ArcelorMittal's Stock Rises 1.91% to €50.18 After $575M Profit
The Luxembourg-based steelmaker regains momentum this Monday mid-session, bucking the trend of a declining CAC 40, down by 0.53%. The stock is trading at €50.18, up 1.91% from the last close. This movement follows the announcement of a quarterly net profit of $575M in a sectoral climate marked by Brent crude at around $108.
A Technical Rebound After a Weekly Decline
ArcelorMittal gains 1.91% to €50.18 after a slight weekly decline of 0.59%. The RSI at 34 indicates a configuration close to overselling, consistent with the consolidation movement observed since the end of April. The price is slightly above the 50-day moving average (MM50) of €48.39 and well above the 200-day moving average (MM200) of €35.88, confirming the underlying bullish trend, with the stock still showing an 85.3% increase over the year. The support level at €42.01 remains distant, with technical resistance at €56.92. The one-month volatility is at 10.72%, not particularly excessive given the annual price range.
Q1 Results and Energy Background
Today's movement follows the April 30 quarterly earnings release, which reported a net profit of $575M and an EBITDA per ton increase of $15 year-over-year, to $131. The quarterly free cash flow was negative at $1.3B, linked to seasonal investment in working capital. During this release, the company confirmed a Capex for 2025 between $4.5B and $5.0B, with $0.3B to $0.4B dedicated to decarbonization, and anticipates an additional $0.8B in EBITDA in 2026 from growth projects. Concurrently, Brent crude around $108 and the ECB's maintenance of key interest rates on April 30 contribute to a context of imported inflation likely to impact the margins of energy-intensive sectors. The next key date is set for July 30, 2026, with the publication of the second-quarter results.
