CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

ArcelorMittal Q3 revenue rises on higher steel shipments, profit hit by Ukraine ops

By Reuters News


Overview

  • Luxembourg steel and mining firm's Q3 revenue rose 5% yr/yr to $16.5 bln

  • Adjusted EPS for Q3 increased to $1.15 from $0.62 yr/yr

  • Company posted net loss due to Ukraine impairment and exceptional charges


Outlook

  • ArcelorMittal expects 4Q 2026 flat shipment growth to accelerate, with double-digit year-on-year increase

  • Company maintains 2026 capex guidance at $4.5 bln-$5.0 bln, including $1.7 bln-$1.9 bln strategic capex

  • Company expects 9M 2026 working capital investment to largely unwind in 4Q 2026, supporting cash generation


Result Drivers

  • EUROPEAN TRADE MEASURES - Co said enhanced EU trade measures and new tariff rate quota supported higher flat steel shipments and improved domestic capacity utilization in Europe

  • HIGHER ENERGY AND INPUT COSTS - Co said higher energy and carbon prices in Europe and increased freight costs in mining weighed on results, with steel prices lagging cost increases

  • IMPAIRMENT AND EXCEPTIONAL CHARGES - Net loss driven by impairment and exceptional charges related to idling of Ukraine operations


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$16.47 bln

Q3 Loss Per Share

$0.52

Q3 Net Loss

$391 mln

Q3 EBITDA

$2.02 bln

Q3 Operating income

-$131 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

  • Wall Street's median 12-month price target for ArcelorMittal SA is €71.00, about 28.8% above its November 4 closing price of €55.12

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 4 - Steelmaker Ternium bets on Mexico lifting outlook as US tariff relief remains uncertain

  • Nov 3 - Brazil's Gerdau shuts down steel production in Divinopolis plant

  • Nov 4 - Canada's Russel Metals Q3 revenue jumps 56% to record


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.