Financial Data and Key Metrics Changes - Second quarter EBITDA increased to $135 per ton, reflecting structural improvements and benefits from asset optimization and growth strategy [5][11] - Future normalized EBITDA is expected to be $2.1 billion, with one-third to be captured in the current financial year [6] Business Line Data and Key Metrics Changes - Calvert facility achieved a new shipment record in Q2, 10% higher than Q1 and the same period last year [7] - Liberia posted record volume in Q2, with expectations to reach 10 million tonnes of shipments for the year [29] Market Data and Key Metrics Changes - The North American segment is expected to see marginally higher tariff costs, offset by the impacts of Calvert consolidation [18] - European market is transitioning to a more favorable structure with potential trade defense mechanisms and carbon border adjustments [9][10] Company Strategy and Development Direction - Full ownership of Calvert is seen as a positive development, enhancing the North American franchise [7] - Continued investment in strategic projects, including a billion-dollar electrical steel facility in Alabama, is underway [8] - The company aims to capitalize on defense and infrastructure investments, supported by low interest rates [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining growth momentum and highlighted the importance of strategic projects [6][11] - The company is optimistic about the European market's potential improvements due to anticipated trade protections [9][10] Other Important Information - The company has bought back 38% of its equity over the past four and a half years, enhancing shareholder value [12] - The impact of tariffs in Q2 was approximately $140 million, with ongoing efforts to mitigate these costs [36] Q&A Session Summary Question: Can you walk us through the EBITDA building blocks into Q3 2025? - Management discussed operational issues in Mexico affecting production, leading to $40 million in losses in Q2 [15][16] - Anticipated impacts include seasonally lower volumes in Europe and marginally higher tariff costs in North America [18] Question: How do you plan to mitigate the risk of tariffs on slab imports? - Management highlighted a new slab supply agreement with US Steel and ongoing discussions with customers to share tariff costs [22] Question: What is the expected timing for the second EAF at Calvert? - Management indicated that a decision will be made in the next capital allocation cycle, likely in 2026 [25][28] Question: Can you provide an update on iron ore shipments from Liberia? - The company expects to achieve 10 million tonnes of shipments this year, with a changing mix towards higher-value products [30] Question: What is the impact of tariffs on your financials? - Management confirmed that the impact of tariffs in Q2 was around $140 million, with efforts to mitigate these costs ongoing [36] Question: How confident are you in maintaining your CapEx envelope? - Management reiterated confidence in maintaining a CapEx envelope of €4.5 billion to €5 billion, with significant projects nearing completion [39] Question: What is the outlook for the European market? - Management noted that demand in Europe remains sideways, but inventory levels are low, creating potential for price increases [51] Question: What is the company's strategy regarding Brazilian slab capacity? - Management emphasized that Brazil's growing flat demand positions the company well, with no immediate need for new upstream investments [95]

Financial Performance & Strategic Growth - ArcelorMittal reported $3.4 billion EBITDA in 1H'25, with a margin of $125/tonne, exceeding the long-term average of $89/tonne[6] - Strategic growth projects and recent M&A are expected to increase EBITDA potential by $2.1 billion, with $0.2 billion already captured in 1H'25 and an additional $0.5 billion expected in 2H'25[6, 24] - M&A activities, including the full consolidation of Calvert, Tuper, and AMTBA, are projected to contribute $0.5 billion to incremental EBITDA[28] - Strategic projects are expected to further boost Group EBITDA potential by $2.1 billion[24] Calvert Acquisition & Expansion - ArcelorMittal secured 100% ownership of Calvert, recognizing a $1.7 billion gain on consolidation[6, 20] - Calvert's EBITDA was $614 million in 2024, which will now be fully consolidated within the North America segment[20] - Calvert achieved record steel shipments in 2Q'25, with a +5% increase in 1H'25 shipments compared to 1H'24 (2.398 million tonnes vs 2.276 million tonnes)[17] - A new 1.5Mt EAF was commissioned at Calvert, with the first slabs produced in Jun'25[6, 20] AMNS India Expansion - Phase 1 capacity expansion to 15 million tonnes at AMNS India is on track by the end of 2026[35] - AMNS India commissioned CGL3 in Jul'25, enhancing downstream capabilities and automotive steel leadership[38, 41] Capital Allocation & Balance Sheet - The company generated $2.3 billion in investable cash flow over the past 12 months[55] - Shareholder returns amounted to $1.1 billion, including $0.7 billion in share buybacks and $0.4 billion in dividends[55] - Net debt increased due to acquisitions and growth investments, with liquidity at $11.0 billion at the end of the quarter[55] - Consistent buybacks have enhanced book value by $18/share[56, 64]

