ArcelorMittal Offers Update on Decarbonization Goals for Europe

Zacks12-02

ArcelorMittal S.A. MT recently provided an update on earlier announced plans to invest in lower carbon emissions “hydrogen ready” DRI-EAF plants to replace several blast furnaces across its European ...

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MT recently provided an update on earlier announced plans to invest in lower carbon emissions “hydrogen ready” DRI-EAF plants to replace several blast furnaces across its European ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcelormittal-offers-decarbonization-goals-europe-111900090.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ArcelorMittal Offers Update on Decarbonization Goals for Europe</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArcelorMittal Offers Update on Decarbonization Goals for Europe\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-02 19:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/arcelormittal-offers-decarbonization-goals-europe-111900090.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ArcelorMittal S.A. MT recently provided an update on earlier announced plans to invest in lower carbon emissions “hydrogen ready” DRI-EAF plants to replace several blast furnaces across its European ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcelormittal-offers-decarbonization-goals-europe-111900090.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0128525689.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/arcelormittal-offers-decarbonization-goals-europe-111900090.html","article_id":"2488381952","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/FEsqbpqbfR6l3cFaZe0RZw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2b444218c1ce1a0ffd46edd063ca8bc7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488381952","pubTimestamp":1733138340,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The company anticipates capital expenditure for 2024 to remain within the previous view of $4.5 billion to $5 billion. MT’s strategic expansion projects are expected to increase EBITDA and investable cash flow in the future. ArcelorMittal is optimizing its decarbonization strategy to maintain competitiveness and profitability. Its global asset portfolio positions it to capitalize on the expected growth in steel demand over the medium/long term. The company prioritizes safety, growth projects and shareholder returns while maintaining a strong balance sheet.MT currently carries a Zacks Rank #3 .Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, DuPont de Nemours, Inc. DD and CF Industries Inc. CF.Carpenter Technology currently carries a Zacks Rank #1 . CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 160% in the past year","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4588":"碎股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4561":"索罗斯持仓","CF":"CF工业","BK4504":"桥水持仓","BK4093":"化肥与农用药剂","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","BK4006":"钢铁","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4109":"特种化学制品","DD":"杜邦","BK4585":"ETF&股票定投概念","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","CRS":"卡朋特科技","AMSYF":"ArcelorMittal","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","MT":"安赛乐米塔尔"},"translate_title":"安赛乐米塔尔提供欧洲脱碳目标的最新信息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CF":1,"CRS":1,"DD":1,"AMSYF":1,"MT":0.9},"content_text":"ArcelorMittal S.A. MT recently provided an update on earlier announced plans to invest in lower carbon emissions “hydrogen ready” DRI-EAF plants to replace several blast furnaces across its European operations to reduce carbon emissions. The host countries provided financing support for these projects, which were approved by the European Commission.The projects were based on a favorable combination of policy, technology and market developments that would encourage decarbonization investment by offsetting the much higher capital and operating costs associated with this transition strategy. This featured the ability to use natural gas until green hydrogen became competitive.The energy, market and policy situations in Europe have not moved in a favorable direction, MT noted. Green hydrogen is slowly becoming a viable fuel source, whereas natural gas-based DRI production in Europe is yet to be competitive as an interim option. Furthermore, the carbon border adjustment mechanism (CBAM) has serious weaknesses, trade protection measures must be strengthened in response to increased imports caused by China's overcapacity and customers are unwilling to pay premiums for low-carbon emissions steel.The company anticipates many significant events in 2025, including the scheduled review of the CBAM, the evaluation of steel safeguards and the publishing of the Steel and Metals Action Plan. These initiatives will, if wrapped up, offer the framework required to develop the business case for European investments in decarbonization. The company is currently working on engineering works and analyzing a staged strategy that would begin with building electric arc furnaces, which can also be fed scrap steel to drastically cut emissions. Shares of ArcelorMittal have lost 0.6% in a year compared with a 10.2% decline of the industry.\nImage Source: Zacks Investment Research\nThe company anticipates capital expenditure for 2024 to remain within the previous view of $4.5 billion to $5 billion. MT’s strategic expansion projects are expected to increase EBITDA and investable cash flow in the future. ArcelorMittal is optimizing its decarbonization strategy to maintain competitiveness and profitability. Its global asset portfolio positions it to capitalize on the expected growth in steel demand over the medium/long term. The company prioritizes safety, growth projects and shareholder returns while maintaining a strong balance sheet.\n\nArcelorMittal Price and Consensus\n  \nArcelorMittal price-consensus-chart | ArcelorMittal Quote\n\nMT’s Rank & Key Picks\nMT currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, DuPont de Nemours, Inc. DD and CF Industries Inc. CF. Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 160% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for DD’s current-year earnings is pegged at $3.88 per share, indicating a year-over-year rise of 11.5%. DD, a Zacks Rank #2 (Buy) stock, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.9%. The company's shares have rallied roughly 16.9% in the past year.The Zacks Consensus Estimate for CF’s current-year earnings is pegged at $6.32 per share. CF, a Zacks Rank #1 stock, beat the consensus estimate in two of the last four quarters while missed twice, with the average earnings surprise being 10.3%. CF has rallied around 18.3% in the past year. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nArcelorMittal (MT) : Free Stock Analysis Report\nDuPont de Nemours, Inc. (DD) : Free Stock Analysis Report\nCF Industries Holdings, Inc. (CF) : Free Stock Analysis Report\nCarpenter Technology Corporation (CRS) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488381952"}