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 ...

CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming above-ground carbon into sustainable fuels, chemicals, materials, and protein, and ArcelorMittal S.A. (NYSE: MT) (“ArcelorMittal”), the world’s leading integrated steel and mining company, today announced that ethanol from ArcelorMittal's commercial flagship Steelanol facility in Ghent, Belgium, has achieved a production milestone whereby ethanol volumes have ramped to a ...

 ArcelorMittal today announces its financial calendar for 2025. Earnings results announcements: 6 February 2025: Q4 and full year 20242 May 2025: Q1 202531 July 2025: Q2 and half year 20256 November 2025: Q3 2025 Annual General Meeting of Shareholders: 6 May 2025 ENDS About ArcelorMittal ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the lar ...

ArcelorMittal S.A. (MT) recently provided an update on earlier announced plans to invest in lower carbon emissions “hydrogen ready” DRI-EAF plants to replace several blast furnaces across its European operations to reduce carbon emissions. The host countries provided financing support for these projects, which were approved by the European Commission.The projects were based on a favorable combination of policy, technology and market developments that would encourage decarbonization investment by offsetting ...

26 November 2024, 08:30 CET ArcelorMittal is today providing an update on its decarbonization plans in Europe. The Company has previously announced the intention to invest in lower carbon emissions “hydrogen ready” DRI-EAF facilities to replace several blast furnaces across our European business, as a key strategic first step towards reducing emissions. In all cases, the host countries offered funding support for these projects, with the approval of the European Commission. These projects were premised on a ...

ArcelorMittal (NYSE: MT ) is a global steel producer with operations spanning 15 countries and four continents, involved in the entire steel value chain. North America is the largest contributor to EBITDA, accounting for 44%, and the company is increasingAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MT over ...

ArcelorMittal (MT) posted adjusted earnings of $488 million or 63 cents per share for the third quarter of 2024 compared with $929 million or $1.11 per share in the year-ago quarter. The figure topped the Zacks Consensus Estimate of 58 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Total sales decreased 8.5% year over year to $15,196 million in the quarter. The figure missed the Zacks Consensus Estimate of $15,760.4 million. The decline was due to lower average selling prices ...

Proprietary deal commentary available to members only. Sign up or login for access.Tues TGLSX TGLS Tecnoglass Block Trade Managers: Morgan StanleyPriced at: $73.801.432M SharesSpecial CommentsExclusive Analysis LockedProprietary deal commentary available to members only. Sign up or login for access. Create FREE AccountProprietary deal commentary available to members only. Sign up or login for access.Managers:$73.801.432M SharesYOUX YOU Clear Secure Block Trade Managers: Morgan StanleyPriced at: $26.504. ...

CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, today reported its financial and operating results for third-quarter 2024, updated its outlook for 2024, and discussed the expansion of its business model beyond licensing its biorefining technology to include more ethanol product sales and increased involvement in the ownership of th ...