MT stock has rallied 104.6% in the past year as higher steel output, record Liberia iron ore shipments and expansion projects support growth and capacity.
MT gains from expansion, record Liberia iron ore shipments and a value-added steel push, even as weakness in China and heavy capex weigh on it.
MT begins the second tranche of its 2025-2030 share buyback after completing the first, with plans to repurchase up to 10 million more shares.
MT's shares have gained 41.1% in the past six months, supported by higher steel and iron ore production, record shipments from Liberia and ongoing expansion initiatives.
MT teams up with AWS to bring AI and cloud tools to steelmaking and supply lower-carbon steel under a multi-year deal.
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The EU is implementing two policy changes aimed at favoring domestic steel producers; ArcelorMittal is one of the beneficiaries here, as it sources major revenues from Europe. Its 21% exposure to the US market makes it benefit from the Section 232 policy while also accruing great operational margins. Overall margins remain compressed, caused by the negative price-to-cost effect from the European market, but I expect these headwinds to alleviate as the Middle Eastern war reaches a peace deal.
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MT stock rallies 56.6% YTD as higher steel and iron ore output, record Liberia shipments and expansion projects fuel growth.
ArcelorMittal hit a 52-week high after a Q1 earnings beat, backed by steel capacity expansion and shareholder returns.
MT unlocked value from its Vallourec stake with a $667M share sale, using proceeds to fund buybacks while retaining a strategic holding.
The steelmaker said it sold around 23.9 million shares in Vallourec—equivalent to 10% of its outstanding share capital—and plans to channel the proceeds to its shareholders.