ArcelorMittal stock gains after missile strike disruption and strong year-to-date rally

Published on 09/21/2026 at 23:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ArcelorMittal stock closed at USD 72.53 on September 18, 2026 on the NYSE after touching a new 1-year high earlier in September. The shares are up about 59 percent year-to-date and face margin pressure risks from rising energy costs in Europe.

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ArcelorMittal stock (ISIN LU1598757687) closed at USD 72.53 on the New York Stock Exchange on September 18, 2026, after a recent run to a new 1-year high earlier in the month, highlighting both operational resilience and fresh geopolitical risks for investors.

Missile strike in Ukraine adds risk to ArcelorMittal stock

As MarketBeat relayed on September 16, 2026, ArcelorMittal's Ukrainian plant in Kryvyi Rih was hit by a missile strike, halting primary steel production and underscoring the exposure of its Eastern European operations to the war in Ukraine.

According to a September 14, 2026 dispatch cited by MarketBeat, the company confirmed that two workers were killed in the attack, which has raised concerns over near-term production volumes and safety at the site.

Stock performance and technical backdrop

Per data from Yahoo Finance, ArcelorMittal's American depositary shares traded at USD 72.53 at the close on September 18, 2026, down USD 2.65 or 3.52 percent from the prior session, but still well above the start-of-year level of USD 45.57.

This move translates into a year-to-date gain of about 59.0 percent for ArcelorMittal stock in 2026, a performance that contrasts with the operational shock from the Ukraine plant and points to investors' confidence in the broader group strategy and demand environment.

Technical indicators compiled by FXEmpire show the 200-day simple moving average near USD 61.00 and the 100-day moving average just below USD 68.00, placing the current price clearly above these longer-term trend lines.

This technical configuration, with the spot level above both the 100-day and 200-day moving averages as of the September 18, 2026 session, indicates that ArcelorMittal stock remains in a medium-term uptrend despite short-term volatility around the Ukraine news.

European listing and strong YTD rally in euros

Beyond the NYSE listing, ArcelorMittal shares are also traded in Europe. An analysis by XTB on September 21, 2026 highlighted that ArcelorMittal's euro-denominated shares were trading in the range of EUR 63-64 per share.

The same XTB report noted that, as of September 21, 2026, ArcelorMittal's European quote delivered a robust year-to-date return of between 60 percent and 66 percent, clearly outperforming many peers in the Spanish and broader European steel segments.

For historical comparison, the XTB analysis pointed out that ArcelorMittal's revenue had increased by 4.9 percent year-on-year in the most recently referenced period, surpassing USD 32.2 billion; while the exact reporting period was not specified in the snippet, the figure underscores how the group has managed to grow its top line despite higher energy costs.

Margin pressure from energy costs and sector context

According to Investing.com on September 21, 2026, Bank of America has warned that European steelmakers, including ArcelorMittal, face margin pressure from rising energy costs and has updated its earnings estimates and price targets for several names in the sector.

In that sector note, Bank of America reiterated a buy rating on ArcelorMittal, alongside Voestalpine, Salzgitter and ThyssenKrupp, signaling that despite expected margin compression in the third quarter, the bank still sees upside in the stock based on its revised earnings trajectory.

The same commentary suggested that while margins could come under strain in the near term, demand from construction, automotive and other end markets remains sufficiently solid to support ArcelorMittal's capacity utilization and pricing, which is an important counter-factor to the Ukraine disruption.

Trading levels and 52-week range

Real-time data on September 21, 2026 from Investing.com showed ArcelorMittal's NYSE-listed ADR trading at USD 72.85 at 14:31:25 with a day range between USD 72.08 and USD 73.38.

The same Investing.com overview listed a 52-week range for ArcelorMittal stock between USD 35.31 and USD 79.68 as of September 21, 2026, meaning the current price is more than double the 52-week low but still about 8.6 percent below the 52-week high.

For investors, this positioning close to the upper end of the 52-week band suggests that a large part of the recovery from earlier in the year has already been priced in, while leaving room for additional gains if margins hold up and the impact of the Ukraine plant outage remains contained.

Closing price and investor takeaway

ArcelorMittal stock on the NYSE thus stands at USD 72.53 based on the last completed closing price of September 18, 2026, in USD, after a volatile period shaped by both strong year-to-date performance and the Ukraine missile strike.