ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.
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Ukraine launches more than 800 drones at Russia, at least 6 killed
Russia said it shot down more than 800 Ukrainian drones overnight in Ukraine's largest air attack on Russia, with at least six people killed. TASS reported that this was Ukraine's biggest drone attack since the start of the year, with many drones targeting the Moscow area. Andrey Vorobiev, governor of the Moscow region, said air defense forces and electronic warfare units shot down and disabled 187 drones over the Moscow region. A warehouse of Wildberries, Russia's equivalent of Amazon, was hit and a major fire broke out. Ukraine claimed it struck seven of Wildberries' ten largest logistics centers, and the warehouse attacked on Sunday covered 250,000 square meters. Russia's Defense Ministry said drones were intercepted over 17 regions, with one death in the Moscow region and five in the Rostov region, where Ukraine's military said a solid rocket fuel production facility was hit. On Sunday, Marisks, a maritime risk management agency, said a Greek oil tanker was attacked while moored at a buoy near Russia's Novorossiysk port. The company said the vessel was hit twice and that Ukraine was highly likely responsible, but there was no confirmation yet on the weapon used, the extent of damage, the crew's condition, or the cargo's status. Meanwhile, Russia continued to attack Kyiv with a combination of missiles and drones. President Volodymyr Zelensky said six people were injured in Sunday morning's attack, and the cities of Kremenchuk, Kryvyi Rih, and Sumy were also hit by ballistic missiles. Two people were killed in Kryvyi Rih and one in Sumy. According to ArcelorMittal, 13 employees at its steel plant in Kryvyi Rih were injured and one was killed. An air force statement said Ukraine failed to shoot down a single ballistic missile fired at it overnight, again underscoring its shortage of interceptor missiles. According to Zelensky, Russia fired more than 1,550 attack drones, nearly 1,560 guided aerial bombs, and 62 missiles at Ukraine over the past week. The Defense Ministry in Bucharest said an unidentified drone was shot down over Romanian airspace on Sunday, intercepted by Spanish F-18 fighter pilots on a NATO air policing mission. It was the fourth drone shot down over Romania this year.
ArcelorMittal Expands Microsoft Partnership to Modernize IT with Azure AI
ArcelorMittal is expanding its partnership with Microsoft, adding Microsoft Fabric, Purview, and Foundry to its Azure-based "Cloud First, Data Centric" strategy to modernize IT systems and embed AI across global operations. Financial terms were not disclosed. Chief Information Officer Nik Puri said the deal is about fundamentally reshaping the IT operating model and embedding data and AI into the core of how the company runs its IT estate. Microsoft's EMEA president, Samer Abu-Ltaif, said ArcelorMittal is proof that ambitious companies are moving beyond experimenting with AI to build their business around it from the ground up. Insider Monkey's hedge fund database shows Microsoft had 282 hedge fund holders as of Q1 2026, down from 312 the prior quarter, while ArcelorMittal had 28, up from 25.
ArcelorMittal to Trade Ex-Dividend on August 7 for $0.15 Quarterly Payout
ArcelorMittal SA will trade ex-dividend on August 7, 2026, for its quarterly dividend of $0.15 per share, payable on September 9, 2026. The dividend represents approximately 0.20% of the recent stock price of $74.27, with an annualized yield of 0.81%. Shares were down about 1.4% on Thursday, trading at $74.35, near the 52-week high of $75.66 and well above the low of $31.93. MT makes up 5.67% of the VanEck Steel ETF, and a series of preferred stock trades under the symbol MTCN.
Microsoft Deepens AI Partnerships Amid Forecast of $500 Billion Chip Funding Wave
Citadel Securities projects up to $500 billion in debt issuance by 2028 to fund AI chip infrastructure, with Microsoft expected to be a major participant. Microsoft is expanding AI-driven product integrations across Microsoft 365 Copilot and Azure with companies such as LegalZoom, Paychex, and ArcelorMittal, deepening its role in enterprise workflows and cloud partnerships as businesses adopt AI tools across legal, HR, and industrial use cases. The stock last closed at $492.81, with a return of 25.3% over the past week, 26.2% over the past month, and 54.7% over the past three years. The combination of large-scale AI infrastructure financing and new cloud partnerships gives Microsoft additional avenues to deepen its AI ecosystem, potentially influencing its competitive position in enterprise software, cloud services, and AI tools.
