ArcelorMittal stock holds near EUR 62.86 as steel costs rise

Published on 09/22/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ArcelorMittal stock closed at EUR 62.86 on September 21, 2026, down 0.41 percent. BofA kept a buy rating while warning of margin pressure.

Schwarzweiß-Reportagefoto von Stahlarbeitern an Walzwerk-Maschinen — ArcelorMittal S.A. (LU1598757687) produziert Stahlbleche, diese dokumentarische Schwarzweißaufnahme zeigt Arbeiter an Walzanlagen, Illustration mit AI erstellt.

ArcelorMittal stock (ISIN LU1598757687) closed at EUR 62.86 on Euronext Amsterdam on September 21, 2026, down EUR 0.26 or 0.41 percent. The move came as Investing.com reported on September 21, 2026, that Bank of America sees margin pressure for European steelmakers from higher energy costs.

Energy costs pressure margins

Bank of America reiterated a buy rating on ArcelorMittal on September 21, 2026, while updating price targets across European steelmakers to reflect revised earnings estimates. The report kept target multiples unchanged, making earnings assumptions and production costs the key variables in the assessment.Investing.com

The counter-factor is visible in the same September 21, 2026 report: rising energy costs can compress steel margins even when selling prices remain firm. For ArcelorMittal, the comparison is therefore not only between revenue and shipments, but also between steel prices and the cost base required to produce each tonne.

Stock remains below recent high

The September 21, 2026 close of EUR 62.86 stood below the session high of EUR 64.16 and above the daily low of EUR 62.82. Volume reached 1,081,859 shares, while market capitalization was EUR 48.7165 billion on that date, according to the quoted market data.

The stock's one-year comparison was stronger than the daily result. The same market overview records a price of EUR 30.11 on September 22, 2025, against EUR 62.86 on September 21, 2026, a gain of EUR 32.75 or 108.77 percent. Over five trading days, however, the price fell from EUR 65.54 to EUR 62.86, a decline of EUR 2.68 or 4.09 percent.

ArcelorMittal stock closes at EUR 62.86

ArcelorMittal stock closed at EUR 62.86 on Euronext Amsterdam on September 21, 2026, with a daily change of minus 0.41 percent. The dated market picture combines a 108.77 percent one-year gain with a 4.09 percent five-day decline, while energy costs remain the central margin risk identified by Bank of America on September 21, 2026.