ArcelorMittal (MT)
(Delayed Data from NYSE)
$24.05 USD
+0.27 (1.14%)
Updated Oct 16, 2024 04:00 PM ET
After-Market: $24.04 -0.01 (-0.04%) 6:12 PM ET
5-Strong Sell of 5 5
A Value C Growth C Momentum B VGM
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$24.05 USD
+0.27 (1.14%)
Updated Oct 16, 2024 04:00 PM ET
After-Market: $24.04 -0.01 (-0.04%) 6:12 PM ET
5-Strong Sell of 5 5
A Value C Growth C Momentum B VGM
Zacks News
Cleveland-Cliffs (CLF) to Purchase ArcelorMittal's US Assets
by Zacks Equity Research
Post the closure of this transaction, Cleveland-Cliffs (CLF) will become the largest flat-rolled steel producer in North America. It will also be the largest iron ore pellet producer.
Stock Market News for Sep 29, 2020
by Zacks Equity Research
Wall Street closed sharply higher on Monday following positive development regarding the approval of a fresh coronavirus-aid package.
ArcelorMittal Announces Plan to Build EAF at AM/NS Calvert
by Zacks Equity Research
Per ArcelorMittal (MT), an electric arc furnace at Calvert allows asset to be more reactive to the local market.
ArcelorMittal's (MT) Earnings and Sales Beat Estimates in Q2
by Zacks Equity Research
ArcelorMittal's (MT) operating performance in Q2 reflects the impact of the coronavirus pandemic on steel business, which affected demand and steel shipments.
World Steel May Production Slumps Despite Record China Output
by Anindya Barman
Coronavirus-induced disruptions led to a decline in crude steel production in every region in May.
US Steel Stocks Fly as Trump Mulls $1T Infrastructure Plan
by Anindya Barman
U.S. steel stocks got a new lease of life on hopes that the massive infrastructure spending would boost steel demand.
China Churns Out Record Steel in May as Demand Picks Up
by Anindya Barman
A recovery in construction and manufacturing activities from the coronavirus-led slump is driving demand for steel in China.
Steel Demand to Slump in 2020 on Coronavirus, Rebound in 2021
by Anindya Barman
The WSA predicts steel demand to drop 6.4% to 1,654 million tons in 2020 due to coronavirus-led lockdowns and disruptions.
World Steel Production Nosedives Amid Coronavirus Disruptions
by Anindya Barman
Lockdowns across the world to put a check on the spread of the coronavirus hurt global steel production in April.
Weak Demand, Prices Mar Steel Producers Industry Outlook
by Anindya Barman
The steel producers industry is buffeted by coronavirus-led slowdown in steel demand and price weakness.
Sector ETFs to Win or Lose on Oil Collapse
by Sanghamitra Saha
Severe demand shocks emanated from coronavirus-led lockdowns, ample supplies and storage crisis caused oil price rout lately. These sector ETFs could win/lose amid the environment.
ArcelorMittal Receives Commitments for $3B Credit Facility
by Zacks Equity Research
ArcelorMittal's (MT) new credit facility is expected to have a maturity of 12 months and will likely be utilized for general corporate purposes.
China Q1 Steel Output Up Despite Coronavirus-Led Slowdown
by Anindya Barman
Rising production in China amid weak domestic demand has led to high levels of finished steel inventories in the country.
ArcelorMittal Starts 3D Printing Ventilators & Face Shields
by Zacks Equity Research
ArcelorMittal (MT) is presently collaborating with a number of external partners to manufacture 3D printed face-shields on a large scale.
China Pushes Up World Steel Output Amid Coronavirus Disruption
by Anindya Barman
Continued build-up of China steel inventories due to rising production coupled with softer domestic demand is likely to hurt steel prices.
China Steel Output Rises Despite Oversupply Amid Coronavirus
by Anindya Barman
While production continues to rise in China, disruptions due to coronavirus have led to surging finished steel inventories in the country.
Steel Stocks Are Bleeding: Will Coronavirus Bring More Pain?
by Anindya Barman
Coronavirus has dealt a huge blow to the U.S. steel industry's feeble recovery.
China Drives World Steel Growth: Will Coronavirus Curb Output?
by Anindya Barman
The coronavirus outbreak is likely to keep steel production in China under check in the months ahead.
ArcelorMittal (MT) in Focus: Stock Moves 9.6% Higher
by Zacks Equity Research
ArcelorMittal (MT) saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.
ArcelorMittal's (MT) Q4 Earnings and Sales Beat Estimates
by Zacks Equity Research
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
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.
ArcelorMittal (MT)-Nippon Steel Wrap Up Essar Steel Buyout
by Zacks Equity Research
Per the deal, ArcelorMittal (MT) owns 60% of the newly-formed JV and Nippon Steel owns the remaining 40%.
ArcelorMittal to Roll Out Sustainability Program in Europe
by Zacks Equity Research
ArcelorMittal (MT) expects to secure the ResponsibleSteel site certification for each of its Flat Products site.
Global Steel Output Drops as China Loses Steam: What's Ahead?
by Anindya Barman
Chinese steel production slipped 0.6% year over year to 81.5 Mt in October amid Beijing's anti-pollution drive.
What Awaits U.S. Steel Stocks After an Uninspiring Q3?
by Anindya Barman
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.