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ArcelorMittal (MT)

(Delayed Data from NYSE)

$23.56 USD

+0.43 (1.86%)

Updated Jul 12, 2024 03:59 PM ET

After-Market: $23.56 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	24.15%
2	Buy	17.88%
3	Hold	9.47%
4	Sell	5.14%
5	Strong Sell	2.57%
S&P	500	11.11%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score	A
Growth Score	A
Momentum Score	A
VGM Score	A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value D Growth D Momentum C VGM

Industry Rank:

Bottom 20% (201 out of 250)

Industry: Steel - Producers

View All Zacks #1 Ranked Stocks

Better trading starts here.

Zacks News

China Q1 Steel Output Up Despite Coronavirus-Led Slowdown

by Anindya Barman Published on April 17,2020

Rising production in China amid weak domestic demand has led to high levels of finished steel inventories in the country.

basic-materials

ArcelorMittal Starts 3D Printing Ventilators & Face Shields

by Zacks Equity Research Published on April 09,2020

ArcelorMittal (MT) is presently collaborating with a number of external partners to manufacture 3D printed face-shields on a large scale.

basic-materials

China Pushes Up World Steel Output Amid Coronavirus Disruption

by Anindya Barman Published on March 24,2020

Continued build-up of China steel inventories due to rising production coupled with softer domestic demand is likely to hurt steel prices.

basic-materials

China Steel Output Rises Despite Oversupply Amid Coronavirus

by Anindya Barman Published on March 19,2020

While production continues to rise in China, disruptions due to coronavirus have led to surging finished steel inventories in the country.

basic-materials

Steel Stocks Are Bleeding: Will Coronavirus Bring More Pain?

by Anindya Barman Published on March 03,2020

Coronavirus has dealt a huge blow to the U.S. steel industry's feeble recovery.

basic-materials

China Drives World Steel Growth: Will Coronavirus Curb Output?

by Anindya Barman Published on February 28,2020

The coronavirus outbreak is likely to keep steel production in China under check in the months ahead.

basic-materials

ArcelorMittal (MT) in Focus: Stock Moves 9.6% Higher

by Zacks Equity Research Published on February 07,2020

ArcelorMittal (MT) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.

precious-metals

ArcelorMittal's (MT) Q4 Earnings and Sales Beat Estimates

by Zacks Equity Research Published on February 07,2020

Lower steel prices hurt ArcelorMittal's (MT) Q4 results. However, it expects apparent steel consumption to witness growth in the core markets in 2020.

ArcelorMittal Sells 50% Stake in Shipping Business to DryLog

by Zacks Equity Research Published on December 24,2019

ArcelorMittal's (MT) latest deal underpins the company's commitment to unlock value worth up to $2 billion from its portfolio of assets by mid-2021.

basic-materials

ArcelorMittal (MT)-Nippon Steel Wrap Up Essar Steel Buyout

by Zacks Equity Research Published on December 17,2019

Per the deal, ArcelorMittal (MT) owns 60% of the newly-formed JV and Nippon Steel owns the remaining 40%.

basic-materials

ArcelorMittal to Roll Out Sustainability Program in Europe

by Zacks Equity Research Published on November 28,2019

ArcelorMittal (MT) expects to secure the ResponsibleSteel site certification for each of its Flat Products site.

basic-materials

Global Steel Output Drops as China Loses Steam: What's Ahead?

by Anindya Barman Published on November 27,2019

Chinese steel production slipped 0.6% year over year to 81.5 Mt in October amid Beijing's anti-pollution drive.

basic-materials

What Awaits U.S. Steel Stocks After an Uninspiring Q3?

by Anindya Barman Published on November 22,2019

While demand weakness is likely to continue, it remains to be seen if the recent recovery in steel prices is short-lived or more sustainable heading into 2020.