Analysis for ArcelorMittal
Description & usage
ArcelorMittal is a global steel producer with operations across Europe, the Americas, and other regions. The business is cyclical and highly exposed to steel pricing, industrial and construction demand, and energy costs. Key drivers are utilization, cost competitiveness, product mix, and decarbonization investment execution.
Basic info
- Symbol
- MT.AS
- Type
- Stock
- Region
- Europe
- Sector
- Materials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- MT.AS
- Type
- Stock
- Region
- Europe
- Sector
- Materials
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- EZ HICP
- 2.0%
- ECB Rate
- 4.25%
- Bund 10Y
- 3.03%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core HICP
- 2.3%
- DE 2Y
- 2.62%
- EZ PMI
- –
Analysis summary
Technical asset picture
ArcelorMittal (MT.AS) currently has a total score of 66 points, placing it in the strong range. The score is made up of Performance (73), Stability (50) and Trend (73).
Performance scores 73 points (strong). Key strength: 1Y return at 106.7 %. Even the weakest return is still strong in absolute terms: 3Y return at 66.8 %.
Stability scores 50 points (neutral). Key strength: return/volatility ratio at 2.92. Weaker metric: max drawdown (10Y) at -78.9 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 73 points (strong). Key strength: 12M momentum at 139.5 %. Main drag: Price is about 6.9 % below SMA50.
Overall, the score is shaped most by Trend; Stability trails and dampens the total. On a metric level, 12M momentum stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: Euro area PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.