Arcelor Mittal

ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
  • TickerMT
  • ISINLU1598757687
  • ExchangeEuronext Amsterdam
  • SectorIndustrial Metals & Mining
  • CountryLuxembourg
Emmanuel Matot

ODDO BHF Small & MIDCAP MORNING NEWS - 10/19/2020

Carbios is an innovative cleantech that is a pioneer in the introduction of enzymes for the recovery of plastics that have reached the end of their useful lives. Carbios’ goal is to become a global benchmark player in the recycling and biodegradation of plastics. To this end, the company benefits from the support of strategic partners (Novozymes, L’Oréal, Nestlé Waters, PepsiCo, etc.). We initiate coverage of the company with a target price of € 41.5. - ...

Alain William

ODDO : Liberty Steel intends to acquire ThyssenKrupp Steel: good news for the sector, but not a done deal

>Liberty Steel makes non-binding offer for ThyssenKrupp Steel - Liberty Steel Group announced on Friday that it had made a non-binding indicative offer (NBIO) with a view to acquiring ThyssenKrupp’s steel activities. Note that the NBIO is subject to certain assumptions on ThyssenKrupp Steel, which means that additional due diligence is required before presenting a potential binding offer. We do not know the price set by Liberty Steel. There has been an upsurge in Thys...

Emmanuel Matot

ODDO BHF Small & MIDCAP MORNING NEWS - 19/10/2020

Carbios est une cleantech innovante pionnière dans l’introduction d’enzymes pour valoriser les plastiques en fin de vie. L’objectif de la société est de devenir un acteur de référence mondiale dans le recyclage et la biodégradation des plastiques. Pour cela, elle bénéficie du soutien de partenaires stratégiques (Novozymes, L’Oréal, Nestlé Waters, PepsiCo…). Nous initions le suivi à l’Achat avec un OC de 41.5 €. - ...

Jérôme VINERIER

Analyse court terme - ARCELOR MITTAL : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 20,949 €. La tendance de fond serait remise en cause en cas de franchissement de 25,300 €.

Jérôme VINERIER

Short term view - ARCELOR MITTAL : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €20.949. The background trend would be questioned should prices rise above €25.300.

Jérôme VINERIER

Short term view - ARCELOR MITTAL : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €20.949, then €19.700. Passing €25.300 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ARCELOR MITTAL : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 20,949 €, puis 19,700 €. Le franchissement de 25,300 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Medium term view - ARCELOR MITTAL : Falling prices.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Alain William

ODDO : Liberty Steel intends to acquire ThyssenKrupp Steel: good news for the sector, but not a done deal

>Liberty Steel makes non-binding offer for ThyssenKrupp Steel - Liberty Steel Group announced on Friday that it had made a non-binding indicative offer (NBIO) with a view to acquiring ThyssenKrupp’s steel activities. Note that the NBIO is subject to certain assumptions on ThyssenKrupp Steel, which means that additional due diligence is required before presenting a potential binding offer. We do not know the price set by Liberty Steel. There has been an upsurge in Thys...

Alain William

ODDO : Liberty Steel souhaite acquérir ThyssenKrupp Steel. Une nouvelle positive pour le secteur. Mais ce n’est pas gagné

>Liberty Steel fait une offre non engageante pour ThyssenKrupp Steel - Liberty Steel Group a annoncé vendredi avoir fait une offre indicative non contraignante (Non-Binding Indicative Offer, NBIO) dans le but d’acquérir les activités sidérurgiques de ThyssenKrupp. Notons que la NBIO est soumise à certaines hypothèses sur ThyssenKrupp Steel, ce qui signifie qu'une due diligence supplémentaire est requise avant de présenter une offre contraignante potentielle. Nous n’av...

Alain William

ODDO : Q3 2020 previews: almost back to where we were

>Q3 2020 should see a return to nearly normal - Overall, steel groups have confirmed the recovery in business levels (and/or re-stocking) in most sectors and particularly in 1/ automotive, 2/ electrical household appliances, and 3/ construction. In contrast, sectors related to the investment cycle (capital goods) are picking up more slowly and, as expected, the aerospace and oil and gas sectors remain lacklustre. The rail segment has remained solid, even during the pa...

Alain William

ODDO : Preview du T3 2020 : presque comme avant

>Le T3 2020 devrait marquer le retour à une situation quasi normale - Les sociétés confirment, dans l’ensemble, la reprise de l’activité (et/ou le restockage) dans la plupart des secteurs et plus particulièrement ceux 1/ de l’automobile, 2/ de l’électroménager et 3/ de la construction. En revanche, les secteurs liés au cycle d’investissement (biens d’équipement) reprennent lentement tandis que, sans surprise, les secteurs de l’aéronautique et du pétrole & gaz restent ...

