ArcelorMittal completes first buyback tranche, launches new 10M share repurchase
Key Facts
In a move that underscores ArcelorMittal's commitment to shareholder capital returns, the company completed the first tranche of its 2025-2030 share buyback program, repurchasing 10 million shares at an average price of €49.32, according to reports. It immediately launched a second tranche of up to 10 million shares, as part of its policy to return at least 50% of post-dividend annual free cash flow.
The buyback comes as the stock trades above the average repