ArcelorMittal Shares Surge by 3.5%, Claiming the 2nd Spot in the CAC 40
The Luxembourg-based steelmaker marks a significant rebound in mid-morning trading, climbing to the forefront of the Paris index. The stock recovers some of the losses accumulated over the past month, as European macroeconomic signals indicate a more favorable outlook on inflation.
The Stock Climbs to the Second Rank of the CAC 40 and Rebounds After a Tough Month
ArcelorMittal's stock gains 3.5% to €53.86, up from €52.04 the previous day. The stock ranks second in the CAC 40, just behind Carrefour (+4.65%), while the Paris index itself is up by 0.71%. Today's movement mitigates the 10.3% decline recorded over the month, though it does not completely reverse the correction: the stock is still slightly down for the week (-0.66%). Over the year, the performance remains impressive, with a gain of more than 104%.
The rebound occurs in a European macroeconomic environment that appears more favorable. Inflation in the eurozone was reported at 2.8% in June, below the consensus of 3.0%, according to Eurostat's rapid estimate published today. In Sintra, Christine Lagarde noted that the risks concerning inflation and growth now seem 'more broadly balanced.' This context benefits European cyclical stocks, of which the steelmaker is a prominent example.
RSI at 38 and a 50-Day Moving Average at €54.91 Frame the Rebound in a Zone of Relative Overselling
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In terms of indicators, the stock remains below its short-term moving averages despite today's rise. The price is 4.35% below the 20-day moving average (€56.31) and 1.91% below the 50-day moving average (€54.91), the latter being the first technical threshold to reclaim for confirming the recovery. The 200-day moving average at €44.74, well below the current price, highlights the strength of the underlying trend, with a gap of over 20%. An RSI of 38 indicates the relative overselling accumulated during June's consolidation, providing a technical framework for the observed rebound.
On the fundamental side, the steelmaker announced on June 22 a strategic collaboration with Amazon Web Services to deploy AI and cloud technology across its sites in 14 countries, accompanied by a supply agreement for low-carbon steel XCarb. The joint calls for a reform of the European carbon market made in June continue to underpin sectoral debates. The next significant event for the group is the 20th anniversary of its merger on July 31.
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.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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.
