MT - ArcelorMittal

NYSE - NYSE Delayed Price. Currency in USD
28.63
+0.46 (+1.63%)
At close: 4:02PM EDT

28.63 0.00 (0.00%)
After hours: 4:17PM EDT

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Previous Close28.17
Open28.69
Bid28.64 x 1800
Ask29.20 x 900
Day's Range28.45 - 28.70
52 Week Range27.17 - 37.50
Volume2,787,059
Avg. Volume2,527,052
Market Cap28.957B
Beta (3Y Monthly)2.94
PE Ratio (TTM)5.53
EPS (TTM)5.18
Earnings DateFeb 21, 2017 - Feb 27, 2017
Forward Dividend & Yield0.10 (0.35%)
Ex-Dividend Date2018-05-17
1y Target Est43.26
Trade prices are not sourced from all markets
  • Will CLF’s Momentum on Wall Street Stay Positive after Q3 2018?
    Market Realist13 hours ago

    Will CLF’s Momentum on Wall Street Stay Positive after Q3 2018?

    Cleveland-Cliffs (CLF) stock has received six upgrades (including initiations) and just one downgrade in 2018 so far.

  • Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018
    Market Realist16 hours ago

    Why Cleveland-Cliffs’s US Volumes Could Grow in Q3 2018

    Cleveland-Cliffs (CLF) reported volumes of ~6 million long tons for its US (DIA) iron ore (or USIO) division for Q2 2018. The volumes during the quarter reflect a YoY (year-over-year) increase of 38%. The primary reasons for the increase in volumes were increased customer demand and change in the method of sales recognition.

  • The Wall Street Journalyesterday

    [$$] Steelworkers, U.S. Steel Reach Tentative Contract Agreement

    Corp. struck a tentative agreement for a new labor contract covering at least 14,000 workers, breaking a three-year wage freeze. On a company website dedicated to the negotiations, U.S. Steel touted increases in base wages over a six-year term.

  • Cleveland-Cliffs’s Q3 2018 Results: What’s in the Cards?
    Market Realistyesterday

    Cleveland-Cliffs’s Q3 2018 Results: What’s in the Cards?

    Cleveland-Cliffs (CLF) is slated to release its third-quarter results before the market opens on October 19. It will have a conference call with analysts and investors on the same day at 10:00 AM EDT. CLF’s second-quarter results were a solid beat on expectations.

  • Simply Wall St.2 days ago

    Why ArcelorMittal (AMS:MT) Is An Attractive Investment To Consider

    I’ve been keeping an eye on ArcelorMittal (AMS:MT) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe MT has Read More...

  • ArcelorMittal sells assets to Liberty House to facilitate Ilva deal
    Reuters5 days ago

    ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

    GDYNIA/LONDON (Reuters) - ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva. The announcement by ArcelorMittal on Friday did not disclose the value of the disposals, though investment bank Jefferies said they are unlikely to achieve a book value it estimates at $1 billion. The sales satisfy part of an agreement with the European Commission, which approved the acquisition of Ilva - Italy's largest steel plant by capacity - after ArcelorMittal pledged to sell a string of businesses across Europe to address competition concerns.

  • Are Investors Undervaluing ArcelorMittal (MT) Right Now?
    Zacks5 days ago

    Are Investors Undervaluing ArcelorMittal (MT) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • GlobeNewswire5 days ago

    ArcelorMittal reaches agreement with Liberty House for the sale of its steelmaking facilities in Czech Republic, Romania, Macedonia and Italy

    12 October 2018 – ArcelorMittal (‘the Company’) today announces that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal Piombino (Italy). The four assets are part of a divestment package the Company agreed with the European Commission (‘EU’) during its merger control investigation into the Company’s acquisition of Ilva S.p.A (‘Ilva’).

  • Analysts Have Been Downgrading U.S. Steel Recently
    Market Realist6 days ago

    Analysts Have Been Downgrading U.S. Steel Recently

    U.S. Steel Corporation (X) is scheduled to release its third-quarter earnings results on November 1. The stock has received “buy” or higher ratings from eight analysts, while six analysts have given it “hold” ratings. The remaining two analysts polled by Thomson Reuters on October 9 have given it “sell” or equivalent ratings.

  • Could AK Steel Impress Wall Street with Its Q3 2018 Earnings?
    Market Realist6 days ago

    Could AK Steel Impress Wall Street with Its Q3 2018 Earnings?

    AK Steel (AKS) is scheduled to release its third-quarter earnings results on October 25. Five analysts have rated AK Steel as a “hold,” while the remaining two analysts polled by Thomson Reuters on October 9 have given it “sell” or equivalent ratings. AK Steel’s mean consensus price target of $5.25 represents a 9.4% upside over its October 9 closing price.

  • How Wall Street Views Nucor This Earnings Season
    Market Realist6 days ago

    How Wall Street Views Nucor This Earnings Season

    Nucor (NUE), the largest US-based steel producer, is scheduled to release its third-quarter earnings results on October 18. In this article, we’ll see how analysts are rating the stock ahead of its earnings release.

  • US Workers Like Their Chances amid Tariffs and Strong Job Market
    Market Realist8 days ago

    US Workers Like Their Chances amid Tariffs and Strong Job Market

    Reviving American manufacturing was one of President Trump’s major campaign planks. We’ve seen plant restarts in the aluminum and steel industry after the Section 232 tariffs were implemented. US unemployment levels are also hovering around multiyear lows. A tightening job market coupled with President Trump’s push for domestic manufacturing could benefit US workers.

