ArcelorMittal S.A. (MT) has seen its shares rise by 69% year-to-date, significantly outperforming the Zacks Steel – Producers industry growth of 46.8%. This increase is attributed to stronger operating performance, improved cash generation, and higher shareholder returns.
The company is advancing multiple projects to enhance steel production, including new electric arc furnaces (EAF) in Spain and a non-grain-oriented electrical steel (NOES) facility in Alabama. The Alabama plant, set to be operational by 2027, will produce up to 150,000 tons per year to address rising domestic demand.
In the first half of 2026, ArcelorMittal returned $0.7 billion to shareholders, consisting of $0.2 billion in dividends and $0.5 billion in share repurchases. The company’s operating cash flow reached approximately $1 billion in Q2 2026, with EBITDA increasing by 22.9% to $2.1 billion.
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