Barclays Maintains an Equal Weight Rating on ArcelorMittal S.A. (MT)

ArcelorMittal S.A. (NYSE:MT) is among the 10 Best Steel Stocks to Buy Right Now.

On February 23, 2026, Barclays analyst Tom Zhang upgraded ArcelorMittal S.A. (NYSE:MT)'s price objective to EUR 45 from EUR 39, maintaining an Equal Weight rating.

On February 17, 2026, Morgan Stanley analyst Alain Gabriel raised his price objective on ArcelorMittal S.A. (NYSE:MT) from EUR 46.20 to EUR 54.30 while retaining an Overweight rating.

On February 5, 2026, Reuters reported that ArcelorMittal S.A. (NYSE:MT)'s fourth-quarter EBITDA was $1.59 billion, exceeding the $1.51 billion consensus by $80 million. Shares rose more than 3% to their highest level since August 2011. The company expects EU policies, such as the Carbon Border Adjustment Mechanism and anticipated import quota cuts, to lower flat and long steel imports into the bloc by almost 40% compared to 2024 levels. Management said that these measures should promote higher capacity utilization and profitability, with full effects expected in 2027, while anticipating 2% global demand growth excluding China.

As of February 25, 2026, the stock is up by 42.20% year to date.

ArcelorMittal S.A. (NYSE:MT) is a holding company that manufactures steel and operates mines. It has the following business segments: NAFTA, Brazil, Europe, Africa and Commonwealth of Independent States (ACIS), and Mining.

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