Arcelor Mittal

ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
  • TickerMT
  • ISINLU1598757687
  • ExchangeEuronext Amsterdam
  • SectorIndustrial Metals & Mining
  • CountryLuxembourg

Analysts

Andrew Lane

Morningstar | U.S. Steelmakers Trade Lower Due To Turkey Tariff Cut and Removal of Tariffs For Canada and Mexico

U.S. steelmaker shares traded lower on May 17, as reports indicated that U.S. government-imposed Turkish steel import tariffs would be reduced while those for Canada and Mexico would be lifted. Our outlook for the U.S. steel industry already assumed a gradual softening of trade protection over our explicit five-year forecast period, resulting in a decreasing premium for U.S. steel prices above world export prices. Therefore, our steel price deck and U.S. steelmaker fair values are unchanged. We reiterate our no-moat ratings for Nucor, Steel Dynamics, U.S. Steel, Commercial Metals, Schnitzer St...

Andrew Lane

U.S. Steelmakers Trade Lower Due To Turkey Tariff Cut and Removal of Tariffs For Canada and Mexico

U.S. steelmaker shares traded lower on May 17, as reports indicated that U.S. government-imposed Turkish steel import tariffs would be reduced while those for Canada and Mexico would be lifted. Our outlook for the U.S. steel industry already assumed a gradual softening of trade protection over our explicit five-year forecast period, resulting in a decreasing premium for U.S. steel prices above world export prices. Therefore, our steel price deck and U.S. steelmaker fair values are unchanged. We ...

Jean-Christophe Dourret

ArcelorMittal : Arcelor - 14 May 2019

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Jean-Christophe Dourret

ArcelorMittal : Arcelor - 14 mai 2019

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Andrew Lane

Morningstar | Each of ArcelorMittal's Steelmaking Segments Suffered Material Margin Compression YoY in 1Q

ArcelorMittal is off to a slow start in 2019, as first-quarter EBITDA fell 34% to $1.65 billion from the prior-year period. Although we anticipated that profits would fall off this year from cyclical peak market conditions in 2018, the magnitude of the decline in the first quarter took us by surprise. Steel-only EBITDA per ton declined to $56 from $101 year on year. Having updated our valuation model to reflect lower near-term profits, our fair value estimates fall to $17 and EUR 15 per share from $18 and EUR 16. Our long-term outlook is unchanged and our no-moat rating remains intact. Althou...

Andrew Lane

Morningstar | U.S. Steelmakers Trade Lower Due To Turkey Tariff Cut and Removal of Tariffs For Canada and Mexico

U.S. steelmaker shares traded lower on May 17, as reports indicated that U.S. government-imposed Turkish steel import tariffs would be reduced while those for Canada and Mexico would be lifted. Our outlook for the U.S. steel industry already assumed a gradual softening of trade protection over our explicit five-year forecast period, resulting in a decreasing premium for U.S. steel prices above world export prices. Therefore, our steel price deck and U.S. steelmaker fair values are unchanged. We reiterate our no-moat ratings for Nucor, Steel Dynamics, U.S. Steel, Commercial Metals, Schnitzer St...

Andrew Lane

U.S. Steelmakers Trade Lower Due To Turkey Tariff Cut and Removal of Tariffs For Canada and Mexico

U.S. steelmaker shares traded lower on May 17, as reports indicated that U.S. government-imposed Turkish steel import tariffs would be reduced while those for Canada and Mexico would be lifted. Our outlook for the U.S. steel industry already assumed a gradual softening of trade protection over our explicit five-year forecast period, resulting in a decreasing premium for U.S. steel prices above world export prices. Therefore, our steel price deck and U.S. steelmaker fair values are unchanged. We ...

Jean-Christophe Dourret

ArcelorMittal : Arcelor - 14 May 2019

...

Jean-Christophe Dourret

ArcelorMittal : Arcelor - 14 mai 2019

...

