Arcelormittal Stock News

Ontario’s quest to replace coal-fed coke ovens and blast furnaces with new, low-emission technology got a major boost on Tuesday, contributing up to $500 million in loan and grant support to Hamilton’s ArcelorMittal Dofasco plant.

HAMILTON — Ontario is giving $500 million in loans and grants to ArcelorMittal Dofasco to make its steelmaking process greener. The $1.8-billion project will replace coal-fed coke ovens and blast furnaces with low-emission technology.

A whale with a lot of money to spend has taken a noticeably bullish stance on ArcelorMittal . Looking at options history for ArcelorMittal (NYSE: MT ) we detected 11 strange trades. If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish. From the overall spotted trades, 5 are puts, for a total amount of $258,014 and 6, calls, for a total amount of $302,408. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been … Full story available on Benzinga.com

ArcelorMittal (MT) announced a new share buyback program of $1B wherein shareholders authorization was granted in June 2021.The program is expected to be completed during 1H22.The

ArcelorMittal's (MT) Q4 results benefit from higher average steel pricing. The company raises dividends and announces a new $1-billion share buyback program.

ArcelorMittal Nippon Steel India expands presence to J&K; opens retail outlet

Fourth-quarter steel shipments from ArcelorMittal''s NAFTA segment fell 5.8% year on year, excluding the impact of prior-year shipments from the former ArcelorMittal USA operations, it said Feb. 10. NAFTA crude steel production totaled 2 million mt in Q4, down 0.7% from Q4 2020, and also when adjusted to exclude US operations it sold to Cleveland-Cliffs in December 2020. Crude steel

SAO PAULO (Reuters) – Steelmaker ArcelorMittal will invest some 1.3 billion reais ($250.51 million) to expand output at a plant located in the Brazilian state of Rio de Janeiro, it said on Thursday.

ArcelorMittal Nippon Steel (AMNS) India reported a 21% sequential dip in operating profits as a dip in steel prices and higher input costs ate into the margins. However, the company reported a record performance for complete year 2021, as per a presentation from parent ArcelorMittal.“The most significant of our JV and Associate assets is our 60% equity interest in AMNS India,” an ArcelorMittal presentation read. The company achieved record levels of production, shipments, and EBITDA during the year, it said.ArcelorMittal follows a January-December financial cycle.“This is a competitive asset, in a high growth market. Our plans to reinvest the cash being generated at AMNS India’s to fund its capacity expansion is expected to create significant value for ArcelorMittal shareholders,” the presentation further read.The India unit of the multinational steel major reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $435 million (Rs 3,270 crore) during the December quarter, down 21% sequentially but up 59% year-on-year.

ArcelorMittal's (MT) CEO Aditya Mittal on Q4 2021 Results - Earnings Call Transcript

The company has achieved record production, shipments and Ebitda in 2021

ArcelorMittal Earnings, Revenue Beat in Q4

The company had posted a net income of USD 1,207 million in the year-ago period. Sales rose to USD 20,806 million in October-December 2021, over USD 14,184 million in the year-ago period.

The company had posted a net income of USD 1,207 million in the year-ago period