{"id":18813,"date":"2023-06-06T07:13:23","date_gmt":"2023-06-06T11:13:23","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/whats-new-with-arcelormittal-stock\/"},"modified":"2023-06-06T07:13:24","modified_gmt":"2023-06-06T11:13:24","slug":"whats-new-with-arcelormittal-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18813","title":{"rendered":"What\u2019s New With ArcelorMittal Stock?"},"content":{"rendered":"
\n

ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a bit this year, amid easing supply chain issues and lower commodity price inflation following the Fed\u2019s rate hikes over the past year. Moreover, the company\u2019s Q1 2023 results were weaker than expected as the company witnessed price erosion and weaker year-over-year shipments due to maintenance at two of the company\u2019s furnaces in Europe. While revenue was down by almost 15% versus last year to $18.5 billion, net profit declined by roughly 75% to $1.1 billion. Total steel shipments stood at 14.5 million metric tons, marking a decline of almost 6% versus last year. So what\u2019s the outlook like for ArcelorMittal?<\/p>\n

Although we believe that steel prices are likely to remain below average levels seen in early 2022 when the start of the Ukraine war bolstered prices, there are some trends that could help ArcelorMittal. Firstly, ArcelorMittal expects its steel shipments, excluding China, to rise by 5% this year. While this will be partly driven by growing consumption it will also be driven by restocking as inventory levels have been below average across the industry. Production costs are likely to trend a bit lower, as energy prices cool off, particularly in Europe, with natural gas prices coming in at around pre-Ukraine war levels. Moreover, the macro-environment also doesn\u2019t appear to be as bad as previously feared. The U.S. Fed has also eased the pace of its interest rate hikes given slowing inflation. This could also bode well for the broader economy and commodity players such as ArcelorMittal. Automotive sales are also likely to pick up in 2023, driven by higher semiconductor supply and this could also benefit ArcelorMittal\u2019s flat-rolled product line.<\/p>\n

We remain positive on U.S. ArcelorMittal stock with a $31 price estimate, which is 10% ahead of the current market price. The company has cut its debt, with net debt declining from about $10 billion in 2018 to about $5 billion at the end of the last quarter, which should be manageable even in the current rising interest rate environment. The stock also trades at just about 5x consensus 2023 earnings, which is attractive in our view, even when considering the cyclical nature of the steel sector. See our analysis of ArcelorMittal Valuation<\/strong>: Is MT Stock Expensive Or Cheap?<\/strong> for a closer look at what\u2019s driving our price estimate.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Here\u2019s a high-quality portfolio<\/strong> that\u2019s beaten the market consistently since 2016.<\/p>\n

<\/fbs-ad><\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a bit this year, amid easing supply chain issues and lower commodity price inflation following the Fed\u2019s rate hikes over the past year. Moreover, the company\u2019s Q1 2023 results were weaker than expected […]<\/p>\n","protected":false},"author":1,"featured_media":18814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-18813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhat\u2019s New With ArcelorMittal Stock? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=18813\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s New With ArcelorMittal Stock? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=18813\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-06T11:13:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-06T11:13:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686050004_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18813#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18813\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"What\u2019s New With ArcelorMittal Stock?\",\"datePublished\":\"2023-06-06T11:13:23+00:00\",\"dateModified\":\"2023-06-06T11:13:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18813\"},\"wordCount\":440,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=18813#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18813\",\"url\":\"https:\/\/ifintechworld.com\/?p=18813\",\"name\":\"What\u2019s New With ArcelorMittal Stock? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-06T11:13:23+00:00\",\"dateModified\":\"2023-06-06T11:13:24+00:00\",\"description\":\"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=18813#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=18813\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=18813#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What\u2019s New With ArcelorMittal Stock?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What\u2019s New With ArcelorMittal Stock? | iFintechWorld","description":"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=18813","og_locale":"en_US","og_type":"article","og_title":"What\u2019s New With ArcelorMittal Stock? | iFintechWorld","og_description":"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a","og_url":"https:\/\/ifintechworld.com\/?p=18813","og_site_name":"iFintechWorld","article_published_time":"2023-06-06T11:13:23+00:00","article_modified_time":"2023-06-06T11:13:24+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1686050004_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=18813#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=18813"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"What\u2019s New With ArcelorMittal Stock?","datePublished":"2023-06-06T11:13:23+00:00","dateModified":"2023-06-06T11:13:24+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=18813"},"wordCount":440,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=18813#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=18813","url":"https:\/\/ifintechworld.com\/?p=18813","name":"What\u2019s New With ArcelorMittal Stock? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-06T11:13:23+00:00","dateModified":"2023-06-06T11:13:24+00:00","description":"ArcelorMittal has traded roughly flat this year, underperforming the broader indices amid mixed signals in the steel sector. Steel prices have softened a","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=18813#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=18813"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=18813#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"What\u2019s New With ArcelorMittal Stock?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18813"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18813\/revisions"}],"predecessor-version":[{"id":18815,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/18813\/revisions\/18815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/18814"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}