ArcelorMittal S.A.

ArcelorMittal S.A.

MT.AS

€63.82

Updated: 23/09/2026, 04:34:21

Market Cap
€48.12B
Sector
Basic Materials
Industry
Steel
Country
LU
Stock valuation chart
One-year closing share-price history for MT.AS
Company Profile

ArcelorMittal S.A., together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes. The company also provides mining products, such as iron ore lumps, fines, concentrate, pellets, and sinter feeds; and coking coal. It sells its products to various customers in the automotive, appliance, engineering, construction, energy, and machinery industries through a centralized marketing organization, and distributors. The company operates iron ore mining activities in Brazil, Bosnia, Liberia, Mexico, South Africa, and Ukraine, as well as in India and in Canada. ArcelorMittal S.A. was founded in 1976 and is headquartered in Luxembourg, Luxembourg.

EUR
AMS
CEO: Aditya Mittal
Employees: 125,554
https://corporate.arcelormittal.com
Asset Summaries
Latest generated summaries for MT.AS

No summaries found.

Detailed business
Evidence-backed facts extracted from the latest official annual filing.
MT.AS-20-f-fy2025.html18.9 MBtext/htmlENFiled 06/03/2026Period ended 31/12/2025

Business monitoring

Reported and calculated KPIs plus operational exposure disclosed in the FY 2025 filing.

Evidence-backed · 33 KPI observations

Revenue

$61.4B

FY 2025 · Reported

Net income

$3.2B

FY 2025 · Reported

Gross margin

N/A

FY — · Reported

Free cash flow

N/A

FY — · Reported

R&D intensity

N/A

FY — · Reported

Share repurchases

N/A

FY — · Reported

Earnings and cash generation
USD billions, directly sourced from inline XBRL; free cash flow is operating cash flow less capex.
Profitability and reinvestment
Margins and R&D as a percentage of revenue.
Top products and services
Products and services mentioned in the filing; a quantitative sales breakdown was not disclosed.

Other offerings mentioned without separate sales

Product portfolio

Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.

Geographic footprint
What the filing identifies, separated by location role so partner manufacturing is not presented as Apple-owned factories.
1 named headquarters
0 manufacturing countries
0 individually named factories

Map layer

Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.

No reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported 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geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue disclosureNo reported geographic revenue 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Named headquarters Manufacturing partner country

Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.

How the business makes money

Company overview

ArcelorMittal is one of the world's leading integrated steel and mining companies; largest in Europe, among largest in the Americas, with AMNS India JV in Asia

99%
Source evidence
“ArcelorMittal is one of the world’s leading integrated steel and mining companies. ArcelorMittal is the largest steel producer in Europe and among the largest in the Americas”

Hyperinflationary accounting entities

Hyperinflationary accounting applied to Venezuelan tubular producer Unicon and Argentinian operation Acindar

96%
Source evidence
“the Company’s Venezuelan tubular production facilities Industrias Unicon CA (“Unicon”) and the Company's Argentinian operation Acindar Industria Argentina de Aceros S.A. ("Acindar"), for which hyperinflationary accounting is applied”

Customer industries and geographic reach

Sells to diverse customers in ~126 countries in automotive, appliance, engineering, construction and machinery industries

99%
Source evidence
“sells its products primarily in local markets and to a diverse range of customers in approximately 126 countries, including the automotive, appliance, engineering, construction and machinery industries”

Product portfolio

Flat products (sheet, plate), long products (bars, rods, structural shapes), pipes and tubes; mining products including iron ore lump, fines, concentrate, pellets, sinter feed

99%
Source evidence
“ArcelorMittal produces flat products, including sheet and plate, and long products, including bars, rods and structural shapes. It also produces pipes and tubes for various applications.”

Crude steel production by region 2025

2025 crude steel: ~40% Americas, ~53% Europe, ~7% other (South Africa, Ukraine)

99%
Source evidence
“In 2025, approximately 40% of its crude steel was produced in the Americas, approximately 53% was produced in Europe and approximately 7% was produced in other countries, such as South Africa and Ukraine.”

