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

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.

Nurhayati Wan

Arcelor Mittal

Andrew Lane

Morningstar | ArcelorMittals Reports Strong 3Q Results and Announces Completion of ILVA Acquisition

ArcelorMittal issued robust third-quarter profits, as EBITDA rose 42% year on year to $2.7 billion. Operating margins for every reporting segment other than Europe came in above 10% in the quarter. Having updated our valuation model, our fair value estimates are unchanged at $20 and EUR 17 per share. Our long-term negative outlook for the company is unchanged, as we expect profitability for both the company's steelmaking and mining operations to contract in the years to come. Our no-moat rating also remains intact. Given our full-year adjusted EBITDA forecast of $10.6 billion, ArcelorMittal w...

Andrew Lane

Morningstar | ArcelorMittals Reports Strong 3Q Results and Announces Completion of ILVA Acquisition. See Updated Analyst Note from 01 Nov 2018

ArcelorMittal issued robust third-quarter profits, as EBITDA rose 42% year on year to $2.7 billion. Operating margins for every reporting segment other than Europe came in above 10% in the quarter. Having updated our valuation model, our fair value estimates are unchanged at $20 and EUR 17 per share. Our long-term negative outlook for the company is unchanged, as we expect profitability for both the company's steelmaking and mining operations to contract in the years to come. Our no-moat rating also remains intact. Given our full-year adjusted EBITDA forecast of $10.6 billion, ArcelorMittal w...

Andrew Lane

ArcelorMittals Reports Strong 3Q Results and Announces Completion of ILVA Acquisition

ArcelorMittal issued robust third-quarter profits, as EBITDA rose 42% year on year to $2.7 billion. Operating margins for every reporting segment other than Europe came in above 10% in the quarter. Having updated our valuation model, our fair value estimates are unchanged at $20 and EUR 17 per share. Our long-term negative outlook for the company is unchanged, as we expect profitability for both the company's steelmaking and mining operations to contract in the years to come. Our no-moat rating ...

Andrew Lane

ArcelorMittal Continues To Extend Global Dominance With ILVA and ESIL Acquisitions

On Oct. 26, the committee of creditors behind Essar Steel India agreed to accept the acquisition terms proposed by ArcelorMittal and joint venture partner Nippon Steel and Sumitomo Metal. More than 92% of creditors voted in favor. This represents a significant milestone for ArcelorMittal, as the bidding process has been a winding road with various starts and stops over the last year. ArcelorMittal had submitted its initial expression of interest to acquire Essar back in October 2017. The sale pr...

Andrew Lane

Morningstar | ArcelorMittal Takes a Big Step Toward Completing Its Proposed Acquisition of Essar Steel India

On Oct. 26, the committee of creditors behind Essar Steel India agreed to accept the acquisition terms proposed by ArcelorMittal and joint venture partner Nippon Steel and Sumitomo Metal. More than 92% of creditors voted in favor. This represents a significant milestone for ArcelorMittal, as the bidding process has been a winding road with various starts and stops over the last year. ArcelorMittal had submitted its initial expression of interest to acquire Essar back in October 2017. The sale process has tested India's new Insolvency and Bankruptcy Code, which was established in 2016. At one ...

Nurhayati Wan

Arcelor Mittal

Nurhayati Wan

Arcelor Mittal

Nurhayati Wan

Arcelor Mittal

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Nurhayati Wan

Arcelor Mittal

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Anaïs Dudout

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.

Anaïs Dudout

Proxy Report - 16/05/2018

ArcelorMittal propose à ses actionnaires de se positionner sur le changement de devise de son capital social et de modifier les status en conséquence.  La justification de la société est correcte, et cette mesure est cohérente avec la pratique de la société et le secteur dans lequel elle opére. Nous recommandons donc l'approbation.

Anaïs Dudout

Proxy Report - 09/05/2018

ITEM 3 Although ArcelorMittal swung back to profitability after an abysmal 2015 when it reported a hefty loss of USD 8 billion, a $0,10 dividend is proposed at this AGM, for the first time in three years. The Company declared its intent to use its cash surplus to retire debt and restore its investment grade rating before increasing the amount of the distribution. We therefore recommend that shareholders approve resolution 3. ITEM 4ECGS denounced for several years the excessive amount of director’s fees, exceeding € 100,000 per non-executive director. Furthermore, the attribution is not based ...

Anaïs Dudout

Proxy Report - 09/05/2018

NE PAS UTILISER LE FORMULAIRE DE VOTE STANDARD CFONB car la société est de droit luxembourgeois. Télécharger le formulaire de la société à l'adresse suivante : http://corporate.arcelormittal.com/~/media/Files/A/ArcelorMittal/investors/agm/2018/arcelormittal-card.pdf.   Après le retour aux bénéfices après une perte historique de près de 8 milliards USD, ArcelorMittal a décidé de proposer la mise en place d'un dividende de 0,10 $ cette année. Dans un contexte encore difficile, il est positif que la société ait réussi à maîtriser son endettement et de procéder à une distribution, même modérée. ...

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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