Arcelor Mittal NY Registry Shares NEW
MT · NYSE
- $74.51
- $55.40B
- Open
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- $71.52 - $73.38
- $34.15 - $79.68
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- 1.37M
About Arcelor Mittal NY Registry Shares NEW
ArcelorMittal is a steel and mining major. It sells steel products and produces iron ore, generating revenue from steel sales and mining output. The supplied evidence identifies operating momentum in steel, stronger European order books, higher expected shipments and increased iron ore production, but it does not provide a segment revenue split or quantify the contribution of steel versus mining. Customer categories, geographic revenue mix and current production or workforce scale are also not stated. The company is expanding its use of Microsoft Azure as part of a “Cloud First, Data Centric” strategy intended to support growth and operations.
Notable Price Movement
- Aug 3-7$73.294.49%
ArcelorMittal rose $7.91, or 11.75%, from $67.30 on July 28 to $75.21 on August 4. The stock first fell to $65.70 on July 29 before recovering to $69.34 on July 30, $70.14 on July 31, $71.83 on August 3 and $75.21 on August 4, so the early setback was fully reversed. The main company-specific support was Q2 coverage emphasizing improving EBITDA, higher expected third-quarter and second-half shipments, stronger European order books and potential support from policy changes, despite an earnings and revenue miss and sharply lower net profit. Monday's announcement that Microsoft Azure would become ArcelorMittal's primary cloud platform added a separate AI and operational-efficiency narrative. No broader market driver is identified in the evidence.
