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ArcelorMittal - MT STOCK NEWS

Welcome to our dedicated news page for ArcelorMittal (Ticker: MT), a resource for investors and traders seeking the latest updates and insights on ArcelorMittal.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ArcelorMittal's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ArcelorMittal's position in the market.

News
ArcelorMittal completes sale of ArcelorMittal Temirtau
Rhea-AI Summary
ArcelorMittal (MT) completes sale of ArcelorMittal Temirtau to Qazaqstan Investment Corporation, receiving $286 million in consideration, $250 million in repayment of dues, and a guaranteed payment of $450 million. QIC assumes control of Temirtau's operations, with ArcelorMittal making a $35 million donation to the Kazakhstan Khalkyna Foundation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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News
ArcelorMittal S.A.: ArcelorMittal announces financial calendar for 2024
Rhea-AI Summary
ArcelorMittal (MT) Announces 2024 Financial Calendar: Earnings Results and Annual General Meeting Dates
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
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News
ArcelorMittal S.A.: ArcelorMittal announces the first industrial production of ethanol
Rhea-AI Summary
ArcelorMittal (NYSE: MT) achieves a historic milestone by announcing the first industrial production of ethanol at its Steelanol plant in Europe, a carbon capture and utilization (CCU) project. The plant captures carbon-rich industrial gases from steel production at ArcelorMittal Gent and converts them into ethanol using LanzaTech's carbon biorecycling process. This achievement marks a significant step towards the full commissioning of the plant, with the capacity to produce 80 million liters of advanced ethanol, contributing to efforts to decarbonize the chemical sector worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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none
News
ArcelorMittal S.A.: ArcelorMittal enters the additive manufacturing industry as a steel powder supplier
Rhea-AI Summary
ArcelorMittal (MT) announces entry into additive manufacturing (AdM) market by building an industrial-scale atomizer in Spain to produce high-quality steel powders for multiple AdM technologies such as LPBF, BJ, and DED. The atomizer will start production in January 2024 with an initial annual capacity of 1000 tonnes, enabling the company to supply significant volumes of steel powders with consistent quality, reliability, and traceability. A new business unit, ArcelorMittal Powders, has been established to commercialize the output of the atomizer, catering to industries such as aerospace, defense, automotive, medical, and energy. The company aims to advance sustainability in additive manufacturing by producing powders from scrap steel, using renewable electricity, and recyclable packaging solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
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News
ArcelorMittal S.A.: ArcelorMittal reports third quarter 2023 results
Rhea-AI Summary
ArcelorMittal (MT) reports 3Q'23 financial results and announces a comprehensive safety audit following a tragic accident at the Kostenko coal mine in Kazakhstan. Despite a decline in steel shipments and operating income, EBITDA and net income remain above historical averages. The company is committed to learning from the tragedy and remains positive on the medium/long-term steel demand outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
earnings
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News
ArcelorMittal S.A.: ArcelorMittal announces the publication of its third quarter 2023 sell-side analyst consensus figures
Rhea-AI Summary
ArcelorMittal has published its third quarter 2023 sell-side analysts' consensus figures. The consensus estimates for 3Q'23 are: EBITDA of $1,815 million, net income of $909 million, and earnings per share of $1.10. The consensus is based on estimates from 10 sell-side analysts. ArcelorMittal is not involved in the collection or compilation of the estimates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
earnings
News
ArcelorMittal S.A.: Blackrock Inc. shareholding notification
Rhea-AI Summary
ArcelorMittal received a shareholding notification from BlackRock, Inc., stating that they reached a threshold of 5.72% potential voting rights on October 30, 2023. The notification is available on the Luxembourg Stock Exchange's OAM electronic database and the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
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News
Statement regarding tragic accident in Kazakhstan
Rhea-AI Summary
ArcelorMittal confirms a tragic accident at its Kostenco coal mine, resulting in 25 confirmed deaths and 21 missing employees. 206 people were safely evacuated. The company expresses deep devastation and pledges support for the affected families. ArcelorMittal and the government of Kazakhstan have signed a preliminary agreement to transfer ownership of ArcelorMittal Temirtau to the Republic of Kazakhstan, aiming to minimize disruption and prioritize the best interests of employees and communities.
Rhea-AI Impact
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End-of-Day
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News
ArcelorMittal S.A.: Blackrock Inc. shareholding notification
Rhea-AI Summary
ArcelorMittal received shareholding notifications from BlackRock, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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none
News
ArcelorMittal S.A.:   Blackrock Inc. shareholding notification
Rhea-AI Summary
ArcelorMittal received a shareholding notification from BlackRock, Inc. indicating a 5.68% voting rights threshold reached on 23 August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
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Stock MT logo
ArcelorMittal

NYSE:MT

MT Rankings

#498 Ranked by Market Cap
#2072 Ranked by Stock Gains
#1425 Ranked by Dividends

MT Stock Data

22.30B
478.49M
4.57%
0.74%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
Luxembourg
24 26 Boulevard Davranches

About MT

ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel.