Deutsche Bank keeps Buy on ArcelorMittal stock

Published on 10/06/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The EUR 70.00 target was maintained on October 5, 2026. ArcelorMittal stock costs EUR 58.38 versus EUR 57.67, plus 1.23 percent.

Pop-Art-Comic zeigt Arbeiter mit Kran und glühendem Stahl in Fabrikhalle — ArcelorMittal S.A. (LU1598757687) inspiriert diese farbenfrohe Pop-Art-Comicszene mit Kran und glühendem Stahl, Illustration mit AI erstellt.

ArcelorMittal stock was trading at EUR 58.38 at Lang & Schwarz on October 6, 2026 at 9:44 a.m. CEST, up 1.23 percent from the EUR 57.67 prior close. The latest analyst signal came from Deutsche Bank, which maintained a Buy rating and a EUR 70.00 price target on October 5, 2026, according to Markets Insider.

Kryvyi Rih impairment reshapes the risk picture

ArcelorMittal said it could not safely restart its Kryvyi Rih steel subsidiary after repeated missile strikes in Ukraine. The company expects a USD 1.0 billion non-cash impairment charge, while four strikes over five weeks resulted in five fatalities and injuries to 17 employees, Grafa reported on September 25, 2026.

The company also said it had provided more than USD 700 million to support continuity at the subsidiary. For investors, the impairment is the immediate counterweight to the stronger operating backdrop because it affects assets, production continuity and the timing of any restart.

Second-quarter revenue rose while profit fell

ArcelorMittal reported EUR 16.76 billion of revenue and EUR 683.0 million of net profit for the second quarter of 2026. Revenue was higher than the EUR 15.93 billion recorded in the comparable period, while net profit was below the prior-year EUR 1.79 billion, according to Markets Insider.

That mix matters more than revenue alone. The company is generating a larger sales base, but the sharp year-over-year decline in net profit leaves margins and cost control central to the next earnings update.

November earnings will test the recovery

ArcelorMittal is scheduled to report third-quarter 2026 results on November 5, 2026, according to Tickeron. The release should clarify shipments, margins and the financial treatment of Kryvyi Rih, making it the next major test of whether improved steel operations can offset the Ukraine-related charge.

ArcelorMittal had a market capitalization of USD 49.3 billion as of October 5, 2026. Its EUR 70.00 Deutsche Bank target stands EUR 11.62 above the Lang & Schwarz price, a 19.86 percent difference calculated against the EUR 58.38 reference price. The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.