|Bid||8.35 x 3100|
|Ask||9.38 x 4000|
|Day's range||8.25 - 8.60|
|52-week range||6.64 - 24.20|
|Beta (5Y monthly)||2.12|
|PE ratio (TTM)||N/A|
|Earnings date||20-Feb-2017 - 26-Feb-2017|
|Forward dividend & yield||0.20 (2.33%)|
|1y target est||18.13|
ArcelorMittal South Africa has issued force majeure notices to customers and suppliers "where appropriate" as a nationwide three-week lockdown impacts Africa's biggest steel producer. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. ArcelorMittal South Africa also said on Friday it has cut salaries for all employees, effective this month, for a "likely" period of three months.
Further to the statement issued on 19 March, ArcelorMittal today provides an update on the impact of COVID-19. Firstly, we would like to recognise the resilience and flexibility of our global workforce, whose health and well-being is our first priority. Where assets continue to operate, we are following the recommendations from government as well as the World Health Organisation (‘WHO’).
Continued build-up of China steel inventories due to rising production coupled with softer domestic demand is likely to hurt steel prices.
ArcelorMittal (‘the Company’) takes the risks associated with the coronavirus outbreak very seriously and the safety and wellbeing of our employees is of paramount importance. At all global operations we are following government and World Health Organisation advice and guidelines in order to protect employees and prevent the spread of infection. Given the extent of the outbreak, the health and safety implications, and particularly the impact it is having on several European countries in which ArcelorMittal operates, the Company is taking steps to reduce production from its European operations to ensure the wellbeing of our employees is maintained and that production is aligned with demand.
17 March 2020, 08:45 CET On 17 March 2020, AMNS Luxembourg Holding S.A. (“AMNS”), the parent company of the AMNS India joint venture in partnership with Nippon Steel.
ArcelorMittal today calls for member states and MEPs to support the introduction of a carbon border adjustment (CBA), as part of the European Commission’s €1 trillion Green Deal, aimed at making the bloc carbon neutral by 2050. In a manifesto published today, ‘Creating a low carbon world, the case for a Carbon Border Adjustment’, ArcelorMittal sets out its firm belief that a CBA should be one of the first Green Deal measures adopted by the new European Commission, as it will help to create the market conditions and protections needed for companies to make investments and transition to carbon neutrality without disruption.
ArcelorMittal has today launched a new group website, developed around the company’s purpose of ‘Inventing smarter steels for a better world’. The site showcases the role that steel can play in a future low-carbon, circular economy; outlines how ArcelorMittal is embracing technology developments to address trends that will shape the future; and demonstrates the critical role ArcelorMittal’s products play in supporting societal transformation.
ArcelorMittal said on Wednesday it had signed a deal that would see a significant injection of Italian state funding into the Ilva steelworks and would suspend a bid to walk away from the troubled plant, which it took over in 2018. The accord provides a respite in the four-month dispute that has seen ArcelorMittal threatening to hand back Ilva to the government after disagreements over plans to rescue the plant that was losing 2 million euros (1.71 million pounds) a day last year. The deal will see Rome taking an equity stake at least equal to Arcelor Mittal's remaining liabilities against the original purchase price for Ilva.
ArcelorMittal announces that AM InvestCo and the Ilva Commissioners have today signed an amendment (the ‘Amendment Agreement’) to the original lease and purchase agreement for Ilva. The Amendment Agreement outlines the terms for a significant investment by Italian state-sponsored entities into AM InvestCo, thereby forming the basis for an important new partnership between ArcelorMittal and the Italian government. The equity investment by the Italian Government in Ilva, to be captured in an agreement (the 'Investment Agreement') to be executed by 30 November 2020, will be at least equal to AM InvestCo’s remaining liabilities against the original purchase price for Ilva.
ArcelorMittal has published its annual report for the year ended 31 December 2019. ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
3 March 2020, 15:15 CET ArcelorMittal has filed its Annual Report 2019 on Form 20-F with the U.S. Securities and Exchange Commission (SEC). The report is now available on.
Lower steel prices hurt ArcelorMittal's (MT) Q4 results. However, it expects apparent steel consumption to witness growth in the core markets in 2020.
ArcelorMittal , the world's largest steelmaker, forecast increased demand and a drop in its debt levels this year after earnings beat forecasts at the end of 2019, lifting its shares. Market conditions remained challenging, Chief Financial Officer Aditya Mittal told a conference call, although there were early signs of improvement, particularly in ArcelorMittal's core markets of the United States, Europe and Brazil. Mittal said destocking accounted for at least half of the demand declines from its three main markets last year.
Luxembourg, February 6, 2020 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading.
ArcelorMittal confirms that it has given notice that it will redeem all of the outstanding 6.250% Notes due February 25, 2022 (CUSIP: 03938LAX2; ISIN: US03938LAX29) (the “6.250% Notes”) on March 9, 2020 (the “Redemption Date”). Following prior tender offers, the current outstanding principal amount of the 6.250% Notes is U.S.$ 659,157,000 (original issuance of U.S.$1,100,000,000). The 6.250% Notes shall be redeemed at a price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the Remaining Scheduled Payments (as defined in the Indenture) of the Notes to be redeemed, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the indenture dated as of May 20, 2009, as supplemented by the fifth and sixth supplemental indentures, each dated as of February 28, 2012, each between the Company and HSBC Bank USA, National Association) plus 50 basis points (the “Redemption Price”), in each case plus accrued and unpaid interest thereon to the Redemption Date.
30 January 2020, 17:45 CET ArcelorMittal today announces the publication of its fourth quarter 2019 EBITDA sell-side analysts’ consensus figures. The consensus figures are.
An Italian court ruled on Tuesday that one of three blast furnaces at ArcelorMittal's Ilva steel plant need not be shut down despite concerns it was in breach of safety rules, throwing a lifeline to the loss-making plant in southern Italy. The decision overturns a previous order from a local magistrate that the furnace should be closed after the death of a worker at Europe's biggest steel plant in the city of Taranto. The ruling removes a potential hurdle in talks between state-appointed commissioners managing the Ilva plant and ArcelorMittal to revive a 2018 deal for the world's biggest steelmaker to buy the loss-making steelworks.