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MT / ArcelorMittal S.A.: Attractive Price Point To Get In At Right Now

ArcelorMittal S.A. has seen growth in steel consumption, leading to increased revenues and earnings, and has bought back a significant amount of shares, reducing shares outstanding by around 12% YoY. The company's Q1 2023 results showed a recovery in steel shipments and volumes, growing 12.7% QoQ, and a QoQ EPS increase from $0.3 in Q4 2022 to $1.28 in Q1 2023. ArcelorMittal is rated a buy due to its strong financial state, aggressive share buybacks are happening to boost investors' value. Read More

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Posted: Jul 14 2023, 19:47

Author Name: Seeking Alpha

MT News

By Zacks Investment Research
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New Strong Sell Stocks for October 11th

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

By Seeking Alpha
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ArcelorMittal's Intrinsic Value: A Value Investor's Delight

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By Seeking Alpha
September 21, 2023

ArcelorMittal: A Solid Steel Play, That Simple

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 trend

By Forbes
September 20, 2023

What's New With ArcelorMittal Stock?

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

By Reuters
August 16, 2023

Steel union head calls ArcelorMittal bid for US Steel 'foolish'

United Steel Workers (USW) International President Tom Conway on Wednesday called ArcelorMittal's bid consideration for U.S. Steel "foolish" and said

By Reuters
August 16, 2023

Exclusive: ArcelorMittal weighs possible bid for US Steel -sources

ArcelorMittal SA , the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp , people familiar with the matter said

By Zacks Investment Research
July 31, 2023

ArcelorMittal's (MT) Q2 Earnings Beat Estimates, Sales Miss

The decrease in sales of ArcelorMittal (MT) is primarily due to lower average steel selling prices and lower steel shipments in Q2.

By Zacks Investment Research
July 27, 2023

ArcelorMittal (MT) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for ArcelorMittal (MT) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to co

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