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February 6, 2013
11:32 EDTMTArcelorMittal reports Q4 EBITDA $1.32B vs. Q3 EBITDA $1.34B
Earlier today, ArcelorMittal reported Q4 EBITDA of $1.32B compared to Q3 EBITDA of $1.34B. Sales for Q4 decreased by 2.1% to $19.3B as compared with $19.7B for 3Q 2012, and were down 14% as compared with $22.4B for 4Q11. Sales were lower during 4Q12 as compared to 3Q12 primarily due to lower average steel selling prices, down 2.8% offset in part by marginally higher steel shipment volumes up 0.7%. The company sites demand contraction in Europe and the slowdown in China as its key challenges in Q4. The company, however, expects 2013 EBITDA above the $7.1B reported in 2012, with steel shipments are expected to increase by approximately 2-3% in 2013 as compared to 2012.
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May 15, 2015
07:53 EDTMTArclorMittal upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill upgraded ArcelorMittal to Buy and established a $13.75 price target. The firm believes a margin recovery is unfolding in European steel driven by steel export declines out of China and potential trade protectionism in Europe.
May 14, 2015
11:10 EDTMTArcelorMittal calls active on sharp rally
ArcelorMittal June and September 12 calls are active on total call volume of 13K contracts (1K puts). June call option implied volatility is at 37, September is at 35; compared to its 90-day average of 36. Active call volume suggests traders taking positions for large near term price movement.
10:53 EDTMTArcelorMittal gaps up bullishly, levels to watch
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