Alain William

ArcelorMittal : La cession d’AM USA coche beaucoup de cases. Opinion Achat réitérée

>Cession d’AM USA : une logique industrielle indiscutable - ArcelorMittal (AM) a annoncé hier la cession de sa division ArcelorMittal USA (AM USA) à Cleveland Cliffs qui devient, ainsi, le leader américain dans les aciers plats au carbone (16.5 Mt pro forma dont 10.5 Mt venant d’AM USA) devant Nucor (12.7 Mt) et US Steel (10.7 Mt). Cleveland Cliffs devrait également se renforcer dans le minerai de fer (28 Mt pro forma vs 20 Mt précédemment) avec une intégration vertic...

Pauline Delecourt

ArcelorMittal - Assemblée Générale des actionnaires du 13 Juin 2020

Conformément à la loi de 1er août 2019 transposant la directive SRD II en droit luxembourgeois, la société a adopté une politique de rémunération et a préparé un rapport rémunération 2019 des membres du Conseil et des membres du Comité Exécutif qui sont soumis pour la première fois à un vote consultatif des actionnaires. Dans l’ensemble, la structure et les montants de la rémunération du CEO ne sont pas satisfaisants. On regrettera le manque de communication de la société qui ne permet pas à l’actionnaire de comprendre comment a été déterminé le bonus et son lien avec les performances enregis...

Expert Corporate Governance Service (ECGS)

ArcelorMittal – AGM 13 June 2020

In accordance with the Shareholders Right Directive II (Directive (EU) 2017/828) as implemented by Luxembourg law on 1 August 2019 (the "Shareholders' Rights Law") ArcelorMittal has adopted a remuneration policy applicable for 4 years, in particular, to the members of the Board of Directors and the CEO. Furthermore, the Shareholders Right Directive II also requires an advisory vote on the Remuneration Report.   ITEM VI: The Company seeks shareholder approval of the Remuneration Report. The remuneration structure is not satisfactory and too short term. In addition, as the targets and outcomes...

Expert Corporate Governance Service (ECGS)

ArcelorMittal - Assemblée Générale des actionnaires du 7 mai 2019

Après le retour aux béné?ces après une perte historique de près de 8 milliards USD, ArcelorMittal a décidé de proposer la mise en place d'un dividende de 0,20 $ cette année, doublé par rapport à 2018. La société, après des années très difficiles, a réussi à maîtriser son endettement et à procéder pour la deuxième année à une distribution, même si elle reste très modérée. Nous recommanderons donc l'approbation à la résolution III. Proxinvest déplore depuis plusieurs années le montant excessif de jetons de présence, qui dépasse les 100 000 € par personne, ce qui crée une réelle dépendance écono...

Expert Corporate Governance Service (ECGS)

ArcelorMittal - AGM 07 May 2019

After a historic loss of nearly $ 8 billion in 2015, ArcelorMittal has decided to propose a dividend of $ 0.20 this year, doubled compared to 2018. The company, after difficult years, continues to control its debt and pays dividends for a second year, even if it remains very moderate. We will therefore recommend approval of the resolution III. For several years, ECGS has been complaining about the excessive amount of directors’ fees, which exceeds € 100 000  per person, as it creates a real economic dependence on the company. In addition, it is not indexed to real attendance. We therefore re...

ArecelorMittal - Assemblée générale des actionnaires du 07 mai 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - UniCredit - EN

Emmanuel Matot

ODDO BHF Small & MIDCAP MORNING NEWS - 10/19/2020

Carbios is an innovative cleantech that is a pioneer in the introduction of enzymes for the recovery of plastics that have reached the end of their useful lives. Carbios’ goal is to become a global benchmark player in the recycling and biodegradation of plastics. To this end, the company benefits from the support of strategic partners (Novozymes, L’Oréal, Nestlé Waters, PepsiCo, etc.). We initiate coverage of the company with a target price of € 41.5. - ...

Emmanuel Matot

ODDO BHF Small & MIDCAP MORNING NEWS - 19/10/2020

Carbios est une cleantech innovante pionnière dans l’introduction d’enzymes pour valoriser les plastiques en fin de vie. L’objectif de la société est de devenir un acteur de référence mondiale dans le recyclage et la biodégradation des plastiques. Pour cela, elle bénéficie du soutien de partenaires stratégiques (Novozymes, L’Oréal, Nestlé Waters, PepsiCo…). Nous initions le suivi à l’Achat avec un OC de 41.5 €. - ...

Jerôme Bodin ...
  • Matthias Desmarais
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 10/14/2020

Q3 results alone should not be enough to significantly deviate the Stoxx 600 from the fluctuation canal within which it has been trending since the beginning of the summer. It will mainly be the elements relating to Q4 and 2021 that will be scrutinised. To which sectors will we nevertheless have to be more attentive? An analysis of the price performance relative to that of EPS (vs market) leads us to examine the pleasant surprises within the sectors on which the market has shown itse...

An increasingly favourable environment allows ARCELORMITTAL to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of ARCELORMITTAL (NL), a company active in the Steel industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date July 17, 2020, the closing price was EUR 10.18 and its expected value was estimated at EUR 9.55.

An increasingly favourable environment allows ARCELORMITTAL to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of ARCELORMITTAL (FR), a company active in the Steel industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date July 17, 2020, the closing price was EUR 10.18 and its expected value was estimated at EUR 9.55.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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