ArcelorMittal S.A. (MT)
ArcelorMittal Partners With VELUX for Low Carbon-Emission Steel
The 10-year commercial agreement between MT and VELUX establishes a framework for steel supply.
ArcelorMittal to Acquire Nippon Steel's Interest in Calvert JV
Per the terms of the agreement, MT will pay $1 consideration for the transaction.
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel said on Friday it will sell its entire 50% stake in the joint venture steel plant in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker's buyout bid for United States Steel is successful.
ArcelorMittal Offers Ladle Furnace for Steel Industry's Transition
The two-year construction phase of the ladle furnace of MT was completed in the first quarter of 2024.
ArcelorMittal's XCarb Fund Invests $5 Million in Utility Global
MT invests $5 million in Utility Global to advance hydrogen technology and carbon capture for steel decarbonization.
ArcelorMittal's India JV seeks duty-free LNG imports, letter shows
ArcelorMittal's India joint venture has called on New Delhi to remove the import tax on liquefied natural gas (LNG) for steelmaking to help the company cut its production costs and meet decarbonisation goals, a letter seen by Reuters showed.
ArcelorMittal: Likely Past The Cyclical Low
ArcelorMittal's Q2 2024 EBITDA was $1.5 billion, showing resilience despite lower steel prices; management expects further EBITDA decline in Q3 due to weak demand. Steel prices have likely bottomed, with market corrections and production cuts in China positioning ArcelorMittal for recovery. Strategic capex in Brazil and India is set to drive a 25% EBITDA increase, supporting a positive long-term outlook and potential market rebound.
ArcelorMittal's Low Valuation Offers Significant Upside, Despite European Market Woes, Says Deutsche Bank
Deutsche Bank analyst Bastian Synagowitz upgraded Arcelor Mittal NY MT to Buy from Hold and raised the price target from $29 to $31.
ArcelorMittal (MT) Brazil Inks Contracts for Solar Energy Projects
The projects complement ArcelorMittal (MT) Brazil's goals of securing and decarbonizing its future electricity requirements.
ArcelorMittal: Further Upside In Steel, Investing More
Despite macroeconomic challenges, ArcelorMittal's strong fundamentals and growth prospects make it a compelling buy for investors. ArcelorMittal is currently undervalued, presenting a good opportunity for investment with potential for significant upside. Recent financial results show positive growth and strategic investments, indicating a promising future for the company.
ArcelorMittal (MT) Closes Strategic 28% Stake Buy in Vallourec
ArcelorMittal (MT) acquires a 28.4% stake in Vallourec, emphasizing its strategic alignment with growth in clean energy markets and bolstering its investment portfolio.
ArcelorMittal's (MT) Q2 Earnings and Revenues Miss Estimates
ArcelorMittal's (MT) second-quarter earnings and sales miss estimates on lower steel shipments and a fall in average selling price.
