HJBC ArcelorMittal's (NYSE:MT) Q2 2024 performance showed resilience, with the company achieving an EBITDA of $1.5 billion despite the impact of lower steel prices across all divisions. Although management expects a further EBITDA decline in Q3 due to continued price pressures and weak demand, steel prices appear to have stabilized at a cyclical low. Indeed, signs of market correction, such as trade protections and potential production cuts in China, position ArcelorMittal well for a rebound. The compan ...

Deutsche Bank analyst Bastian Synagowitz upgraded Arcelor Mittal NY MT to Buy from Hold and raised the price target from $29 to $31.Per the analyst, 75% of Arcelor Mittal’s steel earnings are tied into attractive markets that trade at a premium to the company.Despite this, valuation multiples of 3-4x EV/EBITDA are (wrongly) held hostage by the European business (literally priced at zero), the analyst writes.Synagowitz writes, weaker developed markets and a slowing Chinese sector have led to a significant co ...

文章核心观点 - 公司与两家可再生能源公司签订合同,共同开发总容量465MW的两个太阳能项目,相当于公司当前电力需求的14% [1][2][3] - 这些项目是公司实现电力自给自足和减碳目标的一步 [4] - 公司预计2024年下半年钢铁需求将高于2023年同期,但目前市场条件不可持续,欧美地区钢价低于边际成本 [6][7] 项目1 - 与Casa dos Ventos合作,在巴西东北部巴伊亚州建设200MW太阳能电站,预计2025年底前投产 [2] - 这是公司与Casa dos Ventos去年签订的554MW风电项目的延续 [2] 项目2 - 与Atlas Renewable Energy合作,在东部米纳斯吉拉斯州建设265MW太阳能电站,预计2025年底前投产 [3] - 项目建成后公司将拥有100%权益 [3] 行业展望 - 公司预计2024年全球钢铁需求(不含中国)将增长2.5-3%,低于此前3-4%的预期 [7] - 欧洲库存水平仍然较低,有望出现补库存需求 [7] 公司评级 - 公司目前被评为中性评级 [8] - 同行业中Carpenter Technology、Eldorado Gold和Agnico Eagle Mines被评为买入评级 [9][10][11][12]

StefanoZaccaria Dear readers/followers, It's time for another update on steel company ArcelorMittal (NYSE:MT). This is a business I've been covering for a number of years at this point, and have been investing in for some time as well. While I've already established a position, I believe the time has come for me to expand on that position even further. The reason? Valuation - the company has now dropped to levels where I would definitely consider the company not only cheap, but very cheap, and definitel ...

ArcelorMittal S.A. (MT) recently completed the acquisition of 65,243,206 shares, representing approximately 28.4% equity interest in Vallourec. This follows the signing of a Share Purchase Agreement on Mar 12, 2024, and the subsequent approval from relevant antitrust authorities and clearances under foreign investment regulations. The shares were acquired at €14.64 per share from funds managed by Apollo Global Management Inc for a total consideration of approximately €955 million (roughly $1,043 million), s ...

06 August 2024, 07:30 CET ArcelorMittal today announces that following the signature of a Share Purchase Agreement on 12 March 2024, and after the approval of relevant antitrust authorities and clearances under foreign investment regulations, it has completed the acquisition of 65,243,206 shares, representing c.28.41% equity interest in Vallourec, for €14.64 per share from funds managed by Apollo Global Management Inc., for a total consideration of approximately €955 million, subject to successful completio ...

文章核心观点 - 公司完成收购Vallourec约28.41%的股权,总交易金额约9.55亿欧元 [1][2][13] - 公司将委任3名高管进入Vallourec董事会 [2] - 公司未来6个月内不会对Vallourec剩余股份发起收购要约 [3] - 公司认为Vallourec在高质量管材市场具有优势地位,有望从新兴清洁能源市场获益 [4] - 公司近年在巴西和美国的收购表现良好,有多个有机增长项目即将完成,将进一步提升公司业务实力 [5] 公司概况 - 公司是全球领先的综合钢铁和矿业公司,在60个国家有业务,主要钢铁生产基地分布在15个国家 [6] - 公司是欧洲最大的钢铁生产商,在美洲也位居前列,在印度也有不断增长的业务 [6] - 2023年公司营收达683亿美元,粗钢产量5810万吨,铁矿石产量4200万吨 [7] - 公司的目标是生产更智能、更环保的钢材,支持社会向可再生能源转型 [8] 投资者关系 - 公司股票在纽约、阿姆斯特丹、巴黎、卢森堡等多个证券交易所上市 [9] - 投资者可通过公司网站和投资者关系团队获取更多信息 [9][10][11][12]

02 August 2024, 18:00 CET ArcelorMittal (the ‘Company') has today published its half-year report for the six-month period ended 30 June 2024. The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports > Half-year reports, and on the electronic database of the Luxembourg Stock Exchange (www.bourse.lu/). The report has also been filed on Form 6-K with the U.S. Securities and Exchange Commission (SEC) and is available on http://corporate.arcelormittal.com/ under Investor ...

02 August 2024, 18:00 CET ArcelorMittal (the ‘Company’) has today published its half-year report for the six-month period ended 30 June 2024. The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports > Half-year reports, and on the electronic database of the Luxembourg Stock Exchange (www.bourse.lu/). The report has also been filed on Form 6-K with the U.S. Securities and Exchange Commission (SEC) and is available on http://corporate.arcelormittal.com/ under Investor ...

ArcelorMittal S.A. (MT) recorded a net income of $504 million or 63 cents per share in second-quarter 2024 compared with $1,860 million or $2.21 per share in the year-ago quarter. The bottom line missed the Zacks Consensus Estimate of $1.12 per share.Total sales fell around 13% year over year to $16,249 million in the quarter. The figure also missed the consensus estimate of $16,911.4 million.Total steel shipments fell 2% year over year to 13.9 million metric tons in the reported quarter. The figure was abo ...