| Close | Chg | Chg % | |
|---|---|---|---|
| $35.28 | 0.34 | 0.97% | 0.34 0.97% |
| 5 Day |
|
| 1 Month |
|
| 3 Month |
|
| YTD |
|
| 1 Year |
|
ArcelorMittal MT.AE said Friday that first-quarter net profit increased on year, due in part to continued strength in steel prices. The steelmaker's net profit was $1.19 billion compared with $1.00 billion a year earlier, while sales rose more than 16% to $19.19 billion. Analysts had predicted profit of $940 million on sales of $18.69 billion, according to a consensus compiled by FactSet.
The European Commission on Monday approved ArcelorMittal's MT.AE acquisition of Italian steel plant Ilva, subject to conditions. The commission said the decision is "conditional on the divestiture of an extensive remedy package to preserve effective competition on European steel markets to the benefit of consumers and businesses.
ArcelorMittal MT.FR said Friday that it has proposed a package of divestments to the European Commission in an effort to gain approval for its intended takeover of Italian steelmaker Ilva. The package includes ArcelorMittal Piombino, the company's only galvanized steel plant in Italy, as well as assets in Romania, Macedonia, the Czech Republic and Luxembourg.
ArcelorMittal MT.AE said Thursday that it will propose to shareholders that it changes the currency of its share capital to U.S. dollars from euros. The steelmaker said the change would simplify the company's reporting process, given that it prepares its consolidated financial information in dollars and its parent uses it as its functional currency.
ArcelorMittal (MT.AE) and Nippon Steel & Sumitomo Metal Corp. (5401.TO) jointly submitted on Monday an offer for India's Essar Steel in a re-bidding process for the insolvent steelmaker, the companies said.
--ArcelorMittal on Thursday offered concessions to the EU over antitrust concerns regarding its 1.8 billion euro ($2.2 billion) bid for Italian steel company Ilva, Reuters reports. --No details were provided but ArcelorMittal said it hoped the concessions would be enough to address the European Commission's concerns, Reuters says.
ArcelorMittal MT said Monday that it has appointed Aditya Mittal, who is currently group chief financial officer and chief executive of the company's European arm, as president. Aditya Mittal will keep his title as group CFO and will work more closely with his father, Chief Executive Lakshmi Mittal in shaping the future strategic direction of the group, the company said.
ArcelorMittal MT.AE said Friday that it has signed a joint venture agreement with Nippon Steel & Sumitomo Metal Corp. (5401.TO) to bid for Essar Steel. "Partnering with NSSMC for Essar Steel was always our intention," said ArcelorMittal Chief Executive Lakshmi Mittal. The two companies, which will jointly acquire and manage the Indian steelmaker if their bid is successful, already operate steel facilities in the U.S.
European steel manufacturers were braced for new tariffs on their exports to America, as European Union efforts to avoid a trade war with the U.S. appeared to have failed.
Top Supply Chain and Logistics News From WSJ
The Trump administration’s decision to temporarily exempt several countries from new tariffs provides relief to some of the largest customers of imported steel: companies that import semi-finished steel slabs into the U.S.
Australian steelmaker BlueScope is boosting U.S. production in a bet that demand would rise from the construction and automobile industries. The wager sets it up to be a big winner from Trump’s tariffs on steel and aluminum imports.
The commerce secretary has been on something of a victory lap after what had been a rocky first year in the Trump administration.
President Trump’s announcement of punitive steel tariffs may raise U.S. prices short term, but in Europe they could have the opposite effect.
President Donald Trump’s planned tariffs on steel and aluminum put U.S. allies around the globe in a tough spot, rattling stock prices and generating warnings of a possible international trade war.
Foreign-owned companies that produce steel in the U.S. welcomed a plan to impose steep tariffs on steel while companies that produce the commodity outside the U.S. and export to the country criticized it.
European stocks fell in light holiday trading Monday while Asian bourses continued to rebound from an early February correction.
ArcelorMittal (MT), the world’s largest steel producer, is scheduled to release its 1Q18 earnings on May 11.
Gerdau's (GGB) first-quarter 2018 profitability gains from steel production and shipments as well as rise in steel price internationally. Fall in interest expenses aids the company.
Zacks Industry Outlook Highlights: Nucor, Commercial Metals, ArcelorMittal and Steel Dynamics
U.S. Steel Corporation (X) is valued at an EV of 4.35x its 2018 consensus EBITDA and 4.13x its 2019 expected EBITDA.