Andrew Lane

Morningstar | Each of ArcelorMittal's Steelmaking Segments Suffered Material Margin Compression YoY in 1Q

ArcelorMittal is off to a slow start in 2019, as first-quarter EBITDA fell 34% to $1.65 billion from the prior-year period. Although we anticipated that profits would fall off this year from cyclical peak market conditions in 2018, the magnitude of the decline in the first quarter took us by surprise. Steel-only EBITDA per ton declined to $56 from $101 year on year. Having updated our valuation model to reflect lower near-term profits, our fair value estimates fall to $17 and EUR 15 per share from $18 and EUR 16. Our long-term outlook is unchanged and our no-moat rating remains intact. Althou...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/10/2019

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Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/05/2019

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Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/09/2019

...

Alain William ...
  • Alexandre Iatrides
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Harald Eggeling
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Nicolas David
  • Olivier Lebrun
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/05/2019

...

Alain William ...
  • Fatma Agnès Hamdani
  • Olivier Lebrun
  • Samantha Jeary

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/29/2019

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An unfavourable environment weighs on ARCELORMITTAL, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ARCELORMITTAL (NL), active in the Steel industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date March 1, 2019, the closing price was EUR 20.32 and its target price was estimated at EUR 16.91.

An unfavourable environment weighs on ARCELORMITTAL, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of ARCELORMITTAL (FR), active in the Steel industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date March 1, 2019, the closing price was EUR 20.32 and its target price was estimated at EUR 16.91.

Nurhayati Wan

Arcelor Mittal

Nurhayati Wan

Arcelor Mittal

Nurhayati Wan

Arcelor Mittal

Expert Corporate Governance Service (ECGS)

ArcelorMittal - Assemblée Générale des actionnaires du 7 mai 2019

Après le retour aux béné?ces après une perte historique de près de 8 milliards USD, ArcelorMittal a décidé de proposer la mise en place d'un dividende de 0,20 $ cette année, doublé par rapport à 2018. La société, après des années très difficiles, a réussi à maîtriser son endettement et à procéder pour la deuxième année à une distribution, même si elle reste très modérée. Nous recommanderons donc l'approbation à la résolution III. Proxinvest déplore depuis plusieurs années le montant excessif de jetons de présence, qui dépasse les 100 000 € par personne, ce qui crée une réelle dépendance écono...

Expert Corporate Governance Service (ECGS)

ArcelorMittal - AGM 07 May 2019

After a historic loss of nearly $ 8 billion in 2015, ArcelorMittal has decided to propose a dividend of $ 0.20 this year, doubled compared to 2018. The company, after difficult years, continues to control its debt and pays dividends for a second year, even if it remains very moderate. We will therefore recommend approval of the resolution III. For several years, ECGS has been complaining about the excessive amount of directors’ fees, which exceeds € 100 000  per person, as it creates a real economic dependence on the company. In addition, it is not indexed to real attendance. We therefore re...

ArecelorMittal - Assemblée générale des actionnaires du 07 mai 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

ArcelorMittal – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 16/05/2018

In order to simplify its reporting process, ArcelorMittal asks its shareholders to change the currency of the share capital of the Company from Euro into US Dollar. It is positive that the company, evolving in a complex global sector, chose to standardize its accounts. We therefore recommend that shareholders approve this resolution.

Jérôme VINERIER

Analyse court terme - ARCELOR MITTAL : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 20,949 €. La tendance de fond serait remise en cause en cas de franchissement de 25,300 €.

Jérôme VINERIER

Short term view - ARCELOR MITTAL : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €20.949. The background trend would be questioned should prices rise above €25.300.

Jérôme VINERIER

Short term view - ARCELOR MITTAL : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €20.949, then €19.700. Passing €25.300 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ARCELOR MITTAL : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 20,949 €, puis 19,700 €. Le franchissement de 25,300 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Medium term view - ARCELOR MITTAL : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

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