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Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
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AMSYF ARCELORMITTAL
- 26.890
- 0.0000.00%
15min DelayClose Apr 17 16:00 ET
21.86BMarket Cap24.67P/E (TTM)
0.000High0.000Low0Volume26.890Open26.890Pre Close0.00Turnover0.00%Turnover Ratio24.67P/E (Static)813.00MShares28.73052wk High0.41P/B21.85BFloat Cap21.92052wk Low0.44Dividend TTM812.57MShs Float36.854Historical High1.64%Div YieldTTM0.00%Amplitude19.202Historical Low--Avg Price1Lot Size
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- 5D
- 1D
- 1W
- 1M
- 1Q
- 1Y
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News
ArcelorMittal S.A.: ArcelorMittal Publishes Its 2023 Integrated Annual Review
American Battery Commissions Nevada Plant; ArcelorMittal To Build NOES Facility; Gold Royalty Reports Preliminary Q1 Results And More: Monday's Top Mining Stories
Top Stories for April 22, 2024:1. American Battery Technology (NASDAQ:ABAT) successfully constructed and began commissioning its lithium hydroxide pilot plant in Reno, Nevada. This plant marks a signi
Those Who Invested in ArcelorMittal (AMS:MT) Five Years Ago Are up 32%
ArcelorMittal Launches 'The Steel Works'
ArcelorMittal Publishes Convening Notice for Its Annual General Meeting of Shareholders
ArcelorMittal Announces Publication of the 2023 Statutory Financial Statements of ArcelorMittal Parent Company
Comments
Utilities and Steel vs Natural Gas stock correlation
$ARCELORMITTAL(AMSYF.US$
In Europe we are having a massive energy crisis due to high natural gas prices since the beginning of this month, due to which Oil & Gas companies are having a rally.
Natural Gas is the main component to the production of steel (def. in EU). With a rise in the input (gas price), I would expect a an increase in operating costs of the steel producer, which should mean decrease in margins, reduction of profitability and an eventual decrease in steel price. Moreover there is a decrease in steel demand from China, which should bolster a downward trend of Arcelor Mittal stock.
Could you guys explain this trend of steel prices following natural gas price?
In Europe we are having a massive energy crisis due to high natural gas prices since the beginning of this month, due to which Oil & Gas companies are having a rally.
Natural Gas is the main component to the production of steel (def. in EU). With a rise in the input (gas price), I would expect a an increase in operating costs of the steel producer, which should mean decrease in margins, reduction of profitability and an eventual decrease in steel price. Moreover there is a decrease in steel demand from China, which should bolster a downward trend of Arcelor Mittal stock.
Could you guys explain this trend of steel prices following natural gas price?
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Quentrell : you def need to read up more on steel and what is happening.
- MT does not export to China, so no loss there (on the contrary China is exporting less so great for MT)
- energy does chance the production cost but this cost is baked into the end price, no real loss there
- two fine words : super cycle