Arcelormittal traded at $65.68 this Tuesday November 10th, increasing $1.46 or 2.27 percent since the previous trading session. Looking back, over the last four weeks, Arcelormittal gained 5.39 percent. Over the last 12 months, its price rose by 67.72 percent. Looking ahead, we forecast Arcelormittal to be priced at 63.28 by the end of this quarter and at 56.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS).