ArcelorMittal Shares Drop 4.11% to €52.74 After a 87% Yearly Rally
The Luxembourg-based steelmaker faces a significant correction this Friday midday. The stock fell by 4.11% to €52.74, in a CAC 40 that is down by 1.36% at 7,972.12 points. The decline follows a spectacular rally that had pushed the stock close to €56 the previous day.
A Significant Correction Among the Sharpest Declines in the CAC 40 This Friday
ArcelorMittal's stock is among the sharpest declines in the CAC 40, just behind STMicroelectronics (-4.62%) and ahead of Schneider Electric (-2.9%). This movement contrasts with the dynamics of previous sessions, which were marked by an annual increase close to 87%. The session's context is unfavorable for European cyclical stocks, with the SBF 120 down by 1.34%. Moreover, Brent continues its rise to $109.11, up 2.36% over 24 hours, fueling nervousness over energy-intensive industrial stocks. Despite today's drop, the stock still shows a year-on-year increase of +87.95% and maintains a gain of 1.15% over three months. The recent bullish sequence was driven by the successful placement of a one billion dollar bond issue announced on May 13.
The Stock Remains Well Above Its Moving Averages Despite the Downturn
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At €52.74, the price remains above its 20-day moving average (€49.00, a +7.63% difference) and its 50-day MA (€50.55). The gap with the 200-day MA at €37.50 still reaches +40.64%, illustrating the strength of the rally over the past year. The RSI at 61 moves out of the tense zone, a coherent signal with profit-taking after the recent rise. In the Bollinger Bands, the stock operates in the upper part (74%), between the median and the upper boundary at €56.92. The technical resistance identified at €55.66 curbed the previous day's progress and now serves as the reference ceiling. The next key date for stockholders will be the publication of the second quarter 2026 results, expected on July 30.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ 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.
