Arcelor Mittal closes at $31.43, increasing by 25.5 cents and adding one more to its four straight day of gains

Published: January 25 2023, 21:06 GMT+0

Arcelor Mittal closes at $31.43, increasing by 25.5 cents and adding one more to its four straight day of gains

Today at a glance: the Luxembourgian steel producer went up to $31.43, gaining 0.82%.

  • Today's trading volume was 1.44 million shares which is slightly below the 21-day average of 2.14 million.

Arcelor Mittal climbed to $31.17 with similar gains seen throughout the Basic Materials sector (up 0.734%).

This year has been a bright one for the Luxembourgian steel producer after trading as low as $19.85 and going on to appreciate by 17.05% year to date. Arcelor Mittal is currently trading with a market cap of $25.64 billion with an average daily volume of 2.14 million shares. Arcelor Mittal is forecasted to generate revenues of $18.36 billion and EPS of $1.26.

This rally in Arcelor Mittal's share price coincided with other materials stocks as BHP Billiton traded at $70.77 after closing today's trading day at $69.76 (up 1.44%). Rio Tinto was up 1.12%.

Arcelor Mittal went up today, yet these materials stocks did not follow — Linde stumbles 0.69% today to close at $328.63.

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