ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. The company's principal steel products include semi-finished flat products, such as slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products, including bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. Its principal mining products comprise iron ore lumps, fines, concentrates, pellets, and sinter feeds; and coking and thermal coal, and pulverized coal injections. The company sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, as well as distributors. It has iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, and Ukraine; and coal mining activities in Kazakhstan. The company was founded in 1976 and is headquartered in Luxembourg City, Luxembourg.
IPO Year:
Exchange: NYSE
Website: corporate.arcelormittal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/10/2025 | $31.70 | Neutral → Buy | Goldman |
| 3/26/2025 | Buy → Hold | Jefferies | |
| 2/14/2025 | Overweight → Equal-Weight | Morgan Stanley | |
| 11/14/2024 | $30.00 → $32.90 | Neutral → Buy | BofA Securities |
| 10/11/2024 | Overweight → Neutral | JP Morgan | |
| 8/28/2024 | $29.00 → $31.00 | Hold → Buy | Deutsche Bank |
| 8/19/2024 | Equal Weight → Overweight | Barclays | |
| 5/9/2024 | Neutral | Goldman | |
| 4/16/2024 | $34.00 → $31.00 | Buy → Hold | Deutsche Bank |
| 12/13/2023 | Neutral → Overweight | JP Morgan |
6 May 2025, 15.15 CET The Annual General Meeting (‘General Meeting') of shareholders of ArcelorMittal (the "Company") held today in Luxembourg approved all resolutions by a strong majority. 71.73% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under "Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 6 May 2025" where the full documentation regarding the General Meeting is available. In particular, the shareholders: Approved the distribution of a dividend of US$0.55 per share;Re-elected Mrs. Vanisha Mittal Bhatia and Mr. Karel de Gucht as directors of Ar
Luxembourg, April 30, 2025 - 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 period ended March 31, 2025. 1Q 2025 key highlights: Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.63x in 1Q 2025. dss+ safety audit recommendations implementation phase is underway Delivering higher margins than in prior cycles: The Group's results are showing resilience; the benefits of asset optimization and a diversified asset portfolio are suppor
17 April 2025, 19:00 CET ArcelorMittal today announces the publication of its first 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 a group of approximately 15 brokers. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved
17 April 2025, 08:30 CET ArcelorMittal (‘the Company') has today published its 2024 Sustainability Report (‘the report'), which can be accessed here. The report provides an update on the progress made in 2024 on the Company's most material sustainability topics, which include safety, decarbonisation, the environment, biodiversity, and people. It also contains the first update on the implementation of the dss+ safety recommendations, published in October 2024 following the completion of the nine-month Group-wide audit. Key information included in the report includes: Sustainability performance table covering 120 KPIsProgress on the implementation of the safety audit recommendations wit
7 April 2025, 08:30 CET Following the announced completion of its 85 million shares buyback program on 2 April 2025, ArcelorMittal (the ‘Company') announces the commencement of a new share buyback program (the ‘Program') with share repurchases to be conducted in tranches that may be announced through May 2030. Repurchases under the first tranche of the Program, which is for up to 10 million shares, will commence immediately, under the authorization given by the annual general meeting of shareholders of 30 April 2024 and subsequently, if applicable, subject to approval at the annual general meeting to be held on 6 May 2025. The actual amount of shares to be repurchased in various tranches p
4 April 2025, 18:00 CET ArcelorMittal today announces a revision to its financial calendar for 2025. The Q1 2025 earnings results initially scheduled for 2 May 2025 and announced by way of a press release dated 6 December 2024 will now be published on 30 April 2025. The remainder of the financial calendar for 2025 remains unchanged. Earnings results announcements: 31 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 stee
4 April 2025, 08:00 CET ArcelorMittal (the ‘Company') has today published the convening notice for its Annual General Meeting of shareholders (the ‘General Meeting'), which will be held on 6 May 2025 at 12:30 CET at the Company's registered office, 24-26, boulevard d'Avranches, L-1160 Luxembourg, Grand-Duchy of Luxembourg. The ArcelorMittal shareholders entitled to vote at the Annual General Meeting will be those who are shareholders on the record date of 22 April 2025 at midnight (24:00 CET) (the ‘Record Date'). The convening notice, the Annual Report 2024, the Form 20-F 2024, the voting forms and all other meeting documentation will be available on ArcelorMittal's website www.arcelormi
