MT News and Press, Arcelor Mittal NY Registry Shares NEW From 06/24/22

Copper prices are poised for their biggest weekly fall in more than a year, and other industrial metals also are set for sharp weekly declines, as investors worried that central bank rate hikes could choke global economic growth and cut demand for metals. According to Reuters, benchmark coppe...

Shares of industrial miners are on watch as iron ore rallied on Thursday from its lowest close in more than six months after China President Xi Jinping pledged to achieve economic goals for the year, although copper continues to decline. Freeport McMoRan (NYSE:FCX) shares have plummeted 28% s...

Shares in integrated steel and mining company ArcelorMittal (NYSE: MT) were down nearly 8% this afternoon. The move comes in concert with a generally bad day for so-called "inflation plays" and a downgrade from an analyst at a heavyweight investment company, JPMorgan . The d...

Algoma Steel Group recently announced a large tender offer for ~25% of its shares at the current market price. The company remains extremely cheap versus peers despite its ongoing electric arc furnace transformation. Undervaluation, large tender offer size and ongoing transition a...

Athira Pharma ATHA -65% as lead asset fails in Alzheimer’s trial. WISeKey International WKEY -43% on reports that it expects revenue growth in semiconductors IoT segment despite shortages in manufacturing. Micro Focus International (MFGP) -18%. Tabula Rasa HealthCar...

Steelmakers stood out as one group of stocks that mostly missed out on Tuesday's broad rally, and a contributing factor may have been a report that the global steel industry could face writedowns of as much as $518B in stranded assets over the coming years because it is still building traditi...

Alcoa (NYSE:AA) -4.9% in Friday's trading to a new YTD low, as aluminum prices plummet to their lowest in nearly six months, as concerns over the prospect of weak economic growth hit metals demand. Three-month aluminum on the London Metal Exchange (LMAHDS03:COM) recently traded -2.8% to $2,68...

Aluminum prices will plunge 20% toward $2,300/ton by December as demand slows and supplies rise in warehouses around the world, Harbor Intelligence said Thursday at its annual industry conference, according to a Bloomberg report. Alcoa (NYSE:AA) -7.4%, challenging YTD lows; also, (NASDAQ:CENX...

ArcelorMittal (NYSE:MT) has completed $1B share buyback program which was announced on 5 May, 2022 authorized at the annual general meeting of shareholders on 4 May, 2022. The company had repurchased 33,349,597 shares for a total value of €942,577,580.32 (equivalent to US$999,999,973.9...

U.S. hot rolled coil prices fell for the seventh straight week, Argus reported Tuesday, citing the ripple effect of Amazon's warehouse construction cutbacks as well as continuing negative sentiment. Argus said its weekly U.S. HRC Midwest assessment fell by $65.25/st to $1,184.25/st, while the...