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ArcelorMittal (MT)
After hours:
- Zacks
Is ArcelorMittal (MT) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Bloomberg
ArcelorMittal Sees Global Steel Demand Drop on Ukraine War
(Bloomberg) -- ArcelorMittal SA expects global steel consumption to contract this year as Russia’s invasion of Ukraine slows the economic rebound from the pandemic. Most Read from BloombergU.S. Forgives $6.8 Billion in Public Service Worker Student LoansFed Hikes Rates Half-Point as Powell Signals Similar Moves AheadElon Musk, Cathie Wood Say Passive Funds Have Gone Too FarAt 78, Investor Preps for ‘Biggest Bear Market in My Life’ Ukraine Latest: U.K., Japan to Help Asia Shift From Russian OilDe
- Reuters
ArcelorMittal increases buyback program, sees global steel dip
ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a sharp decline in the former Soviet Union countries. The change in global steel demand in 2022 will be between 0% and -1%, the company said. The Luxembourg-based company also increased its buyback program for 2022 to $2.0 billion, from $1.0 billion previously completed.
