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MT / Global Infrastructure Theme Is Manifested By ArcelorMittal

ArcelorMittal, the second-largest steel manufacturing company globally, has achieved a Q1 EBITDA of $1.82bn and booked ~$1.1bn in net income, driven by its value creation strategy of decarbonization, strategic growth, and capital returns to shareholders. Despite underperforming in the steel industry, MT's strong financials and undervaluation make it a 'buy' recommendation, with a fair value of $30.37, according to a discounted cash flow analysis. Risks and challenges for MT include input cost volatility, rising interest rates diminishing demand, and logistical or geopolitical risks affecting its international presence. Read More

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Content Topics

Global

Infrastructure

Theme

Manifested

Arcelormittal

Stock

MT

Posted: Jun 12 2023, 20:21

Author Name: Seeking Alpha

MT News

By Zacks Investment Research
October 11, 2023

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
October 5, 2023

ArcelorMittal's Intrinsic Value: A Value Investor's Delight

As the second biggest steel manufacturer in the world, ArcelorMittal uses its scale and vertical integrations to grow their top- and bottom-line. Due

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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