ArcelorMittal share declines nearly 7% over the week
The Luxembourg steelmaker is losing ground on Monday, in a session marked by heightened volatility on global markets. The decline is part of an already difficult week for the stock, which loses nearly 7% over seven days.
A weekly decline of nearly 7% that brings the stock below its 20-day moving average
ArcelorMittal declines 2.67% to €62.64 during the session, following a close on Friday at €64.36. This movement brings the weekly loss to 6.84%, erasing a large portion of gains achieved over the quarter (+3.37% over three months). The stock has fallen below its 20-day moving average (€64.12), with a gap of -2.31%, which reflects a deterioration in short-term momentum.
The 50-day moving average at €61.44 continues to support the price from below, with the stock remaining above this medium-term reference (+1.95%). The support level at €60.74 constitutes the next level to monitor in case of accelerating decline, while resistance at €67.54 remains still distant. The RSI at 52 signals neither oversold nor overbought conditions, leaving the configuration in a neutral zone despite the magnitude of the weekly decline.
A market context under high monetary and energy tension on Monday
The September 14 session is taking place in a particularly turbulent environment: the CAC 40 declines 0.83% during the session, while the VIX jumps 14.33% to 18.11, signaling a notable increase in risk aversion. This week concentrates meetings of the Fed (Wednesday), the Bank of England (Thursday) and the Bank of Japan (Friday), as American inflation stands at 3.4% year-over-year in August, reinforcing expectations for an additional rate increase. The oil shock adds additional pressure to the overall context: Brent reaches $107.55 per barrel on Monday, up 2.81% during the session, under the effect of new Houthi attacks against Saudi infrastructure and persistent tensions around the Strait of Hormuz.
For a steelmaking group like ArcelorMittal, whose energy costs and global financial conditions directly weigh on margins, this combination of unfavorable macroeconomic signals fuels operator caution. When publishing first-half 2026 results (July 30), the group displayed a confident profitable trajectory in the medium term. Over one year, the stock still maintains a gain of 111.7%, testifying to the strength of the momentum underway for several quarters, and the 200-day moving average at €51.93 remains well below the current price, with a gap of over 20%.
