ArcelorMittal stock gains as longs prices rise and Q2 2026 margins hold
Published on 09/01/2026 at 19:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ArcelorMittal stock (ISIN LU1598757687) is trading in the mid-70-dollar range as of August 31, 2026, with the New York listing around USD 74.39 after a day high of USD 75.51 and a low of USD 73.87 according to INDmoney data as of August 31, 2026.
Price move backed by longs price increase
The latest trading levels come as ArcelorMittal has increased its European longs prices by about EUR 20 per tonne for commodity grade sections, rebar and wire rod, according to market sources cited by Eurometal on September 1, 2026.
For investors, the move underlines that the company is trying to defend spreads in an environment of rising input costs, and the price increase in longs directly supports realized steel prices in key European construction and infrastructure markets in late August and early September 2026.
Q2 2026 figures show revenue growth and margin pressure
Fundamentally, ArcelorMittal’s most recent reported figures for Q2 fiscal year 2026 show revenue of about USD 16.76 billion and earnings of USD 683 million, implying a profit margin of 4.07% according to quarterly data compiled by Yahoo Finance for Q2 FY26.
In the same quarter a year earlier, ArcelorMittal delivered earnings per share of USD 1.32, while in the latest Q2 2026 quarter EPS stood at USD 0.90, meaning earnings per share declined by roughly 31.8% year on year according to data reported by MarketBeat on September 1, 2026.
Despite the lower EPS, revenue in Q2 2026 was up 5.2% compared to the same quarter last year, illustrating that ArcelorMittal is growing its top line while facing margin pressure, with Q2 2026 revenue increasing from the prior-year quarter by 5.2% to USD 16.76 billion as reported in the same MarketBeat summary.
Read more ArcelorMittal stock coverage
For further background on ArcelorMittal’s share price history, fundamentals and filings, the following overview provides additional context for long-term investors.
Representative product: flat and long steel for automotive and construction
Beyond the quarterly figures, ArcelorMittal is globally known for supplying flat and long steel products to automotive manufacturers, construction firms and machinery producers, with long products such as rebar and wire rod particularly important for infrastructure and building projects where the recent EUR 20 per tonne price adjustment applies.
Stock valuation and analyst view as of August 31, 2026
From a valuation perspective, ArcelorMittal stock opened around USD 75.33 on August 31, 2026 and closed near USD 74.39 on the same day, reflecting modest intraday volatility between a high of USD 75.51 and a low of USD 73.87 according to INDmoney’s New York listing data as of August 31, 2026.
Analyst consensus compiled by MarketBeat on September 1, 2026 indicates that ArcelorMittal currently carries an average rating of Hold, with a consensus target price of USD 74.80, suggesting limited upside versus the latest USD 74.39 closing level as of August 31, 2026, which puts the stock almost exactly at the consensus price target band based on the same MarketBeat data.
ArcelorMittal stock facts
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT
- Trading venue: NYSE (primary listing)
- Price (as of August 31, 2026): 74.39 USD
- Market capitalization: Not specified in latest snapshot
- Sector / Industry: Materials / Steel
- Index membership: S&P 500 industry peer group exposure but not a DAX constituent
