We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ArcelorMittal to Roll Out Sustainability Program in Europe
Read MoreHide Full Article
ArcelorMittal (MT - Free Report) announced plans to launch a sustainability program across Europe. The company aims to secure the ResponsibleSteel site certification for all of its Flat Products sites in Europe through the program. The 12-month program will allow each site to prove that its production process meets strictly defined standards across a wide range of environmental, social and governance requirements.
Each Flat Products site has to undergo a comprehensive third-party audit with an independent certification committee to be awarded the ResponsibleSteel site certification. Initially, sites in Germany, Spain, Belgium and France will be subjected to auditing.
The company expects to secure the certification for each Flat Products site within the given timeframe, given the hefty investments it makes toward low carbon and environmental standards.
ResponsibleSteel plans to launch a standard for steel product certification next year. It is expected to include rigorous requirements for raw-material supply chain. ArcelorMittal is expected to play an active role in developing this part of the program.
The company’s shares have tumbled 26% in the past year compared with a 14.1% decline of the industry.
ArcelorMittal revised expectations for global apparent steel consumption (ASC) growth for 2019. It now expects global ASC growth of 0.5-1% compared with 0.5-1.5% growth mentioned earlier.
For the United States, the company expects a decline in ASC of 0.5-1% compared with flat to 1% growth stated previously. In Europe, it anticipates ASC decline of up to 3% compared with a 1-2% decrease mentioned earlier. Automotive demand weakness and slowing construction are expected to hurt ASC in Europe.
For Brazil, the company expects rise in ASC of 0.5-1%, down from 1.5-2.5% growth stated earlier. For China, it expects overall ASC growth of 1.5-2%, up from 0.5-1.5% mentioned previously. The company expects real estate demand to drive the upside in China.
General Moly has an expected earnings growth rate of 12.5% for the current fiscal year. The company’s shares have gained 53% in the past year.
Franco-Nevada has a projected earnings growth rate of 46.2% for 2019. The company’s shares have rallied 43.1% in a year.
Agnico Eagle has an estimated earnings growth rate of 168.6% for the current year. Its shares have moved up 66.5% in the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better. See these 7 breakthrough stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ArcelorMittal to Roll Out Sustainability Program in Europe
ArcelorMittal (MT - Free Report) announced plans to launch a sustainability program across Europe. The company aims to secure the ResponsibleSteel site certification for all of its Flat Products sites in Europe through the program. The 12-month program will allow each site to prove that its production process meets strictly defined standards across a wide range of environmental, social and governance requirements.
Each Flat Products site has to undergo a comprehensive third-party audit with an independent certification committee to be awarded the ResponsibleSteel site certification. Initially, sites in Germany, Spain, Belgium and France will be subjected to auditing.
The company expects to secure the certification for each Flat Products site within the given timeframe, given the hefty investments it makes toward low carbon and environmental standards.
ResponsibleSteel plans to launch a standard for steel product certification next year. It is expected to include rigorous requirements for raw-material supply chain. ArcelorMittal is expected to play an active role in developing this part of the program.
The company’s shares have tumbled 26% in the past year compared with a 14.1% decline of the industry.
ArcelorMittal revised expectations for global apparent steel consumption (ASC) growth for 2019. It now expects global ASC growth of 0.5-1% compared with 0.5-1.5% growth mentioned earlier.
For the United States, the company expects a decline in ASC of 0.5-1% compared with flat to 1% growth stated previously. In Europe, it anticipates ASC decline of up to 3% compared with a 1-2% decrease mentioned earlier. Automotive demand weakness and slowing construction are expected to hurt ASC in Europe.
For Brazil, the company expects rise in ASC of 0.5-1%, down from 1.5-2.5% growth stated earlier. For China, it expects overall ASC growth of 1.5-2%, up from 0.5-1.5% mentioned previously. The company expects real estate demand to drive the upside in China.
ArcelorMittal Price and Consensus
ArcelorMittal price-consensus-chart | ArcelorMittal Quote
Zacks Rank & Stocks to Consider
ArcelorMittal currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are General Moly, Inc , Franco-Nevada Corporation (FNV - Free Report) and Agnico Eagle Mines Limited (AEM - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
General Moly has an expected earnings growth rate of 12.5% for the current fiscal year. The company’s shares have gained 53% in the past year.
Franco-Nevada has a projected earnings growth rate of 46.2% for 2019. The company’s shares have rallied 43.1% in a year.
Agnico Eagle has an estimated earnings growth rate of 168.6% for the current year. Its shares have moved up 66.5% in the past year.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>