Luxembourg, February 6, 2025 - 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 twelve-month periods ended December 31, 2024. 2024 key highlights: Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.70x in FY 2024 and 0.92x in FY 2023. Business spe ...

Wall Street analysts expect ArcelorMittal (MT) to post quarterly earnings of $0.41 per share in its upcoming report, which indicates a year-over-year decline of 65.3%. Revenues are expected to be $15.55 billion, up 6.9% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is cru ...

ArcelorMittal (‘the Company') today announces the publication of its fourth quarter and full year 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. To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group o ...

Core Viewpoint - ArcelorMittal has published the fourth quarter and full year 2024 sell-side analyst consensus figures, which are based on estimates from approximately 15 brokers using an external tool managed by Visible Alpha [1][2]. Financial Estimates - The consensus estimates for 4Q'24 include an EBITDA of $1,529 million, net income of $319 million, and earnings per share of $0.41 [3]. - For FY'24, the consensus estimates are an EBITDA of $6,929 million, net income of $2,044 million, and earnings per share of $2.55 [3]. Analyst Participation - The consensus figures are based on the contributions of 13 sell-side analysts who have updated their estimates in Visible Alpha [3]. - The list of participating analysts includes firms such as Bank of America, CITI, Deutsche Bank, and Goldman Sachs [4]. Company Overview - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries [8]. - In 2023, the company generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel, and 42.0 million tonnes of iron ore [8]. Purpose and Vision - The company aims to produce innovative steels that are energy-efficient, low in carbon emissions, and cost-effective, supporting the transition to renewable energy infrastructure [9].

Industry Overview - The Zacks Steel Producers industry faces significant challenges due to a sharp decline in steel prices both in the United States and globally, influenced by soft demand in China amid an economic slowdown [1][4] - The industry serves a wide range of end-use sectors, including automotive and construction, with the latter being the largest consumer of steel, accounting for approximately 50% of global consumption [2] Current Market Conditions - U.S. steel prices have dropped over 40% since early 2024, with benchmark hot-rolled coil prices currently around $700 per short ton, down from $1,200 per short ton [3] - Factors contributing to this decline include reduced demand from key industries, an oversupply of steel, and economic uncertainties, leading to lower profitability and cash flows for steel producers [3] Demand Dynamics - Despite challenges, there is steady demand in the automotive and non-residential construction markets, with expectations for a rebound in automotive production driven by electric vehicle adoption and government initiatives [5] - The non-residential construction market remains strong, supported by infrastructure projects in the U.S. and improved demand in the energy sector due to rising oil and gas prices [5] Industry Performance - The Zacks Steel Producers industry has underperformed compared to the S&P 500 and the broader Zacks Basic Materials sector, with a loss of 24.3% over the past year [9] - The industry currently holds a Zacks Industry Rank of 174, placing it in the bottom 30% of over 250 Zacks industries, indicating a gloomy near-term outlook [7] Valuation Metrics - The industry is trading at a trailing 12-month EV/EBITDA ratio of 8.16X, significantly lower than the S&P 500's 19.08X and the sector's 11.24X [11] - Historical trading ranges for the industry show a high of 13.56X and a low of 2.82X over the past five years, with a median of 8.60X [12] Company Highlights - **Nucor Corporation (NUE)**: Focused on non-residential construction and automotive markets, with strategic investments aimed at boosting production capacity and maintaining a low-cost position. Nucor has a Zacks Rank of 3 and has beaten earnings estimates in three of the last four quarters [15][16] - **ArcelorMittal S.A. (MT)**: A leading integrated steel and mining company expanding its capacity and focusing on high-value products. The company has a Zacks Rank of 3 and an expected earnings growth of 31.8% for 2025, having beaten earnings estimates in three of the last four quarters [19][20] - **Steel Dynamics, Inc. (STLD)**: A prominent steel producer and metals recycler, currently ramping up operations at a new electric arc furnace mill in Texas. Steel Dynamics has a Zacks Rank of 3 and has consistently outperformed earnings estimates in the past four quarters [22][23]

ArcelorMittal’s (MT) division, ArcelorMittal South Africa, has decided to wind down its Longs Business after facing continuous challenges like weak economic growth, high logistics and energy costs, and an influx of low-cost steel imports from China.The Longs Business remained unsustainable even after extensive consultations with the government and stakeholders to find viable solutions due to persistent high logistics and energy costs, combined with insufficient policy interventions, especially those decisio ...

Group 1 - The article introduces Maxime Emile as a new contributing analyst for Seeking Alpha, focusing on investment ideas and financial insights [1] - Maxime Emile specializes in the industrial sector, emphasizing the historical significance of Europe as an industrial superpower [2] - The analyst values companies with a strong operational performance history and a good reputation among investors, which is prevalent in the industrial sector [2] Group 2 - The analyst expresses a desire to share investment philosophies that have proven beneficial over the years [2] - There is a disclosure indicating a beneficial long position in the shares of a specific company, MT, through various financial instruments [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that notifications of share transaction by a Designated Person (i.e. Directors or Executive Officers) are available in the Luxembourg Stock Exchange’s electronic database OAM on www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Share Transactions by Management:https://corporate.arc ...

Collaboration and Innovation - ArcelorMittal and LanzaTech Global have achieved a production milestone at the Steelanol facility in Ghent, enabling barge shipping of ethanol [1] - The Steelanol facility converts carbon-rich industrial emissions into fuel-grade ethanol using LanzaTech's carbon recycling technology, marking a first in the European steel sector [2] - The facility produces 80 million liters of advanced ethanol annually, accounting for roughly half of Belgium's current consumption [4] Sustainability and Decarbonization - ArcelorMittal is making significant progress in lowering CO2 emissions through initiatives like Steelanol and Torero, which transforms waste wood into biocoal [3] - The Steelanol facility aims to reduce carbon emissions by 125,000 tons per year, supporting the EU's 2030 Climate Target Plan to cut greenhouse gas emissions by 55% by 2030 [4] - The company is optimizing its decarbonization strategy to maintain competitiveness and profitability while addressing climate concerns [6] Financial and Strategic Outlook - ArcelorMittal anticipates 2024 capital expenditure to remain within the previous guidance of $4.5 billion to $5 billion [6] - Strategic expansion projects are expected to boost EBITDA and investable cash flow in the future [6] - The company's global asset portfolio positions it to capitalize on medium/long-term growth in steel demand [6] Market Performance and Industry Comparison - ArcelorMittal's shares have declined by 6.9% over the past year, outperforming the industry's 17.8% decline [5] - The company currently holds a Zacks Rank 3 (Hold) [7] Industry Peers and Rankings - Carpenter Technology Corporation (CRS) holds a Zacks Rank 1 (Strong Buy) and has seen its shares soar 161.6% in the past year [9] - DuPont de Nemours, Inc. (DD) has a Zacks Rank 2 (Buy) and its shares have rallied 13.4% over the past year [10] - CF Industries Inc. (CF) also holds a Zacks Rank 1 and has rallied around 18.2% in the past year [11]

Picture taken on November 27, 2012 shows the logo of ArcelorMittal at the factory in Dunkirk, ... [+] northern France. AFP PHOTO PHILIPPE HUGUEN (Photo by Philippe HUGUEN / AFP) (Photo by PHILIPPE HUGUEN/AFP via Getty Images)AFP via Getty ImagesIs ArcelorMittal pricey at six times forward earnings in the coming years? Not at all. Especially if you consider the fact that the company’s earnings could be more than double the current level in the next few years. How is that? We believe that ArcelorMittal can gr ...