ArcelorMittal

  • TickerMT
  • ISINUS03938L2034
  • 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 ...

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ArcelorMittal - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ArcelorMittal: Update to Discussion of Key Credit Factors

ArcelorMittal’s Baa3 rating is supported by a strong business profile, ongoing deleveraging and good liquidity

ArcelorMittal - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ArcelorMittal - June 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

ArcelorMittal: Update to Discussion of Key Credit Factors after Upgrade to Baa3

ArcelorMittal’s Baa3 rating is supported by a strong business profile, ongoing deleveraging and good liquidity

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 ...

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 | With the Cyclical Peak of 2018 Behind It, ArcelorMittal Will Refocus on Cost Reductions

As the largest steelmaker in the world, ArcelorMittal relies primarily on blast furnaces to produce steel, with just shy of 20% of its production coming from electric arc furnaces. During periods of high steel demand, blast furnaces allow for low per-unit operating costs as fixed costs are spread across large production volumes. However, electric arc furnaces allow for greater flexibility when production volumes change, and they are less energy- and labor-intensive.ArcelorMittal generates roughly half of its sales in Europe, one third from North and South America combined, and the balance from...

Andrew Lane

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 fr...

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

ValuEngine Rating and Forecast Report for MT

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Dave Nicoski ...
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Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Jérôme VINERIER

Short term view - ARCELOR MITTAL : The major resistance has been reached, it causes the fall.

The trend is still bearish. No indicator nor pattern are questioning it. The invalidation is above €30.70. The target is at €25.10Arguments :- The major resistance has been reached, it causes the fall.

Shelley Moen

Vermilion Int'l Compass: Global Equity Strategy

Weekly summary of Vermilion's global technical equity strategy calls, including sector weightings, from both a top down and bottoms up perspective. For a trial to Vermilion Research visit our website at www.vermilioncap.com or contact our sales team at (952) 922-7500.

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