$MT

Brad Davey, EVP and Head of Corporate Business Optimisation at ArcelorMittal, retires after 40 years. His responsibilities are split among three executives, with Pinakin Chaubal taking over safety, R&D, and automotive. Davey joined the company in 2018 and oversaw various functions including health, safety, and sustainable development.

ArcelorMittal (MT) reported Q3 EBITDA up 34% to $2.02B, beating estimates, with revenue up 5% to $16.47B, but a $391M net loss. Furnace projects are on schedule, and the company expects full benefits from Europe's new tariff framework in 2027. The Liberia mine aims for 16M tons this year and 20M in 2027. A €0.15 dividend is set for Dec. 2.

ArcelorMittal (MT) reported stable European demand and full Q4 order books. The company restarted furnaces in Poland, Spain, and France. Higher energy costs persist, but steel prices and volumes are rising. North American shipments are expected to be flat due to seasonality. The company anticipates higher volumes in India and Liberia in 2027. ArcelorMittal plans to reduce debt and may increase share buybacks beyond 50% of free cash flow.

ArcelorMittal (MT) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 ArcelorMittal reports third quarter 2026 results Luxembourg, November 5, 2026 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company” or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining

European shares rose 0.5% on Thursday, led by a 2.7% gain in mining stocks, with ArcelorMittal up 6% after beating profit expectations. Tech stocks lagged, with ASML down 2.7% and Soitec off 4.5%, amid concerns over Democratic scrutiny. Rheinmetall fell 14% after cutting its 2026 sales forecast. Brent crude traded below $100/barrel on US election implications.

ArcelorMittal reported a $391 million net loss for Q3 2026, but adjusted net income was $868 million. Sales reached $16.47 billion, with EBITDA at $2.02 billion. The company cited higher margins and positive cash generation, while noting headwinds from energy costs and mining disruptions. Management remains optimistic about long-term growth and policy support in Europe.

ArcelorMittal shares fell 1.95% to €54.42, dropping below its 20-day, 50-day, and 200-day moving averages. The stock has declined 5% over one month, with a support level at €52.82. The company is set to report results on November 5.

ArcelorMittal's investment in Liberia nears $4 billion, covering mining, rail, port, and power infrastructure. The company expects to export over 20 million tonnes of iron ore in 2027, supporting 8,000 jobs. The investment aims to boost Liberia's economy through higher production, infrastructure, and local business growth. The Third Amendment to the Mineral Development Agreement includes a $200 million payment and increased community funding.

ArcelorMittal's investment in Liberia is nearing $4 billion, with plans to increase iron ore exports to 20 million mt by 2027. The Phase II expansion includes a large-scale iron ore concentrator. The company has invested $800 million in railway and port infrastructure, with plans for an independent operator from 2030. The Mineral Development Agreement extends operations to 2050, with a potential 25-year renewal.

ArcelorMittal, Mitsubishi Heavy Industries, BHP, and Mitsubishi Development completed a carbon capture trial at ArcelorMittal's Gent, Belgium steel plant. The trial, using MHI's Advanced KM CDR Process™, achieved over 90% CO₂ capture from blast furnace gas, with potential to reduce CO₂ intensity by up to 24%. The second phase will test CO₂ capture from hot strip mill reheating furnace gases. The companies aim to assess the technology's viability for wider deployment in steelmaking.