ArcelorMittal

ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.

The decline in MT's sales in Q3 is due to lower average selling prices across segments.

ArcelorMittal's Earnings Top Estimates, Revenues Lag in Q3

South Africa's metal workers' union said it will go on strike at ArcelorMittal South Africa Ltd on Thursday to protest job cuts that have impacted 107 workers.

South African labour union to strike at ArcelorMittal over job cuts

ArcelorMittal S.A. (NYSE:MT ) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET Company Participants Daniel Fairclough – Investor Relations Genuino Christino – Group Chief Financial Officer Conference Call Participants Ephrem Ravi – Citi Alain Gabriel – Morgan Stanley Tom Zhang – Barclays Patrick Mann – Bank of America Andrew Jones – UBS Dominic O'Kane – JPMorgan Boris Bourdet – Boris Bourdet Tristan Gresser – BNP Paribas Matt Greene – Goldman Sachs Max Kogge – Oddo Bastian Synagowitz – Deutsche Bank Daniel Fairclough Great.

ArcelorMittal S.A. (MT) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for ArcelorMittal (MT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ArcelorMittal (MT) Reports Q3 Earnings: What Key Metrics Have to Say

Luxembourg, November 7 , 20 24 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company” or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month and nine-month periods ended September 30, 2024.

ArcelorMittal S.A.: ArcelorMittal reports third quarter 2024 results

Beyond analysts' top -and-bottom-line estimates for ArcelorMittal (MT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.

Seeking Clues to ArcelorMittal (MT) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

ArcelorMittal (‘the Company') today announces the publication of its third quarter 2024 sell-side analyst consensus figures. The consensus figures are based on analysts' estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.

ArcelorMittal announces the publication of its third quarter 2024 sell-side analyst consensus figures

MT's XCarb recycled and renewable steel is produced in an electric arc furnace utilizing at least 75% recycled steel.

ArcelorMittal, ABB Tie Up to Cut Environmental Impact With XCarb Steel

The 10-year commercial agreement between MT and VELUX establishes a framework for steel supply.

ArcelorMittal Partners With VELUX for Low Carbon-Emission Steel

The VELUX Group has entered a 10-year agreement with ArcelorMittal concerning the supply of recycled and renewably produced steel.

VELUX Group signs long-term agreement with ArcelorMittal to supply low carbon-emission steel

Per the terms of the agreement, MT will pay $1 consideration for the transaction.

ArcelorMittal to Acquire Nippon Steel's Interest in Calvert JV

Nippon Steel Corp

United States Steel

ArcelorMittal said it would take on Nippon Steel's 50% stake in the joint venture if the Japanese steelmaker managed to acquire U.S. Steel.

Nippon Steel to Sell Stake in Calvert JV to ArcelorMittal in Push for U.S. Steel Deal

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.

Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed

11 October 2024, 08:30 CET ArcelorMittal (the “Company”, “Group”) announces it has entered into a definitive Equity Purchase Agreement (the “Agreement”) with Nippon Steel Corporation (“NSC”) pursuant to which ArcelorMittal will purchase NSC's 50% equity interest in the AM/NS Calvert Joint Venture (the “Transaction”). The Transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel.

Nippon Steel agrees to sell its interest in Calvert to ArcelorMittal, at the request of NSC pursuant to its agreed acquisition of US Steel

Albany International

AAR CORP.

MT, AIN and AIR have been added to the Zacks Rank #5 (Strong Sell) List on October 9, 2024.

New Strong Sell Stocks for October 9th

9 October 2024, 08:00 CET ArcelorMittal (the 'Company' or the 'Group') has today published the recommendations of the comprehensive dss+ workplace safety audit that was commissioned at the end of 2023, against the backdrop of a clear necessity to strengthen Group safety performance. The audit, which was ongoing for nine months across all geographies, functions and levels of the organization, had three main scopes: 1.

ArcelorMittal announces recommendations from dss+ workplace safety audit

The two-year construction phase of the ladle furnace of MT was completed in the first quarter of 2024.

ArcelorMittal Offers Ladle Furnace for Steel Industry's Transition

30th September 2024, 15:45 CET On the occasion of the 20 th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for European Union support for emergency trade measures, and a firm action plan for steel, to keep steelmaking alive in Europe It is 20 years since Mittal Steel acquired Polskie Huty Stali in 2004, when the business was put up for privatisation by the Polish government. Since then, the business has been transformed and modernised through significant investment.

On the 20th anniversary of ArcelorMittal Poland, ArcelorMittal Europe CEO Geert Van Poelvoorde calls for a firm action plan for steel

Freeport-McMoRan

MP Materials

Southern Copper

As of Sept. 27, 2024, four stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 4 Materials Stocks That May Implode In Q3

MT invests $5 million in Utility Global to advance hydrogen technology and carbon capture for steel decarbonization.

ArcelorMittal's XCarb Fund Invests $5 Million in Utility Global

HOUSTON--(BUSINESS WIRE)--Utility Global, the off-gas-to-value company pioneering its proprietary eXERO™ gas production technology optimized for hard-to-abate industries, today announced that it has raised $53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. (NYSE: MT), via its XCarb® Innovation Fund, alongside current investors Ara Partners and Aramco Ventures. This investment is part of Utility Global's current.

Utility Global Raises $53 Million of Ongoing Series C Financing

ArcelorMittal's XCarb® Innovation fund invests in Utility Global to progress its gas processing technology

Event highlights India's position as world's fastest growing steel market and AM/NS India's vision to become the benchmark for quality, scale and sustainability in Indian steelmaking

ArcelorMittal holds investor day in India

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's India JV seeks duty-free LNG imports, letter shows

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.

News for ArcelorMittal Stock (MT)