ArcelorMittal Shares Hit New 5-Year High, Up 112% in One Year
The Luxembourg-based steelmaker reaches a new five-year high during the session, extending its rally from recent weeks. The stock is performing well in a positively oriented Paris market, while significantly distancing itself from its moving averages. This momentum follows several recent financial and strategic operations.
A Five-Year Record Extending a Spectacular One-Year Rally
ArcelorMittal shares gained 0.65% to €58.46 in mid-afternoon trading, after hitting €59.06 during the session, a five-year high (previous record was €58.82 yesterday). The stock now shows a 14.05% increase over the week and 112.1% over the year, in a CAC 40 that is up 0.86%. This movement follows financial operations conducted this month, including the sale of 10% of Vallourec's capital at €24 per share on May 19, which generated about $667 million in gross proceeds. A week earlier, the group also raised one billion dollars through a bond issue at 5.375%, enhancing its financial flexibility. Operationally, the first quarter accounts published on April 30 showed a net profit of $575 million and an EBITDA per ton up $15 from last year, at $131.
Stock Significantly Deviates from Its Moving Averages, RSI at 64
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At €58.46, the price is above its three moving averages, with a gap of 10.80% over the MM20 (€52.76) and 13.21% over the MM50 (€51.64). The gap to the MM200, at €38.59, exceeds 51%, reflecting the magnitude of the rally over twelve months. The RSI at 64 indicates a marked bullish momentum without entering a characterized overbought zone. The stock has just crossed the resistance threshold identified at €58.24, paving the way for exploration of areas not seen since 2021. The sector context remains mixed: Brent crude is down more than 5% in the session, at $94.52 a barrel, which could reduce some of the energy costs for the steel industry. The next milestone for investors will focus on confirming the maintenance of this new level above €58.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ 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.