2 April 2025, 10:30 CET ArcelorMittal (the "Company") today announces that it has completed the 85 million shares buyback program it announced on 5 May 2023 under the authorization given by the annual general meeting of shareholders of 2 May 2023 and continued under the 30 April 2024 annual general meeting of shareholders authorization. By market close on 1 April 2025, ArcelorMittal had repurchased 85 million shares. All details are available on the Company's website at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program. ENDS About ArcelorMittal ArcelorMittal is one of the world's leading integrated steel and mining companies with a presence in 60 coun
27 March 2025, 17:45 CET ArcelorMittal has published the statutory financial statements of ArcelorMittal parent company for the year ended 31 December 2024. These financial statements have been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and are available on http://corporate.arcelormittal.com in the Corporate Library. 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 largest in the Americas, and has a growing presence in Asia through its joint venture AM/N
10 March 2025, 23.55 CET ArcelorMittal has published its annual report for the year ended 31 December 2024. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com > Financial reports 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 largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers
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6 May 2025, 15.15 CET The Annual General Meeting (‘General Meeting') of shareholders of ArcelorMittal (the "Company") held today in Luxembourg approved all resolutions by a strong majority. 71.73% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under "Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 6 May 2025" where the full documentation regarding the General Meeting is available. In particular, the shareholders: Approved the distribution of a dividend of US$0.55 per share;Re-elected Mrs. Vanisha Mittal Bhatia and Mr. Karel de Gucht as directors of Ar
Luxembourg, April 30, 2025 - 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 period ended March 31, 2025. 1Q 2025 key highlights: Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.63x in 1Q 2025. dss+ safety audit recommendations implementation phase is underway Delivering higher margins than in prior cycles: The Group's results are showing resilience; the benefits of asset optimization and a diversified asset portfolio are suppor
7 April 2025, 08:30 CET Following the announced completion of its 85 million shares buyback program on 2 April 2025, ArcelorMittal (the ‘Company') announces the commencement of a new share buyback program (the ‘Program') with share repurchases to be conducted in tranches that may be announced through May 2030. Repurchases under the first tranche of the Program, which is for up to 10 million shares, will commence immediately, under the authorization given by the annual general meeting of shareholders of 30 April 2024 and subsequently, if applicable, subject to approval at the annual general meeting to be held on 6 May 2025. The actual amount of shares to be repurchased in various tranches p
Luxembourg, February 6, 2025 - 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, 2024. 2024 key highlights: Safety focus: Protecting employee health and well-being remains an overarching priority of the Company. LTIF rate of 0.70x in FY 2024 and 0.92x in FY 2023. Business specific plans have been developed to implement the recommendations of the Company-wide safety audit by dss+ Resilient operating results despite challenging market conditions: FY 2024 EBIT
Luxembourg, November 7, 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 nine-month periods ended September 30, 2024. 3Q 2024 key highlights: Safety focus: The Company-wide audit of safety by dss+ is now complete. It has provided the Group with a clear set of 6 recommendations which the Company is committed to implement. LTIF2 rate of 0.88x in 3Q 2024 and 0.68x in 9M 2024 Structurally higher margins and resilient operating results: Despite the challenging market environment, the Company c
Luxembourg, August 1, 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 six-month periods ended June 30, 2024. 2Q 2024 key highlights: Health and safety focus: Protecting employee health and safety remains the overarching priority of the Company; the Company-wide audit of safety by dss+ remains on track for completion by 3Q 2024 and will support our pathway to zero serious injuries and fatalities; LTIF2 rate of 0.57 in 2Q 2024 and 0.59 in 1H 2024 Resilient operating results: Be
