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The recommendation is being revised
29.39 $
Price per share
Dividend income
ArcelorMittal sold by lots comprising 1 pc.
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Transforming tomorrow
Why invest in ArcelorMittal?
  • The largest metallurgy company across the globe
  • Number 152 among the largest companies by Forbes Global 2000 in 2018
  • The largest ROI across all competition
  • Over $16B market cap as of now

All the time
Recommendations of the largest investment banks
JP Morgan
Credit Suisse
24 $
Societe Generale
Financial indicators
23.23B $
P / E
75.42B $
Net profit
8.01B $
The general recommendation of investment banks


Based on the analytics from 7 of the world's largest investment banks over the past 3 months

Forecasted prices

Target price

34.76 $

(18.43% Growth potential)

Based on the data from 7 of the leading investment banks

ArcelorMittal is the world's leading steel manufacturing company headquartered in Luxembourg and producing approximately 10% of the world's steel. It was created in the early 21st century through the merging of Arcelor, a new Luxembourg owned company, and Mittal Steel, a giant Indian steel producer. The owner of the latter, Lakshmi Mittal, with 40% of its shares became chairman of the new corporation. The company specializes in coal and iron ore mining and processing all over the world, including the countries of the CIS. Soon after the merging, the company showed up negative trends owing to the difficult situation in global markets, it had to close entire factories. Ten years later its financial standing was stabilized, and in 2017 the company announced its annual profit. These days ArcelorMittal demonstrates overall progress in all indicators. China has become its principal partner, that's why the company is planning to open up new enterprises in that country. At the same time, new plants have been acquired in the USA and Italy. ArcelorMittal shares have good growth prospects - in spite of the general decline in the steel industry, the company has yielded positive results in a short period of time. In 2017 the company's net income amounted to $4.5 billion. All funds are invested in research and development of new steel grades for the automotive industry. Among over 200 steel varieties, ArcelorMittal has released a high-strength one which is one-third stronger than steels that came out before.

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