Positioning and strategy

EAF decarbonization projects

EAF projects: Gijón (€213m, first heat Q1 2026), Sestao (1.6Mt by 2026), Dunkirk (2Mt, €1.3bn, start-up 2029), Calvert US 1.5Mt EAF producing since June 2025

98%
Source evidence
“the Company's confirmation in February 2026 of the construction of a 2-million-tonne EAF in Dunkirk with start-up scheduled in 2029 and investment of €1.3 billion”

Strategy: four distinctive attributes

Leverage global scale/scope, technical capabilities, diverse portfolio (incl. mining), and financial capabilities to capture leading positions across the steel value chain

97%
Source evidence
“ArcelorMittal's strategy is to leverage four distinctive attributes that will enable it to capture leading positions in the most attractive areas of the steel industry’s value chain”

Risks, financing, and outlook

New share buyback program 2025

New buyback program announced April 7, 2025, tranches through May 2030; first tranche up to 10 million shares, 2m repurchased for $58m at year-end

97%
Source evidence
“On April 7, 2025, ArcelorMittal announced the commencement of a new share buyback program (the "Program") with share repurchases to be conducted in tranches that may be announced through May 2030.”

EU trade and CBAM policy measures

EC measures to protect EU steel: Steel and Metals Action plan, post-safeguard protection beyond June 30, 2026, CBAM tightening, new trade tool vs overcapacity

97%
Source evidence
“The EC published in March 2025 its Steel and Metals Action plan, designed to strengthen the European steel and metal sector’s competitiveness and safeguard its future.”

Material exposure graph

Automotive, appliance, engineering, construction and machinery industries
Demand Driver

Steel sales go to a diverse range of end-user industries across ~126 countries; demand from these sectors drives revenue.

Relevance 90·Dependency 75·Confidence 97
Source evidence
“to a diverse range of customers in approximately 126 countries, including the automotive, appliance, engineering, construction and machinery industries”
Iron ore
Raw Material Dependency

Mining operations produce iron ore lump, fines, concentrate, pellets and sinter feed; captive mines integrated into steel-making facilities, providing partial vertical integration.

Relevance 85·Dependency 70·Confidence 95
Source evidence
“ArcelorMittal’s mining operations produce various types of mining products including iron ore lump, fines, concentrate, pellets and sinter feed.”
EU Carbon Border Adjustment Mechanism and steel safeguards
Regulatory Exposure

EC measures on trade protection beyond June 30, 2026 safeguard expiry, CBAM amendments and lead markets structurally affect European steel operations and decarbonization economics.

Relevance 85·Dependency 60·Confidence 95
Source evidence
“The action plan addresses unfair trade by introducing effective protection measures beyond June 30, 2026, when the safeguards expire, prevents carbon leakage through amendments to the Carbon Border Adjustment Mechanism ("CBAM")”
EAF low-carbon steelmaking
Technology Dependency

Decarbonization program depends on scaling EAF projects (Gijón, Sestao, Dunkirk, Calvert); low-carbon technologies expected viable at scale only after 2030.

Relevance 80·Dependency 55·Confidence 94
Source evidence
“The low-carbon iron-making technologies such as green hydrogen, biomass and carbon capture and storage ("CCS"), are still in the process of becoming mature, scalable and cost-competitive”
Euro
Currency Exposure

Reporting currency is USD while ~53% of crude steel is produced in Europe with euro-denominated investments (e.g., €213m Gijón, €1.3bn Dunkirk); exchange rate changes affected cash by $504m in 2025.

Relevance 60·Dependency 50·Confidence 90
Source evidence
“This investment of €213 will be the first major EAF project to be implemented within the Company’s decarbonization program in Europe”
Full company information
Latest profile, trading, valuation, and identifier data stored for MT.AS.
Share price
€63.82
Market cap
€48.12B
Exchange
AMS
Currency
EUR
CEO
Aditya Mittal
Employees
125,554
IPO date
25/07/2005
Beta
1.644
Last dividend
€0.00
Day range
€62.52 – €65.00
52-week range
€30.14 – €68.56
1-day performance
1.53%
1-year performance
111.75%
Current drawdown (1Y)
-6.91%
CIK
N/A
CUSIP
03938L104
ISIN
LU1598757687
Created
07/09/2026, 05:15:31
Last update
23/09/2026, 04:34:21

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