ArcelorMittal is projected to report Q3 2026 revenue of $17.15 billion and an adjusted EPS of $0.84, with its share price currently at $61.20 compared to a $74.55 analyst target. Investors are primarily focused on total steel shipment volumes, which are expected to show a recovery from seasonal lows to reach approximately 14.2 million tonnes.
Management previously guided for stronger shipment performance in the second half of 2026, driven by improved capacity utilization in Europe and the rollout of new strategic growth projects. The market is also closely monitoring the impact of trade measures like the Carbon Border Adjustment Mechanism (CBAM) on long-term profitability and margins.