ArcelorMittal Buys Back 10M Shares, Starts Next Tranche

ArcelorMittal completed the first tranche of its 2025–2030 share buyback program, repurchasing 10 million shares at an average price of €49.32 each, the company said. The shares are held in treasury and slated for future cancellation.

The steel producer immediately started a second tranche, authorizing the repurchase of up to 10 million more shares. Shareholders approved the program at the annual meeting in May.

Future repurchases will occur in periodic tranches through May 2030, contingent on cash flow and market conditions, the company said. ArcelorMittal operates in 60 countries and is focused on low-carbon steel production. AlphaScala assigns MT an Alpha Score of 74 out of 100, a Moderate rating.