ArcelorMittal jumps to 14-year high on trade war relief, talks for South-African asset disposal

ArcelorMittal SA

22/01/2026 10:22

** Shares in ArcelorMittal MT.AS rise 5%, trailing its peers on U.S. tariffs fear relief, and following the resumption of talks for the disposal of its loss-making South African business

** "ArcelorMittal has a lot to gain from the easing of trade tensions. It is not directly hit through its European exposure but rather through its American foray since it sells to the US from its Canada, Mexico and Brazil mills," said Oddo BHF analyst Maxime Kogge

** Citi expects the group to be the only European steel stock in its coverage to post quarter on quarter sequential EBITDA growth, driven by higher mining output and somewhat firmer spot prices, the broker said in a note on the sector

    ** ArcelorMittal’s shares also rose on news that talks have resumed on selling its loss‑making South African unit, AMSA, to the South African government, Kogge added

    ** Share price reached its highest level since August 1 2011

 (Reporting by Alban Kacher)

 ((alban.kacher@thomsonreuters.com; +48 58 769 65 87))