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ArcelorMittal S.A.

MT · NYSE

Market closed$66.45$1.07 (+1.64%)After hours $66.00 · -0.68%

Key statistics

Previous close$65.38
Open$64.39
Day high$66.92
Day low$64.17
52-week high$72.50
52-week low$30.17
Market cap50.58B
Volume1.65M
Average volume1.95M
P/E ratio18.72
Forward P/E—
EPS3.55
Dividend yield+0.84%

Market context

Why it moved

ArcelorMittal (MT) shares rose as rising steel and metals demand expectations were supported by elevated commodity prices and positive sentiment around industrial materials, even as broader markets faced pressure from Iran-related oil price spikes and AI sector concerns.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026ArcelorMittal rose over 1.6% during the regular session, recovering from the prior day's 3.3% decline, as firmer steel prices and positive sector signals supported sentiment. A strong earnings beat from Indian peer JSW Steel — whose Q1 net profit more than doubled on higher steel prices and robust volumes — reinforced the constructive backdrop for global steelmakers. Meanwhile, investors are weighing the impact of new 25% U.S. tariffs on Brazilian imports on ArcelorMittal's Brazil-to-U.S. steel flows, though management has flagged mitigation options including its Calvert facility. The company's next earnings report is due August 8, with 2025 full-year results anchoring valuation: $62.4B in revenue, $7.11B EBITDA, and $1.33B net income.

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July 16, 2026ArcelorMittal shares fell sharply, pulled down by a combination of new 25% U.S. tariffs on Brazilian imports that threaten the company's Brazil-to-U.S. steel flows and margin resilience, alongside a weak China GDP print (4.3% YoY) that weighed on global steel demand expectations. Despite the day's decline, MT has surged ~105% over the past year, driven by higher steel output, record Liberia iron ore shipments, and expansion projects — though GF Value flags the stock as still overvalued at current levels.

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July 16, 2026ArcelorMittal edged higher on the regular session and surged roughly 4.5% in after-hours trading, extending a remarkable 105% gain over the past year. A Zacks analysis highlighted the drivers behind the rally: higher steel output, record iron ore shipments from Liberia, and ongoing expansion projects. The broader steel sector is also benefiting from a favorable macro backdrop, including a better-than-expected U.S. June CPI report and strong Chinese trade data — China's June exports surged 27% year-over-year — stoking optimism around global industrial demand that underpins ArcelorMittal's earnings leverage.

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July 15, 2026ArcelorMittal rose, outperforming broader materials peers, as a softer-than-expected CPI reading boosted industrial sentiment and investors continued to focus on the company's ongoing share buyback program — currently in its second tranche of repurchasing up to 10 million shares. The stock also drew attention amid a leadership transition in Europe, where veteran CEO Geert Van Poelvoorde moves to chair ArcelorMittal Europe Steel, signaling governance continuity as the company pursues green steel investments. The broader steel sector remains in focus ahead of peer earnings reports, with tariff dynamics and global demand trends serving as key watchpoints for MT investors.

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July 14, 2026ArcelorMittal shares closed essentially flat, trading little changed after the world's largest steelmaker surged over 5% on Thursday following a significant analyst re-rating. JPMorgan upgraded the stock from Underweight to Neutral and raised its price target to €57, citing the EU's new tariff-rate quota regime (effective July 1) that slashed ~40% of duty-free steel imports and imposes a 50% tariff on excess volumes — a structural tailwind that could shift over 10 million tonnes of demand to European producers. The catalyst also triggered simultaneous upgrades of peers Voestalpine and Salzgitter, with investors now focused on ArcelorMittal's July 30 earnings and whether accelerating pricing power in Europe and Calvert facility momentum in North America can drive the anticipated 20%+ EBITDA growth the sector is forecasting for 2027.

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July 10, 2026ArcelorMittal surged nearly 5% after JPMorgan upgraded the steelmaker from Underweight to Neutral and raised its price target to EUR 46.10, citing a forecast return of pricing power for European steel companies and earnings growth in 2026 and 2027. The upgrade, which also highlights the Calvert facility ramp-up and favorable U.S. pricing dynamics, came alongside Deutsche Bank and Oddo BHF recently raising their price targets, reflecting broad analyst optimism around the company's strong year-to-date momentum and upcoming semi-annual results.

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July 9, 2026ArcelorMittal edged lower as a wave of analyst activity and macro headwinds shaped investor sentiment. Wells Fargo maintained an Equal-Weight rating while raising its price target to $62, essentially in line with the current share price, while Deutsche Bank and Oddo BHF had raised their targets to $70 earlier in the week — reflecting broadly constructive but mixed analyst views. Geopolitical tensions resurfaced after President Trump declared the interim US-Iran deal "over," sending oil prices surging and reigniting inflation concerns, a headwind for steel sector logistics costs. Separately, new EU steel import quotas effective July 1 significantly reduce Ukrainian quota access, a development that may benefit ArcelorMittal's European operations. Investors are also eyeing the company's upcoming semi-annual results expected later this month.

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July 8, 2026ArcelorMittal closed essentially flat as a risk-off session triggered by President Trump declaring the Iran MOU 'over' weighed broadly on materials and industrial stocks, though MT showed resilience relative to the market selloff. Bullish analyst momentum continued, with Deutsche Bank raising its price target to $70 from $67 while maintaining a Buy rating, and the stock is up over 43% year-to-date — nearly double the steel sector's gain — supported by strong Q1 earnings, record Liberia iron ore shipments, and a new cloud and AI collaboration with Amazon Web Services.

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ad-hoc-news.de · July 18, 2026ArcelorMittal stock stays supported by 2025 earnings and 2026 guidanceEWN · July 17, 2026SA seeks new WTO safeguards as ArcelorMittal warns of cheap steel importsArcelorMittal · June 20, 2026ArcelorMittal announces strategic collaboration with AWS to drive industrial automation and lower-carbon construction globallySteelOrbis · February 19, 2026South African processors in discussions with IDC over ArcelorMittal South AfricaReuters · February 5, 2026ArcelorMittal South Africa narrows loss after shutting long steel operationsReuters · January 22, 2026ArcelorMittal South Africa in advanced talks for potential deal, shares spikeBloomberg · November 11, 2025ArcelorMittal, IDC End Exclusive South Africa Talks With No Deal
Benzinga · July 10, 2026JP Morgan Upgrades ArcelorMittal to Neutral
Benzinga · July 9, 2026Wells Fargo Maintains Equal-Weight on ArcelorMittal, Raises Price Target to $62
Mt Newswire · July 7, 2026Deutsche Bank Raises Price Target on ArcelorMittal to $70 From $67, Keeps Buy Rating
Benzinga · June 22, 2026Reported Earlier: ArcelorMittal Partners With Amazon Web Services Over Industrial Automation Throughout Global Operations
Benzinga · June 22, 2026ArcelorMittal Taps Amazon AWS To Supercharge Global Plants
Mt Newswire · June 22, 2026ArcelorMittal Collaborating With Amazon on AI, Cloud Services, Steel Supply Framework
Benzinga · May 20, 2026Here's How Much $1000 Invested In ArcelorMittal 5 Years Ago Would Be Worth Today
Benzinga · May 19, 2026Steel Giant ArcelorMittal Dumps 10% Vallourec Stake

Peers

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