ArcelorMittal Shares Soar 6.36% at the Close of January 22, 2026
On Thursday, January 22, ArcelorMittal's stock crossed the 46 euros mark, closing the session at 46.35 euros after a 6.36% jump. Citi bank raised its price target to 55 euros from 45 euros previously, while maintaining its buy recommendation. This surge marks the sixth consecutive session of gains for the Luxembourg-based steel giant. Over three months, the stock has shown an increase of more than 41%, while the twelve-month gain now exceeds 100%.
Analyst Upgrades and Sector Reevaluation
This Thursday, Citi bank raised its target to 55 euros, following revisions from Jefferies and Goldman Sachs, which had set their respective targets at 44 and 36 euros on January 14. This flurry of adjustments occurs during a reevaluation of the European steel sector. Market expectations of improved market conditions are driven by the implementation of the Carbon Border Adjustment Mechanism in January 2026. The next key event anticipated by the markets is the publication of the 2025 annual results, scheduled for February 6, which will assess operational trajectory in a transforming environment.
Technical Indicators and Strategic Context
The RSI indicator now stands at 76, signaling an overbought zone after six consecutive green sessions. This setup reflects the intensity of recent buying and could prompt some participants to take profits. ARCELORMITTAL SA is trading well above its strategic moving averages, with the MM50 at 38.05 euros and the MM200 at 31.07 euros, confirming a favorable medium and long-term orientation. The breakthrough of the resistance threshold at 43.58 euros nevertheless validates the strength of the ongoing upward trend. The momentum of the stock is also part of a strategic context marked by the signing on December 26, 2025, of a Nuclear Production Allocation Contract with EDF for a duration of 18 years, allowing the group to secure its supply of low-carbon electricity. The first deliveries began on January 1, 2026.
