Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: ArcelorMittal (MT) Analysis - ArcelorMittal has shown a price increase of 9.3% over the past four weeks, indicating growing investor interest [4] - The stock has gained 27.6% over the past 12 weeks, with a beta of 1.63, suggesting it moves 63% more than the market [5] - MT has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to MT earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - MT is currently trading at a Price-to-Sales ratio of 0.46, suggesting it is undervalued as investors pay only 46 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides MT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Various Zacks Premium Screens are available to assist in identifying winning stock picks based on different investing styles [9]

Core Viewpoint - ArcelorMittal S.A. (MT) shares have increased approximately 39.1% over the past three months, indicating strong momentum and positive prospects for investors to consider adding the stock to their portfolios [1] Group 1: Stock Performance - MT has outperformed its industry over the past year, with shares rising 41.9% compared to a 23.6% decline in the industry [2][8] - The company’s stock has shown a significant rally of 39.1% in the last three months, reflecting strong investor confidence [1] Group 2: Earnings Growth - The Zacks Consensus Estimate for ArcelorMittal's earnings for 2025 is projected at $4.23 per share, suggesting a year-over-year growth of 43.4% [3][8] - MT reported earnings of $1.16 per share for the first quarter of 2025, surpassing the Zacks Consensus Estimate of 71 cents [4] Group 3: Strategic Expansion - ArcelorMittal is enhancing its steel production capacity with a focus on higher-value offerings, particularly in the automotive steel sector by introducing advanced high-strength steels (AHSS) [5] - The company plans to build a fully owned non-grain-oriented electrical steel (NOES) plant in Alabama to meet the growing demand for premium electrical steel and to provide a reliable domestic supply [9] Group 4: Shareholder Value - ArcelorMittal is committed to enhancing shareholder value through share repurchase initiatives and has increased its base dividend by 10% to 55 cents per share [10] - The company plans to distribute at least 50% of its post-dividend free cash flow to shareholders via ongoing share buybacks, reinforcing its commitment to returning value [11]

Market Overview - Wall Street ended the first day of July 2025 on a mixed note, with the S&P 500 and Nasdaq falling while the Dow Jones Industrial Average gained slightly [1] - The contrasting movements in the major stock indices were influenced by opposing forces, including a feud between President Trump and Tesla CEO Elon Musk, and the U.S. Senate's passage of Trump's tax bill aimed at stimulating economic growth [2] Investment Opportunities - Amid market uncertainty, there is a potential opportunity to invest in low-leverage stocks that are not expensive and can provide a protective shield during turbulent times [3] - Suggested low-leverage stocks include Novartis (NVS), Alamo Group (ALG), ArcelorMittal (MT), Bilibili (BILI), and Sterling Infrastructure, Inc. (STRL) [3][10] Low-Leverage Stocks - Low-leverage stocks are characterized by a lower debt-to-equity ratio, indicating reduced financial risk and improved solvency [7][8] - Investing in low-leverage stocks is recommended to avoid significant losses during economic downturns [6][7] Company Highlights - **Novartis (NVS)**: Recently completed the acquisition of Regulus Therapeutics, enhancing its drug portfolio. The Zacks Consensus Estimate for NVS's 2025 sales suggests a 7.3% improvement from 2024, with a long-term earnings growth rate of 7.9% [15][16] - **Alamo Group (ALG)**: Completed the acquisition of Ring-O-Matic, expanding its product offerings. The Zacks Consensus Estimate for ALG's 2025 earnings indicates a 7.2% year-over-year improvement [17][18] - **ArcelorMittal (MT)**: Signed an agreement to sell operations in Bosnia and Herzegovina, allowing a focus on higher-growth areas. The company has a long-term earnings growth rate of 49.8% [19] - **Bilibili (BILI)**: Reported a 24% year-over-year revenue increase and a 58% improvement in gross profit for Q1 2025. The Zacks Consensus Estimate for its 2025 sales indicates a 12.1% improvement from 2024 [20][21] - **Sterling Infrastructure (STRL)**: Announced the acquisition of CEC Facilities Group, enhancing its service portfolio in high-growth markets. The company has a long-term earnings growth rate of 15% [22][23]

30 June 2025, 16:00 CET ArcelorMittal (’the Company’) has today filed its 2024 Payments to governments in respect of extractive activities report, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2024 to governments regarding its mining operations. The report, which complies with reporting requirements under Luxembourg law, is available for download from https://corporate.arcelormittal.com/corporate-library. ENDS About ArcelorMittal ArcelorMittal is one of the w ...

