The Luxembourg-based steelmaker marks the second largest increase in the CAC 40 in early afternoon trading, at €53.34, while the Paris index drops 0.37%. The stock may be benefiting from the success of its $1 billion bond issue announced this Wednesday. Its one-year performance now stands at 90.91%.
ArcelorMittal confirmed this Wednesday the placement of a $1 billion bond issue at a rate of 5.375%, with proceeds aimed at meeting the general needs of the company. The Chinese context continues to send favorable signals about general industrial activity, with an official manufacturing PMI at 50.3 in April and industrial production up 5.7% year-on-year in March. For a steelmaker, these data can cautiously support the hypothesis of resilient industrial demand, although they are not sufficient to conclude a clear improvement in steel demand, as the PMI for the Chinese steel sector was below 50 in April.
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At €53.34, the price is significantly above its moving averages: +10.18% relative to the MM20 (€48.41) and +43.31% relative to the MM200 (€37.22). The stock is now in the upper range of the Bollinger Bands at 86%, close to the upper limit at €55.23, indicating a potential overbought configuration. The next technical zone to watch is the resistance at €56.92, about 6.7% above the current price. The RSI at 54 remains neutral, allowing some margin before a tension signal. The weekly rebound has reached 7.58%. The next official appointment: the publication of the second quarter 2026 results, expected on July 30, 2026.
Positive outlook across the near, medium and long term with robust shareholder returns and structurally higher quality earnings
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