MT Stock Recent News

MT, BAK and CSL have been added to the Zacks Rank #5 (Strong Sell) List on November 10, 2023.

Although the revenue and EPS for ArcelorMittal (MT) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MT, ETD and HRL have been added to the Zacks Rank #5 (Strong Sell) List on November 3, 2023.

MT, CASS and HTLD have been added to the Zacks Rank #5 (Strong Sell) List on October 27, 2023.

MT, HTZ and TSLA have been added to the Zacks Rank #5 (Strong Sell) List on October 24, 2023.

NVO, MT and PRPL have been added to the Zacks Rank #5 (Strong Sell) List on October 11, 2023.

As the second biggest steel manufacturer in the world, ArcelorMittal uses its scale and vertical integrations to grow their top- and bottom-line. Due to macroeconomic uncertainty and volatility in the steel market, steel investments in general require added caution. Due to its strong balance sheet, low debt and decent returns, ArcelorMittal is an undervalued steel buy.

ArcelorMittal is a global powerhouse in the steel industry, with a market cap of over $21 billion. MT is well-positioned to capitalize on global trends, such as increased construction expenditures driving steel demand. The company has shown strong financial performance, with declining net debts, increasing shareholder value, and record-breaking earnings in 2021.

ArcelorMittal has declined by about 3% this year, underperforming the broader indices amid mixed performance of the steel sector.

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.