ArcelorMittal Stock News

United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal's bid consideration for U.S. Steel "foolish" and said the union wouldn't endorse any buyers other than Cleveland-Cliffs.

Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.

ArcelorMittal SA MT is considering a potential offer for U.S. Steel Corp. X, Reuters reported Wednesday citing people familiar with the matter. That would be a third proposal for U.S. Steel, which has received offers from Cleveland-Cliffs Inc. CLF and privately held Esmark Inc. for more than $7 billion.

ArcelorMittal SA , the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp , people familiar with the matter said on Wednesday.

2 8 July 202 3 , 16 :45  CET

Luxembourg, Ju ly 27, 20 23 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world's leading integrated steel and mining company, today announced results1 for the three-month and six-month periods ended June 30, 2023.

ArcelorMittal S.A. has seen growth in steel consumption, leading to increased revenues and earnings, and has bought back a significant amount of shares, reducing shares outstanding by around 12% YoY. The company's Q1 2023 results showed a recovery in steel shipments and volumes, growing 12.7% QoQ, and a QoQ EPS increase from $0.3 in Q4 2022 to $1.28 in Q1 2023. ArcelorMittal is rated a buy due ...

ArcelorMittal together with the Indian Institute of Technology Madras (IIT Madras) will identify, support and mentor start-ups focused on the most promising industrial decarbonisation technologies in India