ArcelorMittal starts the 'green steel' program in carbon-cutting push

  • ArcelorMittal says it will offer green certificates to customers willing to pay a premium for low-carbon steel and has launched a fund that aims to invest $100M annually to support breakthrough technologies to curb carbon emissions from steelmaking.
  • ArcelorMittal says it will give customers the option to buy "green steel certificates" with their steel orders, representing emissions savings achieved compared with the average CO2 intensity of European steelmaking through projects including reducing coal use in blast furnaces, allowing customers to report a reduction in their own emissions.
  • The company, which ships at least 70M-80M metric tons/year of steel, expects to certify 600K MT of available green steel by the end of 2022.
  • CEO Aditya Mittal says the share of green products in the company's overall offering could rise to ~10% in the next decade as the company's low-carbon projects expand.

    For this year ArcelorMittal 's (located in Luxembourg) revenue will be around 60.01 billion euros. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 53.27 billion euros.

    Historical revenues and results ArcelorMittal plus estimates 2020

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    The analysts expect for 2021 a net profit of 2.83 billion euros. The majority of the analysts expects for this year a profit per share of 3.15 euros. The price/earnings-ratio therefore equals 7.19.

    Per share the analysts expect a dividend of 38 cents per share. ArcelorMittal 's dividend yield thus equals 1.68 percent. The average dividend yield of the industrial companies is a moderate 0.64 percent.

    Latest estimates around 31 euros

    The latest 3 recommendations for the industrial metals company were provided by Morgan Stanley , Goldman Sachs and Oddo BHF.

    ArcelorMittal 's market value equals around 22.93 billion . The ArcelorMittal stock was the past 12 months quite unstable. Since last March the stock is even 158 percent higher. This year the stock price moved between 7 and 24 euro.

    Price data ArcelorMittal 2007-2021

    stock graphs arcelormittal

    Click here for dividend ArcelorMittal. At 17.35 the stock trades 2.82 percent lower at 22.66 euros.

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