

MT expands steel capacity and boosts shareholder returns, but China's weak demand and elevated capex pressure cash flow.

ArcelorMittal is evolving into a portfolio of regionally protected steel franchises, leveraging local production and integrated mining to benefit from trade policy shifts. MT's earnings quality has structurally improved, with higher EBITDA per tonne, robust operational leverage in Europe, and significant contributions from India and Liberia expansions. Share buybacks, discounted valuation metrics, and off-balance-sheet growth (notably AM/NS India) position MT for per-share earnings growth even without a global steel boom.

Daqo New Energy Announces Unaudited Second Quarter 2026 Financial Results PR Newswire SHANGHAI, Aug. 20, 2026

MT stock has gained 24.8% in the past three months on expanded steel capacity and specialized products, while stronger performance, tariffs and demand support growth.

17 August 2026, 11:45 CET ArcelorMittal can confirm that its Ukraine operation, ArcelorMittal Kryvih Rih, suffered a missile strike over the weekend in which 13 employees of the company and contractors were injured and tragically two employees died: one staff member and one from a contractor organization. Our focus is on the families and loved ones of our colleagues who suffered from the attack.

Bank of America Corp DE trimmed its holdings in ArcelorMittal (NYSE: MT) by 20.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,631 shares of the basic materials company's stock after selling 171,254 shares during the quarter. Bank of

MT missed on adjusted earnings as Q2 profit fell year over year, but expects stronger second-half shipments and sees Europe supported by policy changes.

3 August 2026, 16:00 CET ArcelorMittal has released a special edition of its Steel Talks podcast to mark the company's 20th anniversary. The landmark episode brings together Executive Chairman Lakshmi Mittal, Chief Executive Officer Aditya Mittal and journalist and author Tim Bouquet (www.timbouquet.com) for a first of its kind, wide-ranging conversation reflecting on the creation of ArcelorMittal, the defining moments of the past two decades, and the opportunities and challenges that will shape the future of the steel industry.