There are plenty of reasons to be optimistic about the broader steel industry, both in the short and long term.
ArcelorMittal (MT) subsidiary ArcelorMittal India Private has bid to acquire Essar Steel.
On May 7, ArcelorMittal (MT) announced that it had received permission from the European Commission to acquire Ilva.
ArcelorMittal (MT) is granted merger clearance by the EC on the basis that it has committed to dispose of some assets.
So far, 2018 has been dismal for U.S. Steel Corporation (X). The stock has lost 8.4% this year based on the closing prices on May 1.
In this article, we’ll see how analysts rate ArcelorMittal stock ahead of its 1Q18 earnings release.
Earlier this year, U.S. Steel Corporation provided its sensitivity to spot steel prices, the quarterly EBITDA guidance, and annual guidance.
U.S. Steel Corporation expects to post an adjusted EBITDA of $1.7 billion–$1.8 billion this year. The company expects its 2Q18 EBITDA to be ~$400 million.
Four analysts rated U.S. Steel Corporation as a “strong buy,” six rated it as a “buy,” six rated it as a “hold,” and one rated it as a “sell.”
Analysts polled by Thomson Reuters expect ArcelorMittal to post adjusted EBITDA of $2.4 billion in 1Q18.
ArcelorMittal is scheduled to release its 1Q18 earnings on May 11. In this article, we’ll see what analysts are projecting for the company’s 1Q18 revenue.
Among its US steel and iron ore peers, Nucor (NUE) has the highest forward EV-to-EBITDA multiple of 6.8x.
ArcelorMittal (MT), the world’s largest steel producer, is scheduled to release its 1Q18 earnings on May 11.
EU regulators approve ArcelorMittal deal to buy Ilva
Is ArcelorMittal (MT) Outperforming Other Basic Materials Stocks This Year?
The US imported 3.0 million metric tons of steel products in March 2018, according to preliminary data released by the Census Bureau.
ArcelorMittal reports results for the first quarter 2018
United States : Norfolk Southern partners with Plug and Play to drive innovation in supply chain logistics
Luxembourg : ArcelorMittal announces results of its Annual General Meeting
Global Stainless Steel Market Competitive landscape: Mirach Metallurgy Co, Viraj Profiles Limited
Global Flat Steel Market Competitive landscape: JSW Steel, Thyssenkrupp AG, Voestalpine AG
Global Advanced High-Strength Steel Market Competitive landscape: SSAB AB, Tata Steel Limited, Kobe Steel Ltd
Luxembourg : ArcelorMittal receives European Commission approval for its acquisition of Ilva
Luxembourg : ArcelorMittal receives European Commission approval for its acquisition of Ilva
Coated Steel Market 2018 Global Share, Trend, Segmentation and Forecast to 2025
ArcelorMittal announces results of its Annual General Meeting
Belgium : Mergers: Commission clears ArcelorMittal's acquisition of Ilva, subject to conditions
Global Structural Steel Market Competitive landscape: Bohai Steel Group Co Ltd, POSCO, ArcelorMittal
ArcelorMittal receives European Commission approval for its acquisition of Ilva
Global high strength steel market is driven by growing demand for high strength steels in various end-use industries
Global Ammonium Sulphate Market Competitive landscape: Agrium Inc, Arkema Group
ArcelorMittal publishes 2017 annual review - 'Shaping the future of steel'
Advanced Materials and Technologies for Public Works Infrastructure Projects
ArcelorMittal announces the publication of First Quarter 2018 Ebitda sell-side analyst consensus figure
Canada : Ontario Supporting 4,700 Jobs in Hamilton's Steel Industry
Production of iron ore increases in Kazakhstan
ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA, Europe, Brazil, 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 Europe segment offers hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. The Brazil segment covers wire rod, bar and rebars, billets, blooms, and wire drawing. The ACIS segment produces a combination of flat, long, and tubular products. The Mining segment focuses on steel operations. The Others segment represents the corporate and shared services, financial activities, and shipping and logistics. The company was founded on June 25, 2006 and is headquartered in Luxembourg. (See Full Profile)
| Name | Chg % | Market Cap |
|---|---|---|
| Companhia Siderurgica Nacional ADR | $3.36B | |
| Gerdau S/A ADR | $7.91B | |
| Commercial Metals Co. | $2.6B | |
| Nucor Corp. | $19.95B | |
| United States Steel Corp. | $6.18B |
