ArcelorMittal Shares Rise 4.52% Mid-Day After Better-Than-Expected Results
ArcelorMittal shows strong progress this Thursday mid-day, driven by the publication of third-quarter results that exceeded market expectations. The steel giant's stock is gaining ground while European markets are lagging, benefiting from constructive guidance from the management for the year 2026.
Mid-Day Trading Performance
At mid-day, ArcelorMittal is trading at 33.96 euros, up 4.52% from the previous close of 32.49 euros. This day's gain occurs in a context of general weakness in the equity markets: the CAC 40 is down by 0.51%, while London and Frankfurt are losing ground. ArcelorMittal thus significantly outperforms its benchmark index. In terms of trading volume, it remains measured at 0.13% of the capital, illustrating moderate investor mobilization despite the results publication. In the longer term, ArcelorMittal consolidates an upward trajectory. Over the last three months, the stock has risen by 27.48%. Over twelve months, the gain reaches 47.46%, well beyond the 8.45% of the CAC 40. This gap illustrates ArcelorMittal's outperformance relative to its index and reflects a gradual market confidence in the stock despite the cyclicality of the steel sector. Technically, ArcelorMittal is approaching a critical area. The short-term resistance is at 35.30 euros, while the support remains at 30.58 euros. The current price is thus approaching this first bullish barrier.
Quarterly Financial Results
The results published this Thursday morning justify the current market optimism. ArcelorMittal recorded an EBITDA of 1.51 billion dollars for the third quarter of 2025, surpassing the consensus of 1.46 billion established among 15 analysts. Although this figure marks a decline of 19% sequentially and 4% annually, its relative quality in a traditionally weak quarter is significant. Steel deliveries in Europe have dipped according to seasonal dynamics, while prices in Brazil have also retreated. The group's revenue stood at 15.7 billion dollars, slightly down from the previous quarter but up 3% annually. Steel shipments decreased to 13.6 million tonnes. The net result shows 377 million dollars, down from the second quarter (1.79 billion) but improved from the previous year (287 million). The management displays affirmed confidence for 2026. Despite persistent obstacles related to tariffs and challenging market conditions, the group perceives signs of stabilization. Aditya Mittal, the group's CEO, anticipates more favorable industrial policies in key markets. Strategic growth projects from recent acquisitions are expected to increase EBITDA potential by 2.1 billion dollars, with 700 million expected in 2025 and 800 million in 2026.
Technical Analysis
Technically, ArcelorMittal is trading above its 50-day (31.44 euros) and 200-day (28.27 euros) moving averages, confirming a bullish structure. The RSI, at 44, shows no overbought condition. The stochastic generates a buy signal while the MACD histogram, slightly negative at -0.23, indicates relative caution. The Bollinger Bands frame the stock between 32.15 and 34.31 euros, with the price positioned near the upper band. Monthly volatility remains contained at 8.68%.
