Steel demand is set to spike, and these top steel stocks are among those best positioned to capitalize on the opportunity—analysts at FitchRatings project steel demand to grow by as much as 30 million global tons. The same analysts expect improved margins across most major steelmaking countries (except China, in this case) and North American steel sectors to increase self-reliance and move away from national net import status.Top steel stocks are tricky to pick because, as with any commodity stock, high cap ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ARCELORMITTAL (Exact name of Registrant as specified in its charter) N/A (Translation of Registrant's name into English) | --- | --- | --- | --- | --- | |-------|---------------------------|------------------------------|------------------------------------------------------------------------------------------------|-------------------------------------------------------| | | Title of each class | Securities registered or | to ...

20 February 2024, 17:30 CET Earlier today the Italian Government announced that it has placed Acciaierie d'Italia SpA (‘ADI') into extraordinary administration subsequent to the request of Invitalia, thereby passing control of the company from its current shareholders, ArcelorMittal and Invitalia, to government appointed commissioners. This ends ArcelorMittal's involvement in ADI, which started in 2018. Since that time, ArcelorMittal has been fully committed to the people and assets of ADI - then known as ...

ArcelorMittal (MT) recorded an adjusted net income of $982 million or $1.18 per share in fourth-quarter 2023 compared with $1.19 billion or $1.37 per share in the year-ago quarter. The bottom line surpassed the Zacks Consensus Estimate of a loss of $2.08 per share.Total sales fell around 14% year over year to $14,552 million in the quarter. The figure missed the consensus estimate of $14,950.5 million. The downside was primarily due to a decline in average steel selling prices.Total steel shipments rose 5.5 ...

ArcelorMittal S.A. (NYSE:MT) Q4 2023 Earnings Conference Call February 8, 2024 9:30 AM ET Company Participants Daniel Fairclough – Investor Relations Lakshmi Mittal – Executive Chairman Aditya Mittal – Chief Executive Officer Genuino Christino – Chief Financial Officer Conference Call Participants Alain Gabriel – Morgan Stanley Tristan Gresser – BNP Paribas Myles Allsop – UBS Tom Zhang – Barclays Maxime Kogge – Oddo Moses Ola – JP Morgan Timna Tanners – Wolfe Research Patrick Mann – Bank of America Bastian ...

ARCELORMITTAL 6-K Exhibit 99.1 ArcelorMittal reports first quarter 2024 results On May 2, 2024 - 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, announced results for the three-month period ended March 31, 2024 (“1Q 2024”). 1Q 2024 key highlights: ● Health and safety focus: Protecting employee health and wellbeing remains the overarching priority of the Company ...

| --- | --- | |----------------------------------------|-------| | | | | 4Q 2023 and FY 2023 | | | Financial results and strategic update | | | February 8, 2024 | | Disclaimer Forward-Looking Statements This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and ...

For the quarter ended December 2023, ArcelorMittal (MT) reported revenue of $14.55 billion, down 13.9% over the same period last year. EPS came in at $1.18, compared to $1.37 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $14.95 billion, representing a surprise of -2.67%. The company delivered an EPS surprise of +156.73%, with the consensus EPS estimate being -$2.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Luxembourg, February 8, 2024 - 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, 2023. 2023 key highlights: Health and safety focus: Protecting employee health and wellbeing remains an overarching priority of the Company; LTIF2 rate of 0.92x in FY 2023 and 0.70x in FY 2022. P ...

ArcelorMittal S.A. (MT) and Nippon Steel’s joint venture, ArcelorMittal Nippon Steel India (AM/NS India), released its inaugural Climate Action Report. It highlights the venture’s commitment to accelerate and decarbonize India's development. This report comes at a crucial juncture for India's steel sector, as the country aims to achieve a $5-trillion economy and become the third-largest global economy by 2026-27.Aditya Mittal, chairman of AM/NS India, emphasized the importance of addressing the challenge of ...