Stock Data
$0.62 (0.85%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
STEEL
ArcelorMittal is a leading global steel and mining company, with a significant presence in the United States, Europe, and other parts of the world. It produces a wide range of steel products, including flat and long steel products for various industries like automotive, construction, and energy. Beyond steel, ArcelorMittal is involved in mining, offering iron ore and coal. Founded in 1976 and headquartered in Luxembourg, it plays a crucial role in serving the needs of diverse industries around the globe.
ArcelorMittal missed both top and bottom lines as EBITDA momentum swung sharply upward, raising odds of a second-half catch-up driven by new EU trade protections and restart of shuttered mills across Europe. Management is guiding for all segments to ship more in the second half than the first half, counter to seasonal trends.
ArcelorMittal is doubling down on shareholder returns with a second tranche of up to 10 million share buybacks now underway, signaling confidence ahead of Q2 results that Wall Street expects at $1.23 earnings per share on $16.9 billion in revenue.
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