  • US Steel Demand Outlook: Could Automotive Play Spoilsport?
    Market Realist11 days ago

    US Steel Demand Outlook: Could Automotive Play Spoilsport?

    As we noted previously in this series, the markets are concerned that US steel prices have peaked. Steel prices, like other commodities, eventually depend on supply-and-demand dynamics. The construction, automotive, and energy industries are the leading steel consumers.

  • CLF Stock Has Reduced Its Valuation Gap
    Market Realist12 days ago

    CLF Stock Has Reduced Its Valuation Gap

    In the final article in 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 multiples of 3.4x and 4.1x, respectively. Cleveland-Cliffs, on the other hand, is trading at the highest multiple of 7.4x.

  • India’s Bankruptcy Auction That Wasn’t, Perhaps
    Bloomberg13 days ago

    India’s Bankruptcy Auction That Wasn’t, Perhaps

    The two top bidders may stay in the race for Essar Steel India Ltd.’s 10 million-tons-a-year plant, the country’s top court ruled on Thursday, provided they first make banks whole. For ArcelorMittal, the payment required is for two unconnected defaults. The world’s biggest steel producer and Lakshmi Mittal, its billionaire controlling shareholder, sold their interest in Uttam Galva Steels Ltd. and KSS Petron Pvt.

  • Bloomberg13 days ago

    India Court Asks Bidder to Pay Essar's Dues to Stay in Race

    The world’s largest steelmaker ArcelorMittal and a VTB Capital-led consortium have been vying for Essar Steel India Ltd., which came on the block after India’s central bank ordered lenders to push it into bankruptcy proceedings last year. The company wasn’t part of the second round, but the Supreme Court held on Thursday that the Numetal consortium remained a related party to Essar Steel.

  • US Steel Production Outlook Looks Strong in Q4 2018
    Market Realist14 days ago

    US Steel Production Outlook Looks Strong in Q4 2018

    US steel production is the key factor that drives US steelmakers’ (SLX)(XME) revenues. Investors track production data to get a sense of the direction of overall volumes. AK Steel (AKS) and ArcelorMittal (MT) are among Cleveland-Cliffs’ (CLF) key customers.

  • U.S. Steel Loses Another Bull
    Market Realist14 days ago

    U.S. Steel Loses Another Bull

    Deutsche Bank has downgraded U.S. Steel (X) from a “buy” to a “hold.” The brokerage also lowered its price target from $47 to $35. According to Deutsche Bank, US steel prices have peaked. Analysts have been turning bearish on U.S. Steel for quite some time now.

  • Chinese Steel Demand Moderates Further amid Trade War
    Market Realist15 days ago

    Chinese Steel Demand Moderates Further amid Trade War

    In the previous article, we looked at China’s August steel production data. In this article, we’ll look at some indicators of Chinese steel demand (X) (AKS). China’s fixed asset investment, which has been a key pillar of the country’s metal demand, continued to taper in August. The country’s fixed asset investment growth rate fell to 5.3% year-over-year (or YoY) in the first eight months of 2018, which is a fresh record low. China’s fixed asset investment growth rates have fallen as the country steers its economy from an investment-driven economy to a consumption-driven economy. ...

  • Global Steel Production Takes a Breather on China Cuts
    Market Realist15 days ago

    Global Steel Production Takes a Breather on China Cuts

    Steel production data is a key indicator for investors, as it offers insights into steel supply (AKS). In the first eight months of 2018, global steel production has risen 4.8% as compared to the corresponding period in 2017. After registering strong gains in the first half of the year, global steel production took a breather in August largely due to lower steel production in China (FXI).

  • Cleveland-Cliffs (CLF) Lands New Labor Agreement With USW
    Zacks16 days ago

    Cleveland-Cliffs (CLF) Lands New Labor Agreement With USW

    Cleveland-Cliffs' (CLF) latest contract agreement with the United Steelworkers (USW) will provide it a competitive cost structure.

  • Cabot Corporation (CBT) Unveils High Purity Charcoal Powder
    Zacks18 days ago

    Cabot Corporation (CBT) Unveils High Purity Charcoal Powder

    Cabot Corporation's (CBT) new Norit SX Super S charcoal powder is produced by high purity sustainable feedstocks, activation methods and washing steps.

  • Celanese Set to Raise Prices of Acetyl Intermediate Products
    Zacks18 days ago

    Celanese Set to Raise Prices of Acetyl Intermediate Products

    Celanese (CE) is taking appropriate pricing actions amid a volatile pricing environment for raw materials.

  • A Deeper Dive into August Steel Imports Data
    Market Realist18 days ago

    A Deeper Dive into August Steel Imports Data

    In this article, we’ll do a detailed analysis of August steel imports data. Last month, imports of blooms, billets, and slabs, which are semi-finished steel products requiring more processing, rose 19.1% sequentially. Imports also rose on a yearly basis.

  • PPG Industries to Raise Packaging Coatings Product Price
    Zacks19 days ago

    PPG Industries to Raise Packaging Coatings Product Price

    PPG Industries (PPG) plans a global price rise owing to cost pressure related to raw materials, labor, freight and distribution in every region.