Global Iron and Steel Casting Market to Reach USD 320.07 Billion by 2035
The global iron and steel casting market is projected to grow from USD 185.79 billion in 2025 to USD 320.07 billion by 2035, at a compound annual growth rate of 5.59%, according to a new report by Custom Market Insights. The market is expected to reach USD 196.17 billion in 2026. Growth is driven by rising demand for durable, cost-effective metal components in automotive, construction, machinery, and infrastructure sectors, along with technological advancements in casting processes. Gray iron castings held the largest product segment share in 2025, while North America and Asia Pacific are identified as key growth regions. The report covers segmentation by material type, casting process, application, end use, and region, and profiles major players including ArcelorMittal, POSCO, and Nucor Corporation.
Alibaba, Bristol-Myers Squibb, and eBay lead premarket movers
Several stocks made notable premarket moves on Monday. U.S.-listed shares of Alibaba gained 4% after the company unveiled its new Qwen3.8-Max AI model, one of the most powerful in its portfolio, set for official release next week. Bristol-Myers Squibb jumped more than 5% while AstraZeneca fell more than 4% following a Financial Times report that the two pharmaceutical companies were in merger talks. eBay tumbled more than 3% after Wells Fargo downgraded the stock to underweight from equal weight, citing that the acquisition of Depop will lead to weaker earnings in fiscal year 2027 and potentially increased marketing spend. Ferguson Enterprises rose nearly 8% on news it will join the S&P 500, replacing Electronic Arts before the opening bell on Wednesday. ArcelorMittal was up more than 2% after announcing a deepened technology partnership with Microsoft, whose Azure platform will modernize the steelmaker's systems. Memory stocks were broadly lower, with SanDisk and Micron Technology down more than 3% and Seagate Technology off 2.5%. Circle Internet Group declined 5% after Morgan Stanley downgraded the stablecoin issuer to underweight, pointing to tactical and structural headwinds including a weaker outlook for USDC in circulation in 2027.
ArcelorMittal Expands Microsoft Partnership to Drive AI-Powered Growth
ArcelorMittal has expanded its collaboration with Microsoft to accelerate AI-supported growth. Microsoft Azure will become the steelmaker's primary cloud platform, supporting the modernization of core IT systems, data consolidation, and the adoption of AI and advanced analytics across its global operations. The company will also integrate Microsoft Fabric, Purview, Foundry, and other Azure services to drive innovation, enhance cybersecurity, improve operational efficiency, and reduce reliance on legacy IT systems. ArcelorMittal's stock ended Friday's trading at $70.14 on the NYSE, up 1.2 percent, and rose a further 3.4 percent in overnight trading to $72.52.
ArcelorMittal reports $2.1 billion EBITDA in second quarter
ArcelorMittal S.A. reported improved financial performance in the second quarter, with EBITDA reaching $2.1 billion. The result reflects positive momentum across all business segments, with a margin of $155 per ton that management said is well above previous through-the-cycle averages. The European segment delivered EBITDA of $98 per ton, a three-year high, driven by an improved policy backdrop and early signs of benefits from the new Tariff Rate Quota trade tool. The company guided for third-quarter shipments to be stable to higher than the second quarter, a counter-seasonal outcome, and expects to capture an additional $400 million of strategic EBITDA in the second half, part of a $1.8 billion incremental target from growth projects starting in 2026. Free cash flow annualized at $2.5 billion in the first half, excluding seasonal working capital and strategic growth capital expenditures.
