1002 GMT - ArcelorMittal's stock looks cheap today relative to where it could trade if investors take a rosier view of the sector, Deutsche Bank analysts write. Valuation multiples for the steel industry have the potential to rise back to historical levels of around 5-5.5 times EV/Ebitda, a key ratio to assess a company's value. Meanwhile, Europe's largest steel producer trades at just above 4 times EV/Ebitda, which appears attractive, the bank says. ArcelorMittal would strongly benefit from EU trade protections because its business is closely tied to steel pricing and European market conditions, it says. The company's project pipeline also supports organic earnings growth and potential trade deals with Brazil, Mexico, Canada and Europe could also act as positive catalysts for the stock, the bank adds. Shares are up 0.3% at 36.52 euros.(maitane.sardon@wsj.com)
(END) Dow Jones Newswires
November 26, 2025 05:03 ET (10:03 GMT)
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