ArcelorMittal S.A. (MT) reported a substantial surge of 104.6% in its share price over the past year, significantly outperforming the Zacks Steel – Producers industry, which saw a 65.5% increase in the same period. Key growth drivers include higher crude steel production and record iron ore production and shipments from Liberia.
In Q1 2026, ArcelorMittal produced 13.3 million metric tons of crude steel, a 3.9% rise from the previous quarter, with steel shipments totaling 12.8 million metric tons. The company’s mining segment also excelled, achieving total iron ore production of 12.9 million metric tons and shipments of 10 million metric tons, thanks to peak performance from its Liberia operations. As of Q1 2026, ArcelorMittal reported cash and cash equivalents of $4.36 billion, down from $5.48 billion at the end of 2025, maintaining total available liquidity at around $9.9 billion.
Looking ahead, ArcelorMittal is expanding its production capabilities by building a non-grain-oriented electrical steel manufacturing facility in Alabama, aimed at addressing supply chain challenges and meeting increasing demand for high-quality electrical steel. This facility will enhance the company’s infrastructure and support its ongoing Liberia iron ore expansion project, expected to reach more than 20 million tons in capacity by 2026.
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