Core Insights - ArcelorMittal S.A. reported a fourth-quarter 2025 net income of $177 million, or 23 cents per share, a significant improvement from a loss of $390 million, or 51 cents per share, in the same quarter last year [2] - Adjusted earnings were 86 cents per share, exceeding the Zacks Consensus Estimate of 56 cents [2] - Total sales increased by approximately 2% year over year to $14,971 million, although this figure fell short of the consensus estimate of $15,760.7 million [2] Financial Performance - Total steel shipments decreased by 4% year over year to 13 million metric tons, missing the consensus estimate of 14.5 million metric tons [3] - In North America, sales rose by 16% year over year to $3,045 million, while crude steel production fell by 4.2% to 1,804 million metric tons [4] - Brazil saw a slight sales increase of 0.4% year over year to $2,901 million, with crude steel production rising by 3.1% to 3,636 million metric tons [5] - European sales declined by around 6% year over year to $6,736 million, with crude steel production down nearly 17% to 6,398 million metric tons [6] - Mining segment sales surged by 29% year over year to $908 million, with iron ore production totaling 10.1 million metric tons, up approximately 13.5% [7] Cash and Debt Position - At the end of the reported quarter, cash and cash equivalents stood at $5,476 million, down from $5,733 million in the previous quarter, with net debt around $7.9 billion [8] Future Outlook - The company anticipates global steel demand, excluding China, to improve in 2026, with apparent steel consumption projected to grow around 2% year over year [9] - ArcelorMittal plans to invest $4.5 to $5.0 billion in capital expenditures during 2026 to enhance capacity and efficiency, targeting medium- and long-term structural demand drivers [11] Stock Performance - ArcelorMittal's shares have increased by 105.6% over the past year, contrasting with a 58.7% decline in the industry [14]

February 1, 2026 11:32 PM GMT Investor Presentation | Asia Pacific M Foundation Micro Fixes, Macro Slow Burn Related reports: Micro Fixes, Macro Slow Burn (29 January 2026) Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 | | The slight easing in provincial targets reflects a shift toward pragmatism rather than pessimism | | | A lower growth target could be positive for rebalancing | | --- | --- | --- | --- | --- | | | 2025 | 2026 | Change | | | Beijin ...

Core Insights - The AI boom is driving a significant increase in energy demand and infrastructure development, with expectations for these trends to continue into 2026 [1] Energy Demand and Infrastructure Development - President Trump highlighted the need for more than double the current energy capacity in the US to support AI plants, emphasizing the administration's commitment to enhancing domestic electricity infrastructure [2] - Global power usage by data centers is projected to rise from approximately 55 gigawatts to 84 gigawatts within the next two years, according to Goldman Sachs [3] - The US is experiencing a surge in infrastructure and energy production, with steel production reportedly doubling and tripling, and factory construction increasing by 41% [6] Industry Performance - The Industrials sector has seen a 17.5% increase over the past year, outperforming the S&P 500's 13.5% return, with Caterpillar, the largest heavy machinery operator in the US, achieving a remarkable 58% return in the same period [5] - Nvidia's CEO stated that AI development will necessitate "trillions of dollars" in spending, marking it as the "largest infrastructure build-out in history" [7] Challenges in Infrastructure Development - Heavy machinery companies are facing significant backlogs for essential parts like natural gas turbines, and connecting new-generation equipment to the US power grid can take over a decade [4]

SINGAPORE, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced that it has completed the handover of five hydraulic grabs to Bachy Soletanche Singapore Pte. Ltd. (“Bachy Soletanche Singapore”), a leading provider of geotechnical and foundation engineering solutions in Singapore, in December 2025. The hydraulic grabs are deployed for use in Land Transport Authority’ ...

Project Financing - Angola secured $753 million in financing [1] Infrastructure Development - Financing aims to speed up development of the Lobito rail corridor [1] Project Status - The Lobito rail corridor project experienced months of delays, now resolved with financing [1]

Government Initiatives - New Zealand proposes a new planning system to facilitate home construction, farm development, and infrastructure projects [1] - The new system aims to underpin future economic growth [1]

Government Initiatives - Indian government states the new railway line in Kashmir aims to enable the region to benefit from India's strong economic growth [1] Regional Sentiment - Not all Kashmiris are convinced about the benefits of the new railway line [1]

Infrastructure Development - A new railway line was announced to open in the Kashmir Valley [1] - The project is changing the lives of Kashmiris [1]

Industry Overview - Kashmir is known for its high-quality saffron and willow wood [1] Infrastructure Development - A new railway route has been established in Kashmir [1]

Infrastructure Development - A new railway will allow Kashmir to share the beauty of its valley with the rest of the world [1] Potential Impact - The other effects of the new railway remain to be seen [1]