ArcelorMittal (MT · NYSE)

Energy & MaterialsNYSE

Empire of Steel

The world's largest steelmaker outside China, forged for Europe's biggest shift in steel protection and demand in a generation.

ArcelorMittal SA

MT: NYSE

72.82 USD

+54.28%

year to date

Market Cap$46.95B

Avg Volume508.42K

Price$72.82+0.40%

P/E Ratio30.90ttm

Pricing delayed 20 minutes Sep 21, 2026, 6:51 PM

Europe's trade reset rewrites the economics
CBAM and 50% over-quota tariffs lift European pricing and volumes.
A capital-light reset of the cost base
Lower-carbon furnaces cut costs while net cash funds dividends and buybacks.
Many demand engines, one supplier
Defence, energy transition, data centres and reconstruction all pull steel demand higher.

Will the trade shield actually work?
Untested rules across 27 states may fail to curb imports.
Hard places: Ukraine and Italy
War damage and a nationalised Italian plant threaten output and costs.
A deeply cyclical business
Energy spikes, recession or Chinese dumping could crush margins.