Appointment of David Clarke As New Director of Vallourec Meudon (France), 26 February 2026 –The Board of Directors of Vallourec, meeting today, decided to co-opt, at the request of ArcelorMittal, Mr. David Clarke as a member of Vallourec Board of Directors, replacing Mr Keith James Howell. Mr. David Clarke was also appointed as a member of the Nominations and Governance Committee. The ratification of Mr. Clarke’s appointment will be proposed at the Group’s next Shareholder’s meeting on 21 May 2026. Biograph ...

Appointment of David Clarke As New Director of Vallourec Meudon (France), 26 February 2026 –The Board of Directors of Vallourec, meeting today, decided to co-opt, at the request of ArcelorMittal, Mr. David Clarke as a member of Vallourec Board of Directors, replacing Mr Keith James Howell. Mr. David Clarke was also appointed as a member of the Nominations and Governance Committee. The ratification of Mr. Clarke’s appointment will be proposed at the Group’s next Shareholder’s meeting on 21 May 2026. Biograph ...

AM/NS Vibrance是一款专为家电制造商研发的彩涂钢材，主要瞄准冰箱、洗衣机、微波炉等家电产品的制造需求。与之相对，AM/NS Optima为零锌花镀锌钢材，适用于空调系统、工业面板及洁净室设施等工业应用场景。AM/NS India表示，两款产品的推出旨在降低原始 设备制造商（OEMs）对进口镀层钢材的依赖，助力实现产品国产化替代，提升供应链韧性。 印度镀层钢材市场增长前景强劲 印度安赛乐米塔尔尼普敦钢铁公司（AM/NS India）于近日发布公告称，公司正式推出两款高端品牌钢材产品——AM/NS Vibrance与 AM/NS Optima，此举是其实现"高附加值钢材营收占比达75%"战略目标的重要举措。该行动凸显出AM/NS India正聚焦强化其在高利润下 游领域的市场布局，尤其深耕家电及工业应用用镀层钢材赛道。 两款新品聚焦家电与工业应用场景 扩充产品矩阵，锚定耐用消费品市场增长 此次新品成功加入AM/NS India现有的镀层钢材产品矩阵，与Optigal、Magnelis、Optiga Prime及Optiga Pinnacle等产品形成互补。据悉，到 2026-2027财年，印度耐用消费 ...

Market Performance - European stocks closed positively, with the pan-European Stoxx 600 up by 1.19%, the UK's FTSE 100 climbing 1.23%, Germany's DAX gaining 1.12%, and France's CAC 40 ending 0.81% higher [1][3]. - Defense stocks rose due to an agreement between India and France to strengthen defense and aerospace ties [2]. - Mining and banking sectors also saw significant gains, with notable performances from companies like Antofagasta, which soared nearly 11% [4]. Company Updates - BAE Systems reported a better-than-expected 12% rise in full-year operating profit, leading to a 4% increase in its shares [4]. - In Germany, Rheinmetall climbed more than 5%, and Heidelberg Materials gained about 4.3% [5]. - Bayer's shares fell over 7% due to a proposed $10.5 billion settlement related to litigation over its Roundup weedkiller [6]. Sector Performance - In the UK market, mining companies such as Fresnillo, Anglo American Plc, and Glencore gained between 4.25% and 4.8% [4]. - In France, companies like Thales, ArcelorMittal, and STMicroelectronics saw gains of 2%-5% [7]. - Notable declines were observed in food retailer Carrefour, which slid more than 5% after reporting a decline in operating profit [8]. Economic Indicators - France's inflation eased to the lowest in five years, with the consumer price index rising only 0.3% year-on-year in January [9]. - The EU harmonized inflation softened to 0.4% from 0.7% in December, marking the weakest rate since December 2020 [10]. - In the UK, the consumer price index posted an annual increase of 3% in January, the lowest since March 2025 [12].

BlueScope Steel Limited (OTC:BLSFF) reported an EPS of $0.58, surpassing estimates.The company's revenue fell short of expectations, indicating potential challenges in sales growth.Financial metrics reveal a strong valuation and financial health, with a notable debt-to-equity ratio of 0.08.BlueScope Steel Limited, trading under the symbol OTC:BLSFF, is a prominent player in the steel manufacturing industry. The company is known for its production of flat steel products and operates in various regions, inclu ...

Company Overview - ArcelorMittal is the world's leading steel and mining company, operating in over 60 countries with a balanced portfolio of cost-competitive steel plants across both developed and developing markets [11] - The company is a leader in key sectors including automotive, household appliances, packaging, and construction [11] Investment Potential - ArcelorMittal has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid investment profile [11] - The company is particularly appealing to growth investors, with a Growth Style Score of B and a forecasted year-over-year earnings growth of 28.3% for the current fiscal year [12] - Recent upward revisions in earnings estimates by two analysts over the last 60 days have increased the Zacks Consensus Estimate by $0.11 to $4.94 per share [12] - ArcelorMittal has an average earnings surprise of +26.6%, further enhancing its attractiveness to investors [12]

