ArcelorMittal

MT

LU1598757687

Iron & Steel

Market Closed - Euronext Amsterdam Other stock markets 11:35:13 2024-04-25 am EDT			5-day change	1st Jan Change
23.54 ^EUR	-0.42%		-1.09%	-8.32%

Apr. 25	BHP is pursuing a slice and dice strategy for Anglo American
Apr. 25	BHP eyeing a takeover of ailing Anglo American

China Reform Fund of Shenzhen Qianhai Eagle Fund Management Co Ltd completed the acquisition of an additional 10.08% stake in Hunan Valin Steel Co. Ltd. from ArcelorMittal (ENXTAM:MT).

September 13, 2016

China Reform Fund of Shenzhen Qianhai Eagle Fund Management Co Ltd signed an agreement to acquire an additional 10.08% stake in Hunan Valin Steel Co. Ltd. (SZSE:000932) from ArcelorMittal (ENXTAM:MT) for approximately $170 million on August 1, 2016. The deal is subject to regulatory approval.

China Reform Fund of Shenzhen Qianhai Eagle Fund Management Co Ltd completed the acquisition of an additional 10.08% stake in Hunan Valin Steel Co. Ltd. (SZSE:000932) from ArcelorMittal (ENXTAM:MT) on September 14, 2016.

Latest news about ArcelorMittal

BHP is pursuing a slice and dice strategy for Anglo American	Apr. 25
BHP eyeing a takeover of ailing Anglo American	Apr. 25
ARCELORMITTAL : UBS gives a Buy rating	Apr. 23	ZD
ArcelorMittal: secures $280 million in tax credits in Calvert	Apr. 23	CF
ArcelorMittal's Electrical Steel Project Lands $281 Million Aid From US Government	Apr. 22	MT
G-Tekt Enters into Licensing Agreement with ArcelorMittal	Apr. 22	MT
ARCELORMITTAL : Barclays reiterates its Neutral rating	Apr. 19	ZD
G-Tekt Corporation Enters into Licensing Agreement with ArcelorMittal, S.A	Apr. 18	CI
ArcelorMittal Shares Decline Following Downgrade From Deutsche Bank	Apr. 16	MT
Top Midday Decliners	Apr. 16	MT
US Stocks Lacking Direction Prior to Powell Remarks, Investors Looking for Signs of Future Rate Cuts by Federal Reserve	Apr. 16	MT
European Equities Close Sharply Lower in Tuesday Trading; IMF Cuts Growth Forecast for Euro Area, EU	Apr. 16	MT
Deutsche Bank Downgrades ArcelorMittal to Hold From Buy, Price Target at $31	Apr. 16	MT
ARCELORMITTAL : Deutsche Bank downgrades to 'hold	Apr. 16	CF
ARCELORMITTAL : Reduced to Neutral by Deutsche Bank	Apr. 16	ZD
ArcelorMittal: share price falls on downgrade	Apr. 16	CF
U.S. Futures, European Stocks Drop	Apr. 16	DJ
Goodbye to early rate cuts and rising crude oil prices punish the IBEX	Apr. 16	RE
ARCELORMITTAL : Receives a Buy rating from JP Morgan	Apr. 16	ZD
European Equities Close Higher in Monday Trading; ECB Survey Finds Tightening Financial Conditions in Q1	Apr. 08	MT
ARCELORMITTAL : Buy rating from Jefferies	Apr. 08	ZD
ARCELORMITTAL : Jefferies reaffirms its Buy rating	Apr. 04	ZD
ArcelorMittal S.A. Announces Stepped Down of Karyn Ovelmen as Chair of the Board?S Audit & Risk Committee, Effective 30 April 2024	Mar. 29	CI
ARCELORMITTAL : JP Morgan keeps its Buy rating	Mar. 27	ZD
ArcelorMittal Details Changes to Reporting Segments from FY24	Mar. 27	MT

Chart ArcelorMittal

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Company Profile

ArcelorMittal is No. 1 worldwide for steelmaking. Net sales break down by activity as follows: - sale of carbon flat steel (56.6%): spools of hot and cold rolled laminated steel, coated sheets, etc.; - sale of carbon long steel (20.7%): I-beams, concrete rounds, merchant steels, machine wire, saw wire, steel pilings, mass transit rails, special profiles, and wire drawing products; - sale of tubular products (3.2%); - sale of iron ore and coal (1.8%); - other (17.7%): primarily steel processing, distribution and trading. The group's products are primarily intended for the following sectors: automotive, household appliances, packaging and construction. Net sales are distributed geographically as follows: Germany (9.6%), Poland (6.5%), France (6.8%), Spain (5.8%), Europe (23.7%), United States (13%), Americas ( 25.4%), Asia and Africa (9.2%).

Sector

Iron & Steel

Calendar

2024-04-30 - Annual General Meeting

Related indices

CAC 40 , STOXX EUROPE 600 (EUR) , IBEX 35 , AEX

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Income Statement Evolution

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Analysis / Opinion

ARCELORMITTAL : Integrating the FY23 results...with no impact on our forecasts

February 13, 2024 at 10:42 am EST

ArcelorMittal : Appearances can be deceptive

May 10, 2023 at 05:58 am EDT

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Ratings for ArcelorMittal

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

25.22 USD

Average target price

34.22 USD

Spread / Average Target

+35.71%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

Company calendar

Sector Other Steel

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POSCO HOLDINGS INC.	-21.42%	21.84B
NIPPON STEEL CORPORATION	+5.82%	20.74B
STEEL DYNAMICS, INC.	+12.64%	20.52B
JFE HOLDINGS, INC.	+5.81%	9.78B
CLEVELAND-CLIFFS INC.	-10.72%	8.71B
UNITED STATES STEEL CORPORATION	-23.60%	8.23B
STEEL AUTHORITY OF INDIA LIMITED	+33.40%	8.16B

Other Steel

ArcelorMittal

Equities

MT

LU1598757687

Iron & Steel

China Reform Fund of Shenzhen Qianhai Eagle Fund Management Co Ltd completed the acquisition of an additional 10.08% stake in Hunan Valin Steel Co. Ltd. from ArcelorMittal (ENXTAM:MT).

EPS Revisions