ArcelorMittal declares €0.15 dividend, stock still seen as undervalued
ArcelorMittal has declared a €0.15 cash dividend with an ex-date of 6 August 2026. The announcement follows a strong run for the stock, which has returned 12.22% over the past 30 days and 47.87% year to date, with a one-year total shareholder return of 108.28%. Despite these gains, the most followed narrative on the company pegs fair value at €62.10, slightly above the last close of €58.94, suggesting the stock is about 5.1% undervalued. The bullish case rests on major expansion in India and Brazil, where structurally growing steel demand from infrastructure and urbanization is expected to boost shipped volumes and profitability. Risks include heavier green capital expenditure and potential project delays that could pressure free cash flow.
ArcelorMittal publishes second quarter 2026 sell-side analyst consensus figures
ArcelorMittal has published its second quarter 2026 sell-side analyst consensus figures. The consensus, based on estimates from 13 brokers aggregated by Visible Alpha, projects EBITDA of $2,037 million, net income of $802 million, and earnings per share of $1.06. The estimates were recorded as of July 23, 2026, and reflect the views of analysts who cover the company on their own initiative. ArcelorMittal is not responsible for the accuracy of these forecasts and did not participate in their compilation.
EU to overhaul Emissions Trading System amid industry pushback
The European Commission will unveil an overhaul of the Emissions Trading System on Friday. The ETS, in place since 2005, puts a price on pollution by granting tradable permits, with current allowances trading at around €80 per ton, and aims to eliminate them by the end of the next decade. Industry heavyweights like ArcelorMittal and BASF, along with member states including Italy, Austria and Poland, argue the pace of environmentalism risks pushing industries out of Europe, while green energy firms and nations such as Spain, Sweden and the Netherlands insist the ETS is the cornerstone of the bloc's green transition. Expected revisions include greater transparency on how member states spend ETS revenue, additional help for heavy-emitting industries, and more free permits tied to new emissions conditions. The Commission will also propose new targets for electricity in final energy use as a direct alternative to fossil fuels.
ArcelorMittal completes first tranche of share buyback, launches second
ArcelorMittal has completed the first tranche of its 2025 to 2030 share buyback program, repurchasing 10 million shares at an average price of €49.32. The company also announced the immediate start of a second tranche to buy back up to an additional 10 million shares, following shareholder approval at the May 2025 annual general meeting. The repurchased shares are held in treasury and will be cancelled. Future buybacks will occur in periodic tranches through May 2030, subject to market conditions, shareholder authorization, and post-dividend free cash flow, with the goal of reducing share capital and meeting employee share scheme obligations.
French Stocks Mixed; ArcelorMittal Jumps 5.5% on JPMorgan Upgrade
French stocks were mixed in cautious trade Friday morning, with the CAC 40 edging up 0.07% to 8,332.27. ArcelorMittal surged 5.5% after JPMorgan upgraded the steelmaker to Neutral from Underweight and raised its price target to 46.10 euros from 42.70 euros. Saint-Gobain and Stellantis rose 1.7% and 1.5% respectively, while Thales fell nearly 2%. France's annual inflation rate eased to 1.8% in June from 2.4% in May, confirming preliminary estimates.
European Markets Close Higher on Easing Geopolitical and Rate Concerns
European stocks closed firmly higher on Friday as concerns over Middle East tensions eased and a smaller-than-expected rise in U.S. non-farm payrolls fueled hopes the Federal Reserve will not tighten monetary policy soon. The pan-European Stoxx 600 gained 0.68%, while Germany's DAX hit a new all-time high, rising 0.78%, and France's CAC 40 climbed 0.39% to its best level since February 2026. The UK's FTSE 100 added 0.25% and Switzerland's SMI closed 0.5% higher. Among individual movers, ArcelorMittal surged nearly 6% in Paris, E.ON jumped almost 4.5% in Frankfurt, and Stellantis shed nearly 4% in Paris. Final PMI data showed the eurozone private sector stabilized in June with a composite output index of 50.0, while the UK composite PMI fell to 49.3, marking a second month of contraction.
