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The latest update is out from ArcelorMittal ( (MT) ).
On 10 February 2026, ArcelorMittal confirmed a €1.3 billion investment to build a 2‑million‑tonne electric arc furnace at its Dunkirk, France, site, scheduled to start up in 2029. The project, hailed during a visit by President Emmanuel Macron and French ministers, is designed to cut CO₂ emissions from the plant’s steel output to around one‑third of traditional blast furnace levels.
Half of the investment will be backed by France’s Energy Efficiency Certificates scheme, while recent EU moves on tariff‑rate quotas and reform of the Carbon Border Adjustment Mechanism, plus a long‑term low‑carbon power contract with EDF, were cited as key to the decision. ArcelorMittal said these conditions underpin its broader European decarbonisation strategy, which also includes a €500 million electrical steel unit coming online this quarter at nearby Mardyck to serve electrification in industrial and automotive markets.
The most recent analyst rating on (MT) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on ArcelorMittal stock, see the MT Stock Forecast page.
Spark’s Take on MT Stock
According to Spark, TipRanks’ AI Analyst, MT is a Neutral.
MT scores mid-range primarily due to solid financial resilience (low leverage) and improved 2025 profitability, tempered by weak recent free-cash-flow conversion. Technically, the uptrend is strong, but overbought indicators increase near-term risk. Valuation is only modestly supportive (mid P/E, low yield), while the latest earnings call adds a positive outlook and project-driven growth narrative with identifiable cost, policy, and legal uncertainties.
To see Spark’s full report on MT stock, click here.
More about ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies, with operations in 60 countries and primary steelmaking in 14. It is the largest steel producer in Europe, a major producer in the Americas, and is expanding in Asia via its AM/NS India joint venture, supplying automotive, engineering, construction and machinery customers.
In 2024 the group generated $62.4 billion in revenue, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Listed in New York, Amsterdam, Paris, Luxembourg and several Spanish exchanges, ArcelorMittal focuses on developing lower-carbon, higher-strength steels to support the global energy transition and industrial decarbonisation.
Average Trading Volume: 1,445,876
Technical Sentiment Signal: Buy
Current Market Cap: $45.35B
Learn more about MT stock on TipRanks’ Stock Analysis page.