ArcelorMittal Expects FY23 Capex To Be Towards The Mid-Point Of The Previously Communicated Guidance Range Of $4.5B-$5B; Expects To Deliver $1.3B Of Additional Normalized EBITDA
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal (MT) expects its FY23 capital expenditure to be around the mid-point of the previously communicated guidance range of $4.5B-$5B. The company also anticipates delivering an additional $1.3B of normalized EBITDA. ArcelorMittal remains positive on the medium/long-term steel demand outlook and continues to focus on safety and executing its growth strategy.
November 09, 2023 | 7:01 am
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ArcelorMittal's FY23 capex guidance and expected additional EBITDA could indicate a positive financial outlook, potentially impacting the company's stock positively in the short term.
ArcelorMittal's guidance on capital expenditure and expected additional EBITDA indicates a strong financial position and potential for growth. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100