Arcelor Mittal New (MT)

UNDER 4 PE VERY UNDERVALUED $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

OWchy!! Big time/...

Bad Management with Lakshmi selling out U.S. interests to Cliffs for cheap and now selling the shares they received in exchange.

Lakshmi Mittal's brother was caught ripping off the Indian Govt. and Lakshmi is the one who is paying the debt.

It wouldn't surprise me to see MT cave entirely due to massive flooding in India together with bad management.

ArcelorMittal 4Q Sales Hit by Lower Steel Demand Due to Pandemic --

Commodity Comment
10:44 am ET February 11, 2021 (Dow Jones)

Luxembourg-based steel-and-mining company ArcelorMittal on Thursday said it that its fourth-quarter sales dropped to $14.18 billion from $15.51 billion, mostly due to the impact of the coronavirus pandemic on overall steel demand.


On 2020 steel shipments:


"Total steel shipments for 2020 were 69.1 million metric tonnes (Mt) representing a decrease of 18% as compared to 84.5 Mt in 2019. On a comparable basis, adjusting for the impact of the remedy asset sales related to the ArcelorMittal Italia acquisition in 2019 and ArcelorMittal USA sale in December 2020, steel shipments for 2020 declined by 16% to 60.1 Mt as compared to 71.3 Mt in 2019, primarily due to the impact of the Covid-19 pandemic and the slowdown that occurred in 1H 2020."

Get ready for the highest bull run since 2008... Steel prices are going through the roof with no relief in sight. Q earnings in early feb will crush expectations. Plus Biden's 2 trillion infrastructure plan. MT is the best steel play in the industry by far

Here we thought it would be U.S. Steel that Cliffs was aiming at but Wow! ArcelorMittal is a dream come true.

MT and Cliffs have been working side by side for decades mining the same dirt. The transition will be smooth and miners just ratified a new contract recently where miners have the same job and just a different hat.

All new Naval Vessels currently being built will now, all come from Cliffs deposits and steel. The entire armed forces is currently being built up across the board with Iron Range materials and steel.

Cliffs will be back to $50 then $100 once again.

Saving looks like MT will be acquired by CLF now after their AKS acquisition last year. Now #1 in US steel industry..

Very amazing news ...

Iron Ore is screaming at $114.56 a ton, yet all CME stocks continue to be ripped off by wall street. Unreal manipulation of securities.

Massive Naval contract to affect miners and steel-makers alike. All material from the Iron Range.

https://www.uppermichiganssource.com/content/news/President-Trump-to-visit-Fincantieri-Marinette-Marine-Thursday-571374371.html

Including US, G7 countries Central Bank will start to buy Bitcoin 2018.

http://www.gorket.com/2017/12/17/g7-central-banks-starts-to-buy-bitcoin-in-2018/

ArcelorMittal, the world's largest steelmaker, is likely to bid for stressed assets facing insolvency proceedings.

Among the 12 stressed accounts referred by the Reserve Bank of India for insolvency proceedings, five are from the steel sector: Bhushan Steel, Essar Steel, Bhushan Power & Steel, Monnet Ispat & Energy, and Electrosteel Steels.

In July, a team from SBI Capital Markets, which is advising lenders on restructuring packages for some of these companies, had visited London to meet ArcelorMittal's senior management.

The idea was to get ArcelorMittal to participate when the assets came up for bidding.

An e-mail to ArcelorMittal went unanswered.

Sources indicated that ArcelorMittal could be interested in Bhushan Steel or Essar Steel, depending on valuation, and was in discussion with a leading bank to evaluate and advise on the stressed asset buy.

Bhushan Steel has a steelmaking capacity of 5.6 million tonnes while Essar Steel has a capacity of 10 million tonnes.

Bhushan Steel's debt in 2015-2016 was Rs 44,478 crore (Rs 444.78 billion). Essar Steel's Rs 37,284 crore (Rs 372.84 billion).

ArcelorMittal has been trying to gain a foothold in India for a while now.

It signed a memorandum of understanding with the Jharkhand government in 2005 to set up a 12 million tonne plant in the state.

A year later, the company signed another MoU with the Odisha government for a similar-sized plant in that state.

Neither project made much headway.

In 2009, ArcelorMittal bought a 33.8 per cent stake in Mumbai-based galvanised steelmaker Uttam Galva Steels and a year later signed yet another MoU with the Karnataka government for a six million tonne steel plant, but that too remained a non-starter.

The company is now in talks with public sector Steel Authority of India for an automotive steel manufacturing joint venture.

Discussions have been on for some time though a breakthrough is expected in the next couple of months.

Bhushan Steel or Essar Steel could provide ArcelorMittal an entry into a growing market.

According to the World Steel Association, steel production in India is projected to grow at 6.1 per cent, the highest rate among the top 10 steel using countries.

