Yahoo Finance ArcelorMittal (MT) & Materialise Partner for Metal 3D Printing
ArcelorMittal S.A.’s MT unit ArcelorMittal Powders — dedicated to producing high-quality steel powders — entered into a memorandum of understanding with Materialise, a global leader in 3D printing software and services. This partnership aims to develop innovative solutions to optimize laser powder bed fusion (LPBF) equipment and metal 3D printing strategies. Through this collaboration, MT will utilize Materialise’s next-generation build processor for 3D printers.
The collaboration aligns with ArcelorMittal’s vision that success in additive manufacturing depends on the right combination of digital instructions and steel powders to achieve optimal quality and productivity. Whether developing applications with new alloys or validating recent designs for existing applications through steel additive manufacturing, Materialise provides a robust channel to integrate build instructions directly into the 3D printing process.
The partnership focuses on combining Materialise’s advanced build processor with ArcelorMittal Powders’ AdamIQ range of steel powders to enhance LPBF, the most widely-used technology for producing metal parts through additive manufacturing. Build processors connect 3D printers with data preparation software, streamlining the process from design to print. Materialise’s next-generation build processor supports larger build volumes and more complex geometries than traditional processors, allowing users to customize process parameters, streamline workflows and increase printing speed. When combined with AdamIQ steel powders, which are designed for additive manufacturing, these solutions improve setup and production speed, part quality, cost-efficiency, reproducibility and repeatability.
This partnership marks a significant step forward in realizing Materialise’s shared vision with ArcelorMittal. By enhancing processes and solutions, they aim to expand the applications and industries utilizing additive manufacturing. This collaboration brings them closer to a future where 3D printing achieves its full potential, enabling mass customization and large-scale production.
Materialise boasts over three decades of 3D printing experience and a proven track record in providing build processors. At the same time, ArcelorMittal Powders brings nearly 20 years of metallurgical expertise to offer steel solutions for additive manufacturing applications.
ArcelorMittal’s shares have dropped 3.5% in the past year compared with the industry’s 10.3% rise.
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In 2024, ArcelorMittal anticipates that low inventory levels, particularly in Europe, will result in a rebound in apparent demand with any actual demand increase. The company projects global steel consumption growth (excluding China) of 3-4%, with expected increases of 1.5-3.5% in the United States, 2-4% in Europe, 0.5-2.5% in Brazil and 6.5-8.5% in India.
Optimistic about medium to long-term steel demand prospects, ArcelorMittal is confident in its growth strategy and commitment to boosting shareholders’ returns. MT plans capital expenditures of $4.5-$5 billion for this year, with $1.4-$1.5 billion dedicated to strategic growth projects.
ArcelorMittal Price and Consensus
ArcelorMittal price-consensus-chart | ArcelorMittal Quote
Zacks Rank & Key Picks
ArcelorMittal currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation CRS, sporting a Zacks Rank #1 (Strong Buy), and ATI Inc. ATI and Ecolab Inc. ECL, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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