ArcelorMittal (ADR) (MT)
Produces flat, long and tubular steel while mining iron ore and processing downstream products.
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Produces flat, long and tubular steel, mines iron ore, and processes or distributes downstream products for automotive, construction, energy and other industrial customers. Operations span Europe, the Americas, India and joint ventures, with steel demand, energy costs, trade policy and carbon regulation shaping performance.
Organizes operations across North America, Brazil, Europe, India and joint ventures, Sustainable Solutions, and Mining. Flat, long and tubular steel serve automotive, construction, energy, packaging and machinery customers, while mining supplies iron ore and downstream units provide tubes, tailored blanks, processing and distribution.
Runs primary steelmaking across multiple continents, with Europe the largest external-sales region and substantial businesses in the Americas. Integration from raw materials through steelmaking and first-stage transformation supports product breadth, while a global research network develops steelmaking, mining and decarbonization technologies.
Depends on steel demand, raw-material and energy costs, trade defenses, carbon policy, safe operation of mines and mills, and reliable logistics. Lower-carbon investment also depends on renewable power, hydrogen economics, border measures and customer willingness to pay.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 24, 2026 | Morgan Stanley | Initiate | Rating: —Target: — | Target: $82 |
| Jul 31, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $70 | Target: $75 |
| Jul 10, 2026 | JP Morgan | Upgrade | ||
| Jul 9, 2026 | Wells Fargo | Reiterate | Rating: —Target: $60 | Target: $62 |
| Jul 7, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $49 | Target: $70 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.90B · Total debt $14.42B · Total assets $99.15B · Shareholders' equity $54.82B
- Revenue
- $16.76B
- Operating income
- $1.06B
- Net income
- $683.0M
HistoryDividendAnnual yieldUpcoming
| Institutions | 4.92% | 37.46M ADS | |
|---|---|---|---|
| 347 holders · as of Jun 30, 2026 | |||
| Other | 95.08% | 723.64M ADS | |
| remainder | |||
761.10M ADS as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 1.50% | 11.39M ADS | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 0.43% | 3.25M ADS | as of Jun 30, 2026 |
Maple Rock Capital Partners Inc.Institution | 0.29% | 2.19M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.20% | 1.50M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.19% | 1.47M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- POSCO (ADR)
Integrated rival across mobility, energy and low-carbon steel
- Nucor
Broad North American rival in sheet, long and construction steel
- Cleveland-Cliffs
North American rival in automotive flat steel and iron ore inputs
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ArcelorMittal (ADR) | $72.96 | +0.57% | $55.21B | 30.7 | — | 0.9 | +5.2% |
| POSCO (ADR) | $58.37 | +0.52% | $17.57B | 15.4 | 15.7 | 0.3 | +4.3% |
| Nucor | $244.01 | +0.66% | $55.20B | 19.3 | 11.5 | 1.5 | +23.0% |
| Cleveland-Cliffs | $12.43 | +2.98% | $6.89B | — | 20.2 | 0.4 | +5.9% |
| Median | 17.4 | 15.7 | 0.4 | +5.9% |