Luxembourg, 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, today announced results1 for the three-month period ended March 31, 2024. 1Q 2024 key highlights: Health and safety focus: Protecting employee health and wellbeing remains the overarching priority of the Company; the Company-wide audit of safety by dss+ is progressing and will support our pathway to zero serious injuries and fatalities; LTIF2 rate of 0.61x in 1Q 2024Recovering volumes and higher steel spreads supporting improved results: Scope adjusted steel
30 April 2024, 18:15 CET The Annual General Meeting (‘General Meeting') of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority. 78.47% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under ‘Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 30 April 2024' where the full documentation regarding the General Meeting is available. In particular, the shareholders: Approved the distribution of a dividend of US$0.50 per share;Re-elected Mrs. Karyn Ovelmen and Mr. Clarissa Lins as directors of ArcelorMittal, for a
12 March 2024, 22:00 CET ArcelorMittal (the ‘Company') today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. Transaction closing is subject to regulatory approvals and is expected to close in the second half of the year. Having carried out a successful restructuring in recent years, Vallourec presents a compelling opportunity to increase ArcelorMittal's exposure to the attractive, downstream, value-added tubular market. It is a global leader in premium tubular solutions f
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. Performance in 2023 was severely impacted by the tragic Kostenko mine accident on October 28, 2023. The Company has commissioned dss+ to conduct a comprehensive independent Compan
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Jorge Luiz Ribeiro de Oliveira nominated Executive Vice President of ArcelorMittal ArcelorMittal (‘the company' or ‘the group') today announces the appointment of Everton Negresiolo as CEO of its South American Long Products and mining business and a member of the group management committee, effective 1 April 2025. Everton will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal. Everton succeeds Jefferson de Paula, who is retiring, effective 1 April 2025. Jefferson, an Executive Vice President and member of the group's management committee, joined ArcelorMittal in 1991 as a melt shop manager in one of the company's Brazilian steel plants. During his 34-year career with the
06 August 2024, 07:30 CET ArcelorMittal today announces that following the signature of a Share Purchase Agreement on 12 March 2024, and after the approval of relevant antitrust authorities and clearances under foreign investment regulations, it has completed the acquisition of 65,243,206 shares, representing c.28.41% equity interest in Vallourec, for €14.64 per share from funds managed by Apollo Global Management Inc., for a total consideration of approximately €955 million, subject to successful completion of the settlement. Following completion of this transaction, the appointment of Mr. Genuino Magalhaes Christino (Chief Financial Officer, ArcelorMittal) as director of Vallourec will
19 March 2024, 10:00 CET ArcelorMittal, the world's leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024. Kleber will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal and he will be a member of the Group Management Committee. Stefan Buys, who has been the chief executive since October 2021, is leaving the company on 30 March 2024 to pursue other opportunities. Stefan safely advanced ArcelorMittal's mining business in both Liberia and Canada, and facilitated the progression of key projects. ArcelorMittal would like t
24 May 2022, 10:00 CET ArcelorMittal today announces that Stephanie Werner-Dietz will join the company on 1st September 2022 as Executive Vice President and global head of human resources. Bart Wille, who currently holds this position, has decided to retire at the end of this year following a career of 37 years in human resources management. Stephanie joins ArcelorMittal from Nokia, where she is Chief People Officer and a member of the Group Leadership Team. In this position she has responsibility for all people-related topics including human resource management, real estate and health and safety. She recently launched Nokia's new people strategy, which has a strong emphasis on growth, s
Goldman upgraded ArcelorMittal from Neutral to Buy and set a new price target of $31.70
Jefferies downgraded ArcelorMittal from Buy to Hold
Morgan Stanley downgraded ArcelorMittal from Overweight to Equal-Weight
BofA Securities upgraded ArcelorMittal from Neutral to Buy and set a new price target of $32.90 from $30.00 previously
JP Morgan downgraded ArcelorMittal from Overweight to Neutral
Deutsche Bank upgraded ArcelorMittal from Hold to Buy and set a new price target of $31.00 from $29.00 previously
Barclays upgraded ArcelorMittal from Equal Weight to Overweight
Goldman initiated coverage of ArcelorMittal with a rating of Neutral
Deutsche Bank downgraded ArcelorMittal from Buy to Hold and set a new price target of $31.00 from $34.00 previously
JP Morgan upgraded ArcelorMittal from Neutral to Overweight