ArcelorMittal stock gains as Ukraine missile strike and plant restart reshape risk picture
Published on 09/17/2026 at 14:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ArcelorMittal stock (ISIN LU1598757687) closed at EUR 64.68 on Euronext Paris on September 16, 2026, valuing the steel group at about EUR 50.1 billion and extending a strong year to date gain of more than 60 percent in the sector context.
Ukraine missile strike hits Kryvyi Rih operations
According to Simply Wall St, a ballistic missile strike in mid September 2026 hit the ArcelorMittal Kryvyi Rih ironmaking complex number 1 in Ukraine, killing two contractors, injuring two employees and forcing a halt to primary steel production at that site.
The same analysis notes that primary steel output at Kryvyi Rih is currently halted while damage is assessed and that other facilities at the complex are either idled or running at minimum output, adding a new layer of operational uncertainty to ArcelorMittal’s integrated steel and mining network.
Gijon blast furnace restart offsets part of disruption
As Shanghai Metals Market reported on September 17, 2026, ArcelorMittal successfully restarted blast furnace A at its Gijon plant in Spain after a localized steam explosion caused by a broken water pipe on September 9, 2026.
The company confirmed in that report that blast furnace A suffered no structural damage and that normal operations have resumed, while blast furnace B remained in full operation throughout the incident, meaning hot metal production capacity at Gijon was largely maintained during the disruption.
Stock near recent highs with strong year to date performance
Per data from a French stock portal as of September 16, 2026, ArcelorMittal shares on Euronext Paris closed at EUR 64.68, up 2.28 percent on the day, with an intraday high of EUR 65.04 and low of EUR 63.96, placing the price close to chart resistance around EUR 65.00 in recent technical commentary.
According to a Spanish market overview dated September 16, 2026, ArcelorMittal stock traded at EUR 64.68 at 5:35 p.m. local time with an intraday high of EUR 64.98 and low of EUR 63.36, on volume of about 145,700 shares, and the stock’s year to date gain was reported around 66.1 percent compared with the start of 2026, underscoring how investors have rewarded the group despite geopolitical headwinds.
Recent quarterly figures provide earnings backdrop
A late July 2026 news item on a French financial portal indicated that ArcelorMittal’s EBITDA in the second quarter of 2026 came in slightly above market expectations, with the company reporting higher operating earnings than consensus for that period, which provided fundamental support to the stock.
In that July 30, 2026 note, the portal highlighted that second quarter 2026 EBITDA beat analyst forecasts by a small margin, reinforcing the investment case based on improving profitability even as ArcelorMittal navigates volatile steel demand and energy prices in Europe.
Next steps for investors and current price level
On September 17, 2026 ArcelorMittal stock was indicated around EUR 64.94 in a European sector snapshot, about 0.4 percent higher intraday and roughly 66.1 percent above its level at the start of the year, a performance that leaves the shares near the upper end of their recent trading range while the market weighs the impact of the Kryvyi Rih missile strike and the Gijon blast furnace restart.
ArcelorMittal stock facts
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT
- Trading venue: Euronext Paris
- Price (as of September 16, 2026, 17:35): 64.68 EUR
- Market capitalization: 50,127,000,000 EUR (as of September 16, 2026)
- Sector / Industry: Materials / Steel
- Index membership: CAC 40