Three Euro Stoxx 50 Stocks Outpacing the Index: ArcelorMittal, Arm Holdings, Novartis
The Euro Stoxx 50 index has risen 8.2% through June 30, nearly matching the S&P 500's 9.3% gain, driven by a weaker dollar, valuation re-rating, increased EU defense spending, and hawkish rate policy. Three components have delivered index-beating returns over the past 12 months: ArcelorMittal, up more than 90%, with analysts projecting earnings growth over 49% in the next year; Arm Holdings, up over 220% in 2026, with projected earnings growth of approximately 77%; and Novartis, up about 14% in 2026, with expected earnings growth around 11%. ArcelorMittal, a Netherlands-based steel giant, has been boosted by Q1 earnings and a share buyback program, while Arm Holdings, an England-based semiconductor IP company, remains a core AI infrastructure play despite recent volatility. Novartis, a Swiss biopharma firm, offers defensive growth through innovation and dividends, though it faces biosimilar threats and significant R&D spending.
ArcelorMittal Shares Surge 41% in Six Months on Strong Production and Expansion
ArcelorMittal shares have surged 41.1% in the past six months, outperforming the Zacks Steel-Producers industry's 31.7% gain. The rally was driven by forecast-topping earnings, higher steel and iron ore production, record iron ore shipments from Liberia, and strong liquidity. Crude steel production rose 3.9% sequentially to 13.3 million metric tons in the first quarter of 2026, while total iron ore production reached 12.9 million metric tons, with Liberia achieving record volumes. The company ended the quarter with $4.36 billion in cash and total available liquidity of approximately $9.9 billion. ArcelorMittal is also expanding capacity with a new non-grain-oriented electrical steel facility in Alabama and remains on track for its Liberia iron ore expansion to exceed 20 million tons of full run-rate capacity in 2026.
ArcelorMittal and AWS partner on industrial AI and lower-carbon steel supply
ArcelorMittal has entered a strategic collaboration with Amazon Web Services to deploy cloud, artificial intelligence, and edge technologies across its global steelmaking operations. The initiative will converge operational and information technology on AWS infrastructure, enabling predictive maintenance, computer-vision quality control, process optimization, and digital twins at the point of production. AWS will also deliver a workforce education program to support AI adoption at scale. In a related multi-year Supply Framework Agreement, Amazon will purchase lower-carbon XCarb® structural steel from ArcelorMittal for its operations facilities and AWS data centers in Europe and the United Kingdom, supporting Amazon’s net-zero carbon goal by 2040.
ArcelorMittal Executive Chairman Lakshmi Mittal marks 20th anniversary with video address
ArcelorMittal has released a special video message from Executive Chairman Lakshmi Mittal ahead of its 20th anniversary on 31 July. In remarks delivered to the World Steel Dynamics annual Global Steel Dynamics Forum 2026 in New York, Mr Mittal reflected on the merger of Mittal Steel and Arcelor, stating it created a stronger, more resilient business that navigated the Global Financial Crisis, COVID-19, and the rise of China's steel industry. He noted that operating in 2026 is very different from 2006, with faster markets, greater technological change, and a more complex environment. Looking ahead, he expressed confidence in long-term steel demand driven by emerging markets like India, infrastructure renewal in developed economies, and the energy transition, while underlining the importance of domestic industrial policy. ArcelorMittal is one of the world's leading integrated steel and mining companies, with a presence in 60 countries and primary steelmaking operations in 14 countries, generating revenues of $61.4 billion in 2025.
ArcelorMittal, thyssenkrupp Steel and voestalpine call for urgent ETS reform
Three of Europe's leading steelmakers are jointly calling for urgent, pragmatic reform of the EU Emissions Trading System, warning that without adjustments the current trajectory risks destroying Europe's industrial base. ArcelorMittal Europe, thyssenkrupp Steel, and voestalpine, which together represent around 60% of Europe's integrated steel production, published their shared position in the Financial Times. They estimate that without reforms, the EU could face a 30–40% decline in steel-intensive manufacturing activity, putting up to 5 million jobs at risk across the value chain. The companies are calling for a temporary pause in ETS cost escalation until key enablers such as competitive electricity prices, affordable green hydrogen, and carbon capture and storage are in place, and for ETS revenues to be directed toward industrial decarbonisation.