ArcelorMittal Shares Soar 97% Over the Year, Approaching €56
The Luxembourg-based steelmaker continues its rally in the mid-afternoon, following a CAC 40 which is up 0.76% at 8,068.82 points. The stock is up 1.02% at €55.46, bringing its annual increase to nearly 97%. The movement continues from the previous day's jump, following a billion-dollar bond issue.
Stock Price Nears Technical Ceiling of €56.92 After Twelve Months of Rally
ArcelorMittal is now at the top of its bullish channel. At €55.46, the stock is significantly above the MM20 (€48.68, nearly 14% gap) and MM50 (€50.37, 10% gap), confirming a strong short-term dynamic. The gap to the MM200, at €37.36, reaches 48%, highlighting the magnitude of the rally over twelve months. The price is in the upper range of the Bollinger Bands (96% of the band), very close to the identified resistance at €56.92. The RSI at 61 remains below the overbought threshold, with no particular alerts. The increase of 96.88% over the year and 6.37% over three months indicates a continuous trajectory, fueled in recent days by Wednesday's surge (+4%) following the issuance of a 5.375% bond.
The Billion-Dollar Bond Issue Continues to Impact the Session
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Today's movement follows the billion-dollar bond issue placed on May 13 at a rate of 5.375%. The funds are intended for the general needs of the group, whose net debt stood at $9.3 billion at the end of March, after a seasonal investment of $1.5 billion in working capital reported during the first quarter results published on April 30 (net profit of $575M, EBITDA per ton of $131). In the background, the European session remains buoyant: the CAC 40 is up 0.76% and the DAX also by 0.76%, in a market environment supported by cyclical stocks (Stellantis +2.84%, STMicroelectronics +2.79%). The next financial appointment is scheduled for July 30, 2026, with the publication of the second quarter results.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ 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.
