Arcelormittal (MT) news

S. Africa's Itac makes preliminary findings about steel dumping

The International Trade Administration Commission of South Africa (ITAC) has issued a preliminary finding indicating that certain thin, flat-rolled steel sheets imported from China are being dumped in the Southern African Customs Union (Sacu) market. These products, typically used in construction,…

ArcelorMittal to invest 4 bln to 5 bln reais in its Tubarao unit - Statement

ArcelorMittal’s Brazilian unit has announced plans to invest between 4 billion and 5 billion reais ($696 million to $879 million) in its Tubarão division, located in Espírito Santo state. The investment is part of the company’s broader strategic plan in Brazil, which includes a total investment of…

Russia assaults industrial site in Ukrainian city of Kryvyi Rih: Authorities

Russian forces launched a combined ballistic missile and UAV attack on the city of Kryvyi Rih in Ukraine on the night of 15-16 August, targeting industrial facilities, according to local authorities confirmed the attack . The attack resulted in two fatalities and at least 14 injuries, with rescue…

Morgan Stanley initiates ArcelorMittal coverage with overweight rating and target price $82

Morgan Stanley has initiated coverage of ArcelorMittal (NYSE: MT), assigning it an "overweight" rating and a target price of $82 per share. The firm cited the steel producer's strong positioning in a recovering global market and its disciplined capital allocation strategy as key factors in its…

ArcelorMittal (MT) remained flat in after-hours trading on August 20, changing 0.00%