ArcelorMittal

MT

LU1598757687

Iron & Steel

Market Closed - Euronext Amsterdam Other stock markets 16:35:39 11/09/2024 BST			5-day change	1st Jan Change
19.68 ^EUR	-0.10%		-1.70%	-23.35%

09-09	Nerves of steel needed in the current environment
09-05	ARCELORMITTAL : Jefferies reiterates its Buy rating	ZD

ArcelorMittal: supported by analysts' comments

August 07, 2024 at 01:07 pm

ArcelorMittal is up over 2% on the back of positive comments from Oddo BHF, which, while reducing its target price from 32 to 30 euros, reiterates its 'outperform' opinion on the steelmaker's stock, which 'remains its favorite stock in the sector along with SSAB'.

'Even in the absence of a strong recovery, ArcelorMittal should benefit from good growth prospects from 2025 onwards. In addition, the low valuation and prospects for share buybacks limit the risk of further downside", the analyst believes.

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Latest news about ArcelorMittal

Nerves of steel needed in the current environment	09-09
ARCELORMITTAL : Jefferies reiterates its Buy rating	09-05	ZD
Deutsche Bank Upgrades ArcelorMittal to Buy, Lifts PT	08-28	MT
Deutsche Bank Upgrades ArcelorMittal to Buy From Hold, Adjusts Price Target to $28 From $27	08-28	MT
ARCELORMITTAL : Deutsche Bank raises its recommendation to 'buy	08-28	CF
ArcelorMittal: Deutsche Bank upgrades to buy, stock rises	08-28	CF
ARCELORMITTAL : Raised to Buy by Deutsche Bank	08-28	ZD
ArcelorMittal signs two solar energy contracts in Brazil	08-22	CF
ArcelorMittal to Build 465-MW Solar Farms in Brazil	08-22	MT
ArcelorMittal, investment fund-backed Atlas team up to build solar plant in Brazil	08-21	RE
Steel and commodity stocks in demand - iron ore price rises	08-21	DP
EU Approves Funds for German Semiconductor Plant	08-20	DJ
ArcelorMittal: Barclays sees an attractive entry point	08-19	CF
Barclays Upgrades ArcelorMittal to Overweight	08-19	MT
Barclays Upgrades ArcelorMittal to Overweight From Equalweight, Price Target is $25	08-19	MT
ArcelorMittal: helped by broker's comments	08-09	CF
ARCELORMITTAL : UBS reiterates its Buy rating	08-09	ZD
ARCELORMITTAL : UBS remains positive, reduces its target	08-09	CF
ArcelorMittal: supported by analysts' comments	08-07	CF
ARCELORMITTAL : Oddo BHF remains positive, adjusts its target	08-07	CF
Materials Up on Cyclical Rebound -- Materials Roundup	08-06	DJ
European Equities Close Mixed in Tuesday Trading; Euro Area, EU Retail Sales Drop in June	08-06	MT
CAC40: limited losses at the end of the session, W-Street in green	08-06	CF
ArcelorMittal Completes Acquisition of 28% Stake in Vallourec	08-06	MT
ArcelorMittal: acquisition of Apollo's stake in Vallourec	08-06	CF

Chart ArcelorMittal

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Company Profile

ArcelorMittal is No. 1 worldwide for steelmaking. Net sales break down by activity as follows: - sale of carbon flat steel (56.6%): spools of hot and cold rolled laminated steel, coated sheets, etc.; - sale of carbon long steel (20.7%): I-beams, concrete rounds, merchant steels, machine wire, saw wire, steel pilings, mass transit rails, special profiles, and wire drawing products; - sale of tubular products (3.2%); - sale of iron ore and coal (1.8%); - other (17.7%): primarily steel processing, distribution and trading. The group's products are primarily intended for the following sectors: automotive, household appliances, packaging and construction. Net sales are distributed geographically as follows: Germany (9.6%), Poland (6.5%), France (6.8%), Spain (5.8%), Europe (23.7%), United States (13%), Americas ( 25.4%), Asia and Africa (9.2%).

Employees

126,756

Sector

Iron & Steel

Calendar

07/11/2024 - Q3 2024 Earnings Release

Related indices

CAC 40 , STOXX Europe 600 Index (EUR) , IBEX 35 , AEX

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