ArcelorMittal's India joint venture has warned it may have to severely curtail steelmaking in the country and delay its expansion plans due to New Delhi's import restrictions on a key raw material, a company letter to the government showed.
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ArcelorMittal Nippon Steel India is seeking deliveries of liquefied natural gas (LNG) cargoes over a five-year period beginning 2026, two industry sources said on Thursday.
Investors looking for stocks in the Steel - Producers sector might want to consider either ArcelorMittal (MT) or United States Steel (X). But which of these two companies is the best option for those looking for undervalued stocks?
MT's $1.2 billion project aims to reduce U.S. dependency on electrical steel imports through the expansion of domestic NOES production.
MT's Q4 sales are affected by a decline in average steel selling prices.
ArcelorMittal S.A. (NYSE:MT ) Q4 2024 Earnings Conference Call February 6, 2025 9:30 AM ET Company Participants Daniel Fairclough – Investor Relations Aditya Mittal – Chief Executive Officer Genuino Christino – Chief Financial Officer Conference Call Participants Ephrem Ravi – Citigroup Patrick Mann – Bank of America Andrew Jones – UBS Tristan Gresser – BNP Paribas Alain Gabriel – Morgan Stanley Matt Greene – Goldman Sachs Dominic O'Kane – JPMorgan Phil Gibbs – KeyBanc Bastian Synagowitz – Deutsche Bank Boris Bourdet – Kepler Cheuvreux Cole Hathorn – Jefferies Timna Tanners – Wolfe Research Max Kogge – Oddo Daniel Fairclough Good afternoon, everyone.
Although the revenue and EPS for ArcelorMittal (MT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ArcelorMittal (MT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Weaker steel prices and the sluggishness in China mar prospects of the Zacks Steel Producers industry. NUE, MT and STLD are well poised to navigate the current challenging environment.
Weak domestic markets for long steel products have led MT's South Africa division to wind down its Longs business.
ArcelorMittal is poised for recovery in 2025, driven by improved steel prices, a European market rebound, and strategic M&A activities. Despite 2024 challenges, MT's strong cash position, lower debt, and operational efficiencies justify a buy rating with a target price of $27.5. The European construction and automotive sectors are key growth drivers, supported by anticipated ECB rate cuts and increased consumer purchasing power.