ArcelorMittal SA (MTS)

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ArcelorMittal SA (MTS) Profile

ArcelorMittal SA (MTS.xmad) is a multinational steel and mining company headquartered in Luxembourg City, Luxembourg. It is the second-largest steel producer in the world with a 78.46M metric tonnes annual production. ArcelorMittal SA has 168,000 employees and operates a geographically diversified portfolio of mining operations in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, and Ukraine. The company’s products include iron ore lump, fines, concentrate pellets, sinter feed, and metallurgical coal. ArcelorMittal SA (MTS.xmad) is listed on the Euronext, the New York Stock Exchange (NYSE), the Madrid Stock Exchange (BMAD), the Luxembourg Stock Exchange (LuxSE), it is a component of the Amsterdam Exchange Index (AEX), and the French Stock Market Index (CAC 40). ArcelorMittal has a €27.63B (EUR) market cap and €53.27B (EUR) in 2020 yearly revenues. In September 2020, the steel company sold its US business to Cleveland Cliffs Inc. for $1.4B (USD). In April 2021, ArcelorMittal lost its majority stake in the Italian subsidiary Ilva S.p.A. due to the infusion of capital by the government of Mario Draghi, which took a 38% share and 50% of the voting rights. The Liberian government and ArcelorMittal signed an amendment to expand the company’s mining and logistics operations in Liberia, one of the largest mining projects in West Africa. Recently, ArcelorMittal SA announced that it had signed a €1.1 billion project with the governments of Belgium and Flanders to build a 2.5 million-tonne direct reduced iron plant in Ghent and two new electric vehicles furnaces. The action is expected to reduce carbon dioxide (CO2) emissions by 3.9M tonnes per year by 2030.

ArcelorMittal SA (MTS.xmad): Trade a Contract for Difference (CFD) on MTS.xmad and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
10:00 - 18:30
Mon
10:00 - 18:30
Tue
10:00 - 18:30
Wed
10:00 - 18:30
Thu
10:00 - 18:30
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 11764

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