ArcelorMittal rises as Q3 beat reassures on its mid-, long-term positioning

SSAB AB

06/11/2025 08:19

** Shares in ArcelorMittal MT.AS rise about 5% after the group beats core profits expectations, helped by its performance in Europe

** The Luxembourg-based company's Q3 EBITDA comes in at $1.51 billion, 3% above the company-provided consensus

** "(ArcelorMittal) is well-positioned for mid/long-term demand growth, driven by energy transition and infrastructure," Jefferies says

** J.P.Morgan flags mix divisional picture North America below its estimates, but Europe "a significant beat"

** Although peers like Outokumpu OUT1V.HE, SSAB SSABa.ST and Acerinox ACX.MC have guided to below consensus Q4 profits with a common theme of weaker and uncertain demand outlooks for the quarter, ArcelorMittal is an outlier, JPM says

** "We believe this Q4 downside risk is avoided for (ArcelorMittal) driven by a stronger than expected Europe," the brokerage adds

** The stock sits on top of French and Dutch blue-chip indices CAC 40 .FCHI and AEX .AEX

 (Reporting by Javi West Larrañaga)