ArcelorMittal stock falls 3.74 percent as furnace resumes

ArcelorMittal stock (ISIN LU1598757687) was trading at EUR 56.06 on Euronext Amsterdam on October 7, 2026, down 3.74 percent from the EUR 58.24 prior close. The move came as Shanghai Metals Market reported that the Eisenhüttenstadt No. 5A blast furnace resumed normal operations on October 6, 2026.

German furnace returns to service

The stoppage began on September 25, 2026, and briefly constrained primary ironmaking capacity at the German site, according to Shanghai Metals Market. The restart reduces a site-specific operating issue for a plant that supplies the Western European flat steel market.

For investors, the operational update contrasts with the stock's immediate price action. The intraday range on October 7, 2026, was EUR 56.06 to EUR 57.94, while the 52-week range stood at EUR 31.87 to EUR 68.56.

Quarterly miss shapes valuation debate

ArcelorMittal reported second-quarter revenue of USD 16.76 billion and earnings per share of USD 0.90, versus consensus revenue of USD 17.56 billion and consensus earnings per share of USD 1.18, according to MarketBeat. Revenue still increased 5.2 percent from the same quarter a year earlier, but the earnings gap gives analysts a clear counterweight to the production restart.

That balance is visible in current broker positioning. MarketBeat reported on October 6, 2026, that Wells Fargo cut its NYSE price target from USD 69.00 to USD 64.00 while retaining an Equal Weight rating. The same overview showed five Buy and seven Hold ratings, producing a Hold consensus from 12 analysts and an average target of USD 74.55.

Stock trades below yearly high

At EUR 56.06, the Amsterdam-listed shares were 18.23 percent below the 52-week high of EUR 68.56 on October 7, 2026. Market capitalization was EUR 42.2 billion and trading volume was 358,951 shares at the quoted time.

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