Arcelormittal Stock Price, News & Analysis

On November 3, 2021, at COP26, ArcelorMittal announced a CAD$205 million investment in its Port-Cartier pellet plant in Quebec, aiming to convert its 10 million tonne annual pellet production to direct reduced iron (DRI) pellets by 2025. The Quebec government will contribute up to CAD$80 million through an electricity rebate. This project is anticipated to reduce CO₂ emissions by 200,000 tonnes annually, equivalent to removing 57,600 cars from the road. Construction is set to create 250 jobs and positions the facility among the world's largest DRI pellet producers.

ArcelorMittal announces a share transaction notification in compliance with the Market Abuse Regulations. This transaction, linked to the company's ongoing share buyback program initiated on 29 July 2021, is aimed at maintaining significant shareholder voting rights at 36.34%. Details on the transaction are accessible on the Luxembourg Stock Exchange and the company’s website under the designated sections for investors. This move emphasizes ArcelorMittal's commitment to managing its equity effectively while keeping shareholder interests aligned.

ArcelorMittal received a shareholding notification from Société Générale SA on 29 October 2021, indicating the latter's entry into various financial instruments. The notification specifies that Société Générale reached a threshold of 5.10% of potential voting rights as of 26 October 2021. This notification complies with the Luxembourg Transparency Law regarding changes in shareholding structures. The details can be accessed through the Luxembourg Stock Exchange's OAM database and ArcelorMittal’s corporate website under the Investors section.

ArcelorMittal has released third-quarter 2021 consensus EBITDA estimates compiled by Vuma Financial Services, based on inputs from 18 sell-side analysts. The consensus EBITDA for the third quarter is estimated at $6,151 million. The estimates are derived from a group of approximately 15-20 brokers who continuously follow the company. ArcelorMittal notes that it is not involved in the collection of these estimates and does not endorse the analysts' views.

ArcelorMittal announced a share transaction involving its Designated Person as per the Market Abuse Regulations. This transaction is linked to the share buyback program initiated on 29 July 2021. The company’s Significant Shareholder will enter into a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal’s share capital. More information regarding the share buyback can be accessed on the Luxembourg Stock Exchange and ArcelorMittal’s corporate website.

ArcelorMittal announces a share transaction involving a Designated Person, aligning with its share buyback program initiated on 29 July 2021. This transaction enables ArcelorMittal’s Significant Shareholder to sell shares while maintaining a voting rights stake of 36.34% in the company's share capital. The relevant details of the transaction can be accessed through the Luxembourg Stock Exchange and ArcelorMittal’s website.

ArcelorMittal has announced a share transaction notification per the Market Abuse Regulations, detailing a share buyback program initiated on 29 July 2021. A significant shareholder will sell shares to maintain their voting rights at 36.34% of the company's share capital, net of treasury shares. The details are accessible via the Luxembourg Stock Exchange's database and ArcelorMittal's official website under Investors > Corporate Governance > Share Transactions by Management. This strategic move underscores ArcelorMittal's commitment to its buyback program.

ArcelorMittal reports a share transaction following its share buyback program launched on 29 July 2021. A Designated Person has confirmed a transaction available on the Luxembourg Stock Exchange and ArcelorMittal’s website. This transaction ensures that a Significant Shareholder maintains a 36.34% voting right in the company’s share capital, net of treasury shares. Details of the buyback program can be found on the investor relations section of the ArcelorMittal website.

ArcelorMittal has announced the appointment of Stefan Buys as Executive Vice President and CEO of ArcelorMittal Mining, effective October 1, 2021, following the retirement of Simon Wandke. Buys brings extensive experience from his previous role as managing director of Pilbara Mining at Rio Tinto and has held key positions at BHP and Xstrata. CEO Aditya Mittal expressed confidence in Buys' capability to lead the global mining sector, focusing on digital transformation and decarbonization.

In 2020, ArcelorMittal generated revenues of $53.3 billion.