ArcelorMittal Shares Soar 12% Following US-Iran Ceasefire
Shares of the Luxembourg-based steelmaker surged this Wednesday morning on Euronext Paris, amid a geopolitical context shaken by the announcement of a ceasefire between the United States and Iran. At €51.06, the stock shows an increase of 11.88% compared to the previous day's close, bringing its annual gain to over 131%.
Ceasefire Announcement Drives Market Surge
The announcement on April 8 of a ceasefire agreement between Washington and Tehran, following more than five weeks of strikes on Iranian territory, is the main catalyst for the session. The prospect of reopening the Strait of Hormuz, through which about a fifth of the world's oil transits, immediately caused Brent crude to drop by 15%, down to $92.99 per barrel. For an energy-intensive group like ArcelorMittal, whose production costs are closely linked to energy prices, this easing in energy commodities is seen as a directly favorable factor for margins. The CAC 40 is up by 4.37% in the session, in a broad movement that benefits industrial stocks: Schneider Electric is up 8.08% and Airbus 7.08%. The talks scheduled for Friday in Pakistan, under the mediation of this country, will determine the strength of this agreement and the effective confirmation of the reopening of the strategic passage.
Stock Recovery Following Correction Phase
Before this rebound, the steel giant's stock was in a correction phase. The Relative Strength Index (RSI) was at 34, a level close to the oversold zone — generally set below 30 — indicating intense selling pressure over the past weeks. The price had approached its 50-day moving average at €48.39, and remained well above the 200-day moving average (€35.88), indicating that the long-term trend remains bullish. At €51.06, ArcelorMittal repositions itself in the middle of its Bollinger Bands, between the lower bound at €39.76 and the upper bound at €59.41, in a neutral zone. The next important milestone for the group will be the publication of its first quarter 2026 results on April 30, which will provide concrete elements on the impact of the Middle East conflict on its activities and outlook.
