ArcelorMittal is a global leader in the steel and mining industry, specializing in the production of a wide range of steel products that serve various sectors, including construction, automotive, and appliances
The company operates a vast network of steelmaking facilities, mining operations, and distribution centers worldwide, enabling it to supply high-quality steel and iron ore to meet the demands of its diverse customer base. With a strong commitment to sustainability and innovation, ArcelorMittal focuses on advancing environmentally friendly practices and developing advanced materials to enhance performance and reduce the carbon footprint of steel production.
The steelmaker announced that it expects to generate free cash flow (FCF) during 2025 and beyond. It also said that it would distribute half of post-dividend FCF to shareholders through share buybacks.
ArcelorMittal South Africa announces plans to wind down its Longs Business by January 2025, affecting around 3,500 jobs. The company cites high logistics, energy costs, and low-cost imports from China as key factors for this decision, with major economic consequences for the Newcastle region.
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
Companies Reporting Before The Bell • Ares Management (NYSEARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.
Steel is a foundational building material and a major market commodity with important taxing rules and import guidelines, the enforcement of which benefits economic advancement and safeguards the nation's infrastructure.
U.S. Steel accused Cleveland-Cliffs of sabotaging a deal, but Cliffs presents evidence countering the claims and criticizes U.S. Steel's mismanagement. ArcelorMittal is testing a carbon capture unit, U.S. GoldMining prepares for field season, and Southern Copper's Tia Maria mine is expected to break ground.
Arcelor Mittal's stock surges in premarket trading after projecting 3%-4% steel demand growth in FY24, supported by upbeat Q1 results and optimistic outlook.
Shares of Skillsoft Corp. (NASDAQSKIL) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued FY25 revenue guidance below estimates.
Quarterly results for Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden's joint venture, Metallus' sustainability efforts, ArcelorMittal's safety audit, and an analyst's update on Gatos Silver.
Explore the dynamic landscape of the steel industry as it undergoes consolidation, highlighted by key acquisitions like Nippon Steel's purchase of U.S. Steel and Acerinox's strategic expansion.