The estimate for 2018 is 7.1 per cent.

If ArcelorMittal bids for Bhushan Steel it may be pitted against JSW Steel.

Recently, a consortium, including JSW Steel, lost out to another consortium led by ArcelorMittal for Italian steel plant Ilva.

New estimates for FY2017:

My estimates are around $8.5B. with an EV/Ebitda of 7, the stock should be trading around 45 bucks.

with EPS estimates at $4 this would imply a PE of 11 which is not high when compared to peers...

I'm impatiently waiting for the debt upgrade to investment grade levels and for the divy that should be restated I hope beginning of next year...

Still curious about how they are going to manage ILVA... they said it should be ebitda accretive already this year... let's wait and see... I have faith in this management... for the moment wink

In the mean time, I'm holding my 5000 shares... at least for the coming 12 months as long as the story doesn't change...

Superdrive

Now if trump could just grow up a little bit...

Infrastructure in the US... Economic growth at relatively high level in Europe... Brazil coming out of recession... steel prices going up... EPS revisions should be on the radar soon... won't be surprised if the stock price doubles in the coming 12 months if macro context doesn't change much.

China steel prices are at American prices levels... world prices are rising and will keep rising in the coming quarters. MT share price should go north... if macro economical context doesn't change, the stock should trade at $35 by end of 2017

My EBITDA estimates for this year:

My estimates are around $8B. with an EV/Ebitda of 7, the stock should be trading around 45 bucks.

with EPS at $4 this would imply a PE of 11 which is not high when compared to peers...

I'm impatiently waiting for the upgrade to investment grade levels and for the divvy that should be restated I hope next year...

Curious about how they are going to manage ILVA... they said it should be ebitda accretive already this year... let's wait and see... I have faith in this management... for the moment

In the mean time, I'm holding my 5000 shares... at least for the coming 12 months as long as the story doesn't change...

Superdrive

By the way, as typical in Reverse Splits, By 9:00am, MT was down to $22.36 (From $22.76 premarket)

Knock your socks off..!

At yesterday's close, ArcelorMittal's stock was like $7.46...

This morning, just before open, MktSmth was first showing $7.54 in the stock price , and like $22.70 something on the the chart... Tradestation was showing the 22.70 deal on premkt...

Surprise, surprise...! Nothing on Seeking Alpha, nothing on the news..! Nothing on iHub... I finally found an article under NASDAQ http://www.nasdaq.com/press-release...

"ArcelorMittal announces completion of Reverse Stock Split
By GlobeNewswire, May 22, 2017, 10:02:00 AM EDT"


Read more:
http://www.nasdaq.com/press-release/arcelormittal-announces-completion-of-reverse-stock-split-20170522-00709#ixzz4huTvKlnf

Excerpt:
ArcelorMittal S.A. / ArcelorMittal announces completion of Reverse Stock Split . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

ArcelorMittal announces completion of the Reverse Stock Split approved by the Extraordinary General Meeting of shareholders held on 10 May 2017

Luxembourg, 22 May 2017 - Following the approval of the Reverse Stock Split (as defined below) by the extraordinary general meeting of shareholders of ArcelorMittal held on 10 May 2017, ArcelorMittal has completed the consolidation of each three existing shares in ArcelorMittal without nominal value into one share without nominal value (the "Reverse Stock Split"). As a result, the share capital of ArcelorMittal continues to amount to EUR 306,571,086.90 but is now represented by 1,021,903,623 ordinary shares without nominal value while the authorised share capital of ArcelorMittal amounts to EUR 345,473,076.30 represented by 1,151,576,921 ordinary shares without nominal value.



Read more: http://www.nasdaq.com/press-release/arcelormittal-announces-completion-of-reverse-stock-split-20170522-00709#ixzz4huUDxtym

Looking good today here with MT. Also, 4 of my other steel sector stocks popping as well. I do like the fact that they primarily provide materials to various manufacturers who take on the majority of the liability.

I decided to jump in and buy 1,000 shares yesterday at $8.30.... FML

Hahhahaha


Should have listened to myself when I almost bought at $3.75....

It sure looks like it !! :)

Higher 10 near term

Loaded big well under five bucks and aw shucks, now have trucks of green steel with MT. Up 7.86%...Trump stock poised to rock.

Boldly holding several steel sector stocks...big day today!

Another nice trading day for MT !! :)

Nice trading day for MT :)

I just bought the 2018 Jan 10 calls. I feel this can make a nice run.

Beauty of a chart!

lol, well this looks like a solid reversal..

I hope that if you lost and dough here, you will see it come back and much more. GL !

Ive been following it from $15 down to around $3.75 and we'll let's just say now I don't want to talk about it! Hahahhha

Fml

What a stock! Where's all the chatter??

Looking good for some more upside...

