Stocks linked to raw materials, such as oil and steel companies, have led the growth in forecasts since the beginning of the year. But, ArcelorMittal’s growth forecasts have exceeded expectations: 250% more than what was predicted in January of this year and up to 54% more than two months ago. More than 6.9 billion euros are expected to be earned. It will thus lead the Ibex 35 earnings ranking this year.
But, parallel to this, ArcelorMittal presents in its facilities in Gijón (Asturias) its plans for the manufacture of green steel; that is, with more sustainable technologies in order to contribute to the process of decarbonization of this electro-intensive sector.
ArcelorMittal recently announced that it has completed its third share buyback programme. At market close on 5 July 2021, ArcelorMittal had repurchased 24,458,524 shares for a total value of approximately EUR 630,358,341.54.
ArcelorMittal is the world’s leading steel and mining producer, present in 60 countries and with industrial facilities in 18 countries. ArcelorMittal has 11 industrial plants in Spain linked to the Flat Products, Long Products and Downstream Solutions business lines.
