ArcelorMittal shares fall 2% and remain below their three moving averages
The steelmaker slips to the lower part of the CAC 40 early in the afternoon, in a Paris market that is flat. The stock is trading below its short- and long-term benchmarks, two days ahead of its third-quarter results.
Price below the MA20, MA50 and MA200 after a one-month decline
ArcelorMittal shares fall 1.95% to €54.42, while the CAC 40 drops 0.06%. The decline places the stock below its three moving averages: the MA20 at €55.27 is 1.5% above the price, and the MA200 at €55.43 is 1.8% above.
The stock had returned to touch this level in late October, with a rebound of nearly 3%, but failed to hold it durably. Over one month, the loss reaches 5%, although the week remains positive at +3%. The support at €52.82, broken intraday on October 28, lies about 3% below the current price.
Analysts' expectations ahead of the November 5 results
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The group will publish its third-quarter results on November 5. The sell-side analyst consensus, published on November 2 and compiled by Visible Alpha, projects EBITDA of $1,972 million. It already incorporates the shutdown of the Ukrainian Kryvyi Rih site, announced on September 25, whose non-cash charges are excluded from the adjusted indicators.
At the first-half results, published on July 30, 2026, management displayed a confident tone regarding its outlook. Brent, at $105 per barrel, is down 5% over one week.
Positive outlook across the near, medium and long term with robust shareholder returns and structurally higher quality earnings
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