ArcelorMittal Shares Gain 1.72% to €48.41 but Fall 3.76% Over the Week
The Luxembourg-based steelmaker gains 1.72% to €48.41 in mid-afternoon trading, after closing at €47.59 the previous day. The stock is down 3.76% for the week, following the April 30 earnings release. The CAC 40 is up 0.44% during the session.
A Stock Caught Between its 50-Day Moving Average and €42 Support
ArcelorMittal is now trading below its 50-day moving average, set at €49.17, after breaking below it earlier in the week. The RSI at 49 indicates a lack of a dominant short-term trend. However, the price remains well above the 200-day moving average at €36.44, reflecting a long-term upward trajectory (+78.77% over a year). Bollinger Bands frame the stock between €41.52 and €54.14, with the price in the upper half of the channel. The technical support identified at €42.01 remains distant from the current price. The rebound today does not offset the downward trend that began after the quarterly release on April 30, which revealed a negative free cash flow of $1.3 billion for the quarter, despite a net profit of $575 million.
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During the third quarter 2025 release, the group confirmed a 2025 investment envelope ranging from $4.5 to $5.0 billion, with $1.4 to $1.5 billion earmarked for strategic projects and $0.3 to $0.4 billion for decarbonization. The management maintains its policy of returning at least 50% of the annual free cash flow after dividends. Growth projects are expected to contribute an additional $0.8 billion in EBITDA targeted for 2026. Among the risks mentioned at the time: the pressure from tariffs and competition from imports, in a context where European trade measures and the CBAM mechanism are identified as levers to support profitability in Europe. The next key date is scheduled for July 30, 2026, with the publication of the second quarter results.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Les investissements dans de nouveaux fours à arc électrique augurent de meilleures performances.
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
