in Europe by 2050. To achieve this goal the Company is building a strategic roadmap linked to the evolution of public policy and developments in low-emissions steelmaking technologies. A target to 2030 will be launched in 2020, replacing the Company’s current target of an 8% carbon footprint reduction by 2020, against a 2007 baseline.

  • Arcelor, Resurgent Said to Discuss Bid for Essar Power Plant
    Bloomberg22 days ago

    Arcelor, Resurgent Said to Discuss Bid for Essar Power Plant

    The companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in the central Indian state of Madhya Pradesh, said the people, asking not to be identified because the information is private. Arcelor had previously made a non-binding offer of 48 billion rupees ($690 million) for the asset, Bloomberg News reported in February. Adding Resurgent Power to the bid would help Arcelor, the world’s largest steel producer, gain control of the power plant without putting as much strain on its balance sheet.

  • Reuters26 days ago

    Steelmaker ArcelorMittal frets over future of Mexican tax benefits

    Tax incentives in Mexico designed to lure investment to poorer areas should be maintained, the head of ArcelorMittal's Mexican unit said in an interview, despite the new president's suggestion that the policy should not be renewed. ArcelorMittal's chief executive in Mexico Victor Cairo said late on Thursday that the firm's pledge to invest $1 billion over three years in its operations in the Pacific coast port of Lazaro Cardenas would be maintained for now. ArcelorMittal's project includes the construction of a hot roll mill, a blast furnace modernization and mining investment adjustments to better supply the automotive and construction industries among others, said Cairo.

  • Reuters28 days ago

    EU's Vestager to brief other EU commissioners on steel market

    Europe's antitrust chief Margrethe Vestager, who has scrutinised mergers involving steel producers, will share her insights of the steel market with her European Commission colleagues on Wednesday. The move came as world No. 1 steelmaker ArcelorMittal warned of a weak market in Europe and announced a cut in its European steel output while British Steel, Britain's second largest steel company, risks collapse with 25,000 jobs at stake. "The steel market as such is of great interest to the Commission.

  • MarketWatchlast month

    U.S., Canada reach deal to end steel, aluminum tariffs and retaliatory levies

    The U.S. and Canada on Friday said they have reached a deal where the U.S. will end tariffs imposed under Section 232 on imports of aluminum and steel products from Canada, while Canada will remove all tariffs imposed in retaliation. The two sides will take the step in two days and terminate World Trade Organization litigation. The two sides say they will take measures to prevent the importation of aluminum and steel that is unfairly subsidized and/or sold at dumped prices; and prevent the transshipment of aluminum and steel made outside of Canada or the United States to the other country.

  • MarketWatchlast month

    Steel maker stocks fall after WSJ report a deal to end tariffs on imports from Canada, Mexico was close

    Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. fell 2.7%, Nucor Corp. shed 3.6%, Steel Dynamics Inc. gave up 2.9% and ArcelorMittal slid 3.4%. Meanwhile, the S&P 500 was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock fell 1.7% and Kaiser Aluminum Corp. declined 1.5%. The WSJ reported, citing sources, that U.S. trade negotiators were trying to reach a deal on tariffs with Canada and Mexico to "push USMCA through Congress."

  • New Strong Sell Stocks for May 10th
    Zackslast month

    New Strong Sell Stocks for May 10th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.

  • ArcelorMittal's (MT) Q1 Earnings Miss, Sales Top Estimates
    Zackslast month

    ArcelorMittal's (MT) Q1 Earnings Miss, Sales Top Estimates

    Lower steel prices and higher raw material costs hurt ArcelorMittal's (MT) earnings in Q1.

  • Key Investor Takeaways from ArcelorMittal’s Q1 Earnings
    Market Realistlast month

    Key Investor Takeaways from ArcelorMittal’s Q1 Earnings

    Key Investor Takeaways from ArcelorMittal’s Q1 EarningsArcelorMittal’s Q1 earningsToday, ArcelorMittal (MT), the leading steel producer globally, released its first-quarter earnings. It posted revenues of $19.2 billion in the quarter as compared