Good morning $MT

Looks like a nice run.

Great earnings, big open interest keeping it from moving up today. Get pass expiration friday today and expect fire works next week...IMO

Big spread today, somebody bought 20,000 19 AUG 16 6C and help pay for them by selling 20,000 19 AUG 16 5P. Very bullish !!!

Yes we are. Monthly candles have turned up...trend reversed....time for calls...let it run...imo

No doubt, looking good!

Check out the option activity on the Jul 29 6 Calls over 52000 traded with O/I only 20. Somebody is expecting something good here soon. I know there's been some talk of merging the Steel companies.

Fantastic ride today, must say...MT in it to win it!

There is a long, very long way up to go...mucho upside.

$MT ArcelorMittal (MT) Supplies Steel for Turkey's Longest Bridge

http://www.nasdaq.com/article/arcelormittal-mt-supplies-steel-for-turkeys-longest-bridge-cm645265

ArcelorMittal Is A Good Buy. http://mobile.reuters.com/article/idUSKCN0ZD0DB

GGB is a sham with a dozen lawsuits pending from shareholders.

Brand new lawsuit added to the ever growing list today.

Good luck with that one.

MT vs GGB(It's industry(Steel)comparisons)

1)MT and GGB are steel stocks.

2)As of 6/3/16,
MT= $5.26 per share.
GGB= $1.69 per share.

3)Both MT, GGB are UP

4)GGB has MORE upside potentials because its pps is the smallest, ONLY $1.69 per share.

MT Golden Cross Alert! Bounce is imminent.

ArcelorMittal Selected As Steel Partner For New Volkswagen(VW)Supplier Programme.
http://europe.arcelormittal.com/newsandmedia/europenews/euro052016/vwfastlane
Sentiment: Buy

NYSE MKT STEEL INDEX:
http://www.marketwatch.com/investing/index/STEEL?countrycode=XX

Which should help MT..... Right?

Duties on cold rolled flat steel raised 5 fold.

The United States slapped Chinese steelmakers with final import duties of 522 percent on cold-rolled flat steel on Tuesday after finding that their products were being sold in the U.S. market below cost and with unfair subsidies.

The U.S. Commerce Department said the duties effectively will increase by more than five-fold the import prices on Chinese-made cold-rolled flat steel products, which totaled $272.3 million in 2015.

Cold-rolled steel is primarily used in automotive body panels, appliances, shipping containers and construction.

The rulings by the Commerce Department come amid escalating U.S.-China trade tensions, especially in the steel sector, where both U.S. and European producers claim China has distorted world pricing by dumping its excess output abroad as demand at home slows.

The original complaint was filed in July 2015 by major U.S. producers United States Steel, AK Steel Corp, ArcelorMittal USA [ARCMTR.UL], Nucor Corp and Steel Dynamics Inc. U.S. steel producers say they have laid off some 12,000 U.S. workers in the past year.

Commerce also levied final anti-dumping duties against Japanese-made cold-rolled steel of 71.35 percent, upholding preliminary findings. About $138.6 million of these products were imported from Japan last year.

Chinese companies affected by the duties include Baosteel Group, Angang Group Hong Kong Holdings Ltd, and Benxi Iron and Steel (Group) Special Steel Co Ltd. Among Japanese producers affected are Nippon Steel & Sumitomo Metal Corp and JFE Steel Corp.

For Chinese cold-rolled steel imports, Commerce upheld its preliminary anti-dumping duties of 265.79 percent, but increased its preliminary anti-subsidy duties to 256.44 percent from 227.29 percent.

In a separate case, U.S. Steel is seeking to halt all imports from China's top steelmakers.

In a complaint to the U.S. International Trade Commission (ITC), the U.S. steelmaker called on regulators to investigate dozens of Chinese producers and their distributors for allegedly conspiring to fix prices, stealing trade secrets and circumventing trade duties by false labeling.

Beijing has defended itself against the allegations, saying it has done enough to reduce steel capacity and blaming global excess and weak demand for the industry's woes.

(Reporting By David Lawder; Editing by Diane Craft)



http://www.reuters.com/article/us-usa-china-steel-idUSKCN0Y82ER

ArcelorMittal Net Loss Seen Narrowing Friday - Earnings Preview
May 05, 2016, 12:17:00 PM EDT By Dow Jones Business News

http://www.nasdaq.com/article/arcelormittal-net-loss-seen-narrowing-friday--earnings-preview-20160505-01098

AK Steel Announces Price Increase for Carbon Steel Products.

WEST CHESTER, OH -- (Marketwired) -- 05/05/16 -- AK Steel (NYSE: AKS) said today that it will increase current spot market base prices for all carbon flat-rolled steel products by a minimum of $60 per ton, effective immediately with new orders.

http://www.otcmarkets.com/stock/AKS/news