Core Viewpoint - ArcelorMittal has signed a sale and purchase agreement to divest its operations in Bosnia and Herzegovina, specifically the ArcelorMittal Zenica steel plant and the ArcelorMittal Prijedor iron ore mining business, to Pavgord Group, following a strategic review that deemed the sale as the best solution for business development [1][2]. Transaction Details - The transaction involves the sale of ArcelorMittal's shares in both ArcelorMittal Zenica and ArcelorMittal Prijedor, with all employees' jobs being transferred to the new owner. The company anticipates a non-cash loss on disposal of approximately $0.2 billion, which includes foreign exchange losses recorded in equity since acquisition [3]. - The deal is expected to close in the third quarter of 2025, pending merger control clearance and fulfillment of all conditions precedent. Until the closure, all operations will continue as usual with support from local management and company leadership [4]. Company Acknowledgment - ArcelorMittal expressed gratitude towards the government of Bosnia and Herzegovina and acknowledged the contributions of its employees at ArcelorMittal Zenica and ArcelorMittal Prijedor over the past 21 years, wishing them and Pavgord Group success in the future [5]. Company Overview - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries. In 2024, the company generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. The company focuses on producing innovative steels that are energy-efficient, low in carbon emissions, and reusable, supporting the transition to renewable energy infrastructure [6].

Group 1 - ArcelorMittal has shown a significant recovery with Q1 2025 EBITDA of $1.58 billion, driven by increased iron ore production and stable steel shipments, leading to a 35% stock price increase year-to-date [2] - Global steel demand (excluding China) is expected to grow by 2.5–3.5% in 2025, positioning ArcelorMittal to benefit from expanding markets like India and infrastructure-heavy regions such as the U.S. [2] - The company is investing in capacity expansion, facility modernization, and increasing high-grade iron ore exports to enhance its competitive edge [2] Group 2 - Steel prices are cyclical, and rising global trade tensions, particularly between the U.S. and China, could impact market sentiment [3] - The transition to green steel in Europe will require significant investments, potentially putting pressure on margins in the short term [3] Group 3 - ArcelorMittal stock reflects much of the short-term optimism in its current price, with a forward P/S ratio of around 0.4x, indicating it may appear inexpensive [4] - Despite the current valuation, rising expectations and macroeconomic risks, including tariffs and steel price fluctuations, suggest that further upside may be gradual unless new growth catalysts emerge [4] - The company appears fairly valued at present, with gains already factored in unless supportive conditions improve [4]

Core Viewpoint - ArcelorMittal has completed the acquisition of Nippon Steel Corporation's 50% equity stake in AM/NS Calvert, gaining full ownership of the facility, which is a significant step in enhancing its presence in the U.S. steel market [1][5][11] Acquisition Details - The acquisition was finalized in accordance with the Equity Purchase Agreement signed on October 11, 2024, with ArcelorMittal already holding the remaining 50% stake [1] - The facility, now named ArcelorMittal Calvert, was originally acquired in 2014 for $1.55 billion and has undergone over $2 billion in capital expenditures since then to improve efficiency and product offerings [2][11] Facility Capabilities - ArcelorMittal Calvert has an annual flat rolled steel capacity of 5.3 million metric tonnes and is recognized as one of the most advanced steel finishing facilities in North America [2] - The facility includes a new state-of-the-art steelmaking facility capable of producing 1.5 million metric tonnes of low CO2 steel annually, which will support automotive customers [2][3] Strategic Investments - A new seven-year domestic slab supply agreement with NSC has commenced, averaging 750,000 metric tonnes per year, ensuring a significant portion of slab requirements are met domestically [2] - The company plans to invest $1.2 billion to construct a non-grain-oriented electrical steel manufacturing facility at the Calvert site, expected to produce up to 150,000 metric tonnes annually [4][11] Financial Implications - In FY 2024, AM/NS Calvert generated EBITDA of $614 million, with approximately 60% reflected in ArcelorMittal Group EBITDA [11] - Following the acquisition, ArcelorMittal's net debt is expected to increase by approximately $1.3 billion, with an exceptional gain of about $1.5 billion anticipated in its 2Q 2025 results [11] Future Outlook - The company aims to establish a manufacturing center of excellence at Calvert, focusing on safety and expanding its product portfolio to meet growing automotive mobility demands [10][11] - The facility is positioned to play a pivotal role in supporting the U.S. steel industry's revitalization and addressing critical market needs [11]