Core Insights - Liberia's President Weah urgently calls for Senate approval of the Mineral Development Agreement (MDA) with ArcelorMittal, emphasizing its importance for national economic credibility and U.S. strategic interests in the region [1] Group 1: Agreement Details - The MDA includes a signing bonus of $200 million, increased community development funds, and mining fees, along with "Liberianization" clauses aimed at enhancing local participation in management and employment [1] - The agreement has already been overwhelmingly approved by the House of Representatives and is now under Senate review [1] Group 2: Political Context - President Weah's call for urgency follows high-level diplomatic meetings in Guinea, where U.S. officials highlighted ArcelorMittal's investment as a cornerstone of U.S. national security interests in the region [1] - There are reports of some senators attempting to link the MDA approval to a controversial port decentralization bill, which may complicate the legislative process [1] - Internal power struggles within the Senate could also impact the progress of the MDA approval [1] Group 3: Economic Impact - ArcelorMittal is one of the largest foreign investors in post-war Liberia, and its operations are deemed crucial for the country's economic recovery [1]

Group 1 - The global order is being reshaped by U.S. President Donald Trump's policies, prompting "middle powers" to take proactive measures in response to U.S. hegemony [1] - Financial markets are increasingly favoring non-U.S. equity markets and energy stocks, with a bullish outlook on currencies like the euro and Canadian dollar [1] - Major equity markets and emerging markets are projected to experience double-digit earnings growth in 2026, as the focus shifts away from U.S. exceptionalism [1] Group 2 - Over 73% of companies in Europe's STOXX 600 index that reported fourth-quarter earnings exceeded expectations, compared to a typical quarter's 54% [1] - The FTSE 100 index has surpassed the 10,000 milestone for the first time and is up 5% this year, outperforming the S&P 500's 1.4% increase [1] - European energy stocks are nearing their highest levels since 2008, driven by a focus on critical resources and energy production [1] Group 3 - The "Made in Europe" strategy aims to protect local industries by setting minimum requirements for European content in manufactured goods, although it has caused divisions among EU countries [1] - Analysts believe that the long-term effort to bolster growth through trade and increased spending will persist, benefiting currencies like the Canadian dollar, Japanese yen, and euro [1] - Middle powers are forming strategic partnerships that align with their interests, as highlighted by the recent actions of Canada and the EU [1]

Core Insights - ArcelorMittal S.A. has announced a strategic investment of Euro 1.3 billion to construct an electric arc furnace (EAF) at its Dunkirk steelmaking site, which is a significant move towards decarbonizing steel production in France [1] Group 1: Investment and Operations - The new 2-million-ton EAF is expected to commence operations in 2029 and will achieve a threefold reduction in CO2 emissions compared to traditional blast furnaces [2][6] - Approximately 50% of the total investment will be supported by France's Energy Efficiency Certificates (CEE) scheme due to the sustainable benefits of the EAF [2][6] - Additionally, ArcelorMittal is investing Euro 500 million in a new electrical steel production unit at its Mardyck plant, marking the largest investment in Europe in the last decade, excluding decarbonization efforts [4][6] Group 2: Policy and Market Context - The decision to invest reflects increasing confidence in the evolving European policy framework, including recent proposals from the European Commission aimed at strengthening the Tariff Rate Quota (TRQ) system and reforming the Carbon Border Adjustment Mechanism (CBAM) [3] - These policy changes are anticipated to better protect European steelmakers from unfair imports and carbon leakage, facilitating the swift advancement of this investment [3] Group 3: Stock Performance - Over the past year, ArcelorMittal's stock has increased by 117.4%, outperforming the industry average rise of 59.8% [4]

Core Insights - ArcelorMittal has confirmed a strategic €1.3 billion investment for the construction of an electric arc furnace (EAF) at its Dunkirk steelmaking site, marking a significant step in the decarbonisation of its steel production in France [1][3][10] Investment Details - The EAF is expected to have a production capacity of 2 million tonnes and will generate steel with three times less CO2 emissions compared to traditional blast furnaces, producing 0.6 tonnes of CO2 per tonne of steel [3] - The funding for this project will be partially supported by Energy Efficiency Certificates (CEE), which will cover 50% of the total investment [3] Regulatory Environment - Recent regulatory proposals from the European Commission aim to limit unfair imports through a Tariff Rate Quota (TRQ) mechanism and reform the Carbon Border Adjustment Mechanism (CBAM) [4] - ArcelorMittal expresses appreciation for these regulatory developments, which are expected to restore fair competition in the European steel market and secure a sustainable future for steel production in the EU [5] Government Support - The French government, including President Emmanuel Macron, has been instrumental in supporting the steel industry, which has facilitated the investment decision for the Dunkirk EAF [7][8] - A long-term contract with EDF for low-carbon electricity supply is also a critical component of ArcelorMittal's energy strategy in France [5] Future Prospects - The company is considering the possibility of building additional EAFs in other European locations, contingent on favorable economic conditions and regulatory frameworks [9] - The Dunkirk EAF project is seen as a milestone for ArcelorMittal's commitment to decarbonisation and the long-term viability of steel production in Europe [10] Additional Investments - In addition to the EAF, ArcelorMittal is launching a new electrical steel production unit at its Mardyck plant, with a €500 million investment, representing the largest investment in Europe in the last decade, excluding decarbonisation efforts [11]