ArcelorMittal Stock News

TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is thrilled to announce that the Company has closed a C$6.6M strategic investment by world's leading steel and mining company, ArcelorMittal S.A., through ArcelorMittal XCarb S.à r.l‎. (“ArcelorMittal”) and ArcelorMittal's XCarb® Innovation Fund (the ...

Strategic partnerships established with runners up Carbon Upcycling and D-CRBN

ArcelorMittal benefited from the improved steel market conditions to deliver strong results in Q1 2023. With the CSP acquisition and two furnaces coming online in Europe, the company is strongly positioned for profitability improvement in the challenging second quarter. The valuation discount compared to U.S. peers expanded, which opens a 2x fundamental potential for MT stock.

ArcelorMittal, the second-largest steel manufacturing company globally, has achieved a Q1 EBITDA of $1.82bn and booked ~$1.1bn in net income, driven by its value creation strategy of decarbonization, strategic growth, and capital returns to shareholders. Despite underperforming in the steel industry, MT's strong financials and undervaluation make it a 'buy' recommendation, with a fair value of ...

19 May 2023, 18:45 CET ArcelorMittal (‘the Company') announces that upon mandatory conversion of the 24,290,025 outstanding 5.50% Mandatorily Convertible Subordinated Notes due 18 May 2023, it delivered a total of 57,057,991 treasury shares on 19 May 2023. The Company's updated shareholding structure is available on https://corporate.arcelormittal.com/investors/corporate-governance/shareholding...

ArcelorMittal MT, +1.12% said Thursday that its first-quarter sales and earnings declined, but still exceeded analysts' expectations as market conditions showed improvement.

28 April 202 3 , 1 7 : 30 CET

26 April 2023, 14:30 CET ArcelorMittal (‘the Company') has today published its 2022 integrated annual review. The review, which can be accessed here - annualreview2022.arcelormittal.com - underpins the Company's commitment to transparent reporting and is a key pillar in our commitment to engage stakeholders and communicate our financial and non-financial performance.