Group 1 - United States Steel (X) shares increased by 5.1% to close at $54.85, with a notable volume of shares traded, reflecting a 29.3% gain over the past four weeks [1][2] - The rally in U.S. Steel's shares followed President Trump's approval of its partnership with Nippon Steel, which included a National Security Agreement (NSA) involving approximately $11 billion in new investments by 2028 [2] - U.S. Steel is projected to report quarterly earnings of $0.41 per share, indicating a year-over-year decline of 51.2%, with expected revenues of $4.07 billion, down 1.1% from the previous year [3] Group 2 - The consensus EPS estimate for U.S. Steel has been revised 1.1% higher in the last 30 days, suggesting a potential for price appreciation [4] - U.S. Steel holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the Zacks Steel - Producers industry [5] - ArcelorMittal, another company in the same industry, closed 2.9% higher at $30.99, with a consensus EPS estimate of $1.11, reflecting a year-over-year increase of 76.2% [5][6]

Global Steel Production - In 2024, global crude steel production is projected to reach 1.885 billion tons, remaining stable compared to previous years, with China producing 1.005 billion tons, accounting for 53.3% of the total [1][2] - India ranks second with a production of 149 million tons, showing a year-on-year growth of 6%, while traditional steel-producing countries like Japan, the US, and Russia are experiencing declines [1][2] - The production process is dominated by the blast furnace-converter method, accounting for 70.4%, while electric arc furnace processes represent 29.1% [1][2] Steel Consumption - The global apparent steel consumption in 2024 is estimated at 1.742 billion tons, with a per capita consumption of 214.7 kg [2][3] - China leads in per capita consumption at 601.1 kg, while India lags at 102.6 kg, highlighting significant disparities between developing and developed nations [2][3] - Asia accounts for 72.4% of global consumption, with China and India contributing the majority of the growth, while Europe and North America see declining shares [2][3] Raw Materials and Trade - Iron ore remains a critical raw material, with Australia and Brazil together accounting for 72% of global exports; China is the largest importer, with imports reaching 1.18 billion tons in 2024 [3][4] - The reliance on iron ore has prompted the industry to seek alternatives, with direct reduced iron production increasing from 106 million tons in 2020 to 144 million tons in 2024 [3][4] - Global trade in scrap steel is on the rise, with a total of 95.8 million tons traded in 2024, primarily involving the EU, the US, and China [3][4] Sustainability - The steel industry's carbon emission intensity has decreased, with 2023 figures showing 1.92 tons of CO2 emitted per ton of crude steel produced [4][5] - Energy consumption intensity is reported at 21.27 GJ/ton, with material efficiency reaching 98.15%, indicating ongoing efforts in energy conservation and emissions reduction [4][5] - The industry is investing in new technologies, including electric arc furnaces and hydrogen metallurgy, to meet sustainability goals [4][5] Trade Dynamics - In 2024, global steel trade volume is expected to reach 449 million tons, with China exporting 117 million tons, primarily to emerging markets in Southeast Asia and Africa [5][6] - The EU and the US are major importers, with net imports of 15 million tons and 18.6 million tons, respectively [5][6] - Indirect trade, involving steel-containing products, significantly impacts global supply and demand dynamics, with 2019 figures showing 359 million tons traded [5][6] Future Outlook - The steel industry faces challenges and opportunities in low-carbon transformation, with technologies like hydrogen metallurgy and carbon capture set to play crucial roles [6][7] - Smart manufacturing through industrial internet and AI is expected to enhance efficiency and reduce energy consumption [6][7] - Emerging markets, particularly in Southeast Asia and Africa, are anticipated to drive future steel demand, with India's consumption projected to exceed 200 million tons by 2030 [6][7]

Core Points - ArcelorMittal inaugurated a new 20 million tonne capacity concentrator in Liberia, marking a significant milestone in its mining operations in the country [1][2] - The concentrator is part of a US$1.8 billion expansion project, increasing ArcelorMittal's total investment in Liberia to approximately US$3 billion, and aims to boost iron ore production from 5 million tonnes to 20 million tonnes annually [2][6] - The expansion includes infrastructure upgrades such as railway enhancements and a new pier at the port of Buchanan, creating over 5,000 construction jobs and expected to generate 1,000 permanent jobs [3][4] Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, with operations in 60 countries and primary steelmaking in 15 countries [10] - In 2024, ArcelorMittal generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore [10] - The company has plans for further expansion in Liberia, with ambitions to increase production capacity to 30 million tonnes annually and explore options for producing DRI quality concentrate [8]