人民财讯7月31日电，当地时间7月29日，中钢国际（000928）全资子公司中钢设备有限公司与安赛乐米 塔尔朱拜勒管材公司(ArcelorMittal Tubular Products Al-Jubail，简称AMTPJ)签订无缝钢管热处理及精整 线项目合同。根据合同，中钢设备作为EPC总承包方，负责新建一条20万吨/年的无缝钢管热处理线， 以及一条15万吨/年的无缝钢管精整线。项目定位于高端无缝钢管产品，将服务于中东、北非地区油 气、造船、海工制造等战略性工业领域。AMTPJ是安赛乐米塔尔集团与沙特公共投资基金(PIF，沙特最 主要的主权财富基金)合资成立的企业，由PIF控股。公司专注于无缝钢管生产，也是中东地区最大、领 先的无缝钢管生产商，主要服务于沙特油气行业及国家重大基建项目。 ...

Group 1 - The world's largest steel company, ArcelorMittal, has lowered its forecast for apparent steel demand globally (excluding China) for 2025 [1]

Core Insights - ArcelorMittal reported strong financial results for 2Q 2025, with EBITDA of $1.9 billion and net income of $1.8 billion, driven by strategic growth investments and operational improvements [2][4][27] - The company completed significant acquisitions, including full control of AM/NS Calvert and Tuper, enhancing its position in North America [3][58] - The company is focused on safety, achieving a lost time injury frequency (LTIF) rate of 0.68x, and is undergoing a three-year transformation program to improve safety culture [2][12][13] Financial Performance - Sales for 2Q 2025 increased by 7.6% to $15.9 billion compared to 1Q 2025, primarily due to a 6.8% rise in average steel selling prices [25] - Operating income for 2Q 2025 was $1.9 billion, significantly higher than $825 million in 1Q 2025, aided by exceptional items [25][27] - Adjusted net income for 2Q 2025 was $1.0 billion, with adjusted earnings per share (EPS) of $1.32 [5][27] Operational Highlights - Record quarterly iron ore production and shipments from Liberia, on track to achieve a full expanded capacity of 20 million tonnes by the end of 2025 [2][9] - The company’s North America segment saw a significant increase in operating income due to the acquisition of AM/NS Calvert, contributing to a total EBITDA of $614 million in 2024 [33][45] - The company’s mining operations reported a 16.6% increase in sales to $857 million in 2Q 2025, driven by higher iron ore shipments [52][53] Strategic Developments - The company is investing in organic growth projects, with a targeted EBITDA increase of $2.1 billion from recent M&A and strategic initiatives [3][19] - The Steel and Metals Action Plan in Europe aims to restore competitiveness in the steel industry, with anticipated updates in 2H 2025 [10][19] - The company plans to maintain a minimum of 50% return of post-dividend annual free cash flow to shareholders, alongside ongoing share buybacks [3][11] Market Outlook - Steel demand in Brazil is expected to grow by up to 2.0% in 2025, while India remains the fastest-growing major steel market with a projected increase of 6.0% to 7.0% [60] - The company anticipates challenges from ongoing tariff impacts and subdued economic activity, particularly in the U.S. market [57][58] - Free cash flow is expected to remain positive in 2025, supported by a release of working capital in the second half of the year [62][63]

Wall Street analysts forecast that ArcelorMittal (MT) will report quarterly earnings of $1.31 per share in its upcoming release, pointing to a year-over-year increase of 107.9%. It is anticipated that revenues will amount to $15.74 billion, exhibiting a decrease of 3.1% compared to the year-ago quarter. The consensus EPS estimate for the quarter has been revised 5.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initia ...

July 29, 2025, 15:30 CET ArcelorMittal (‘the Company’) today announces the publication of its second quarter 2025 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 ...

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]