ArcelorMittal SA (MT) Stock

ArcelorMittal is expected to recover in 2025 due to rising steel prices, a rebound in the European market, and strategic mergers and acquisitions. Although 2024 may present some difficulties, the company's solid cash flow, reduced debt, and efficient operations support a buy rating with a target price of $27.5. The growth of the European construction and automotive industries, along with expected interest rate cuts from the ECB and higher consumer spending, will be important factors.

According to Article 19(3) of Regulation (EU) No 596/2014 regarding market abuse, ArcelorMittal informs that share transaction notifications by Designated Persons, such as Directors or Executive Officers, can be found in the Luxembourg Stock Exchange's electronic database OAM at www.bourse.lu. Additionally, these notifications are also available on ArcelorMittal's website under the Investors section, specifically in Share Transactions by Management: https://corporate.arcelormittal.com/investors/corporate-governance/share-transactions-by-management.

Is ArcelorMittal expensive with a forward earnings ratio of six times in the next few years? Not really.

On December 11, 2024, LanzaTech Global, Inc. and ArcelorMittal S.A. announced that the Steelanol facility in Ghent, Belgium, has reached a significant milestone in ethanol production, allowing for large-scale shipping by barge. LanzaTech has taken ownership of the first shipment, which will be purified and sold to its CarbonSmart customers, including Coty. This success is part of their joint effort to create a sustainable ethanol supply chain in Europe.

Yesterday, ArcelorMittal announced the pricing of €500,000,000 in 3.125% notes that will mature on December 13, 2028 (referred to as the "2028 Notes"). They also priced another €500,000,000 in 3.500% notes that will mature on December 13, 2031 (known as the "2031 Notes"). Together, these are called the "Notes."

ArcelorMittal has released its financial schedule for 2025. The company will announce its earnings results on several dates: February 6 for Q4 and the full year of 2024, May 2 for Q1 2025, July 31 for Q2 and the first half of 2025, and November 6 for Q3 2025. Additionally, the Annual General Meeting of Shareholders is set for May 6, 2025.

MT is now focused on engineering projects and is looking into a step-by-step plan that starts with the construction of electric arc furnaces.

ArcelorMittal, the second biggest steel producer in the world, announced that it will postpone its plans to switch from coal-fired blast furnaces to hydrogen-powered ones due to insufficient support from the EU.

On November 26, 2024, at 08:30 CET, ArcelorMittal is sharing new information about its plans to reduce carbon emissions in Europe. The company has already stated its goal to invest in "hydrogen ready" DRI-EAF facilities, which will take the place of some blast furnaces in its European operations, marking an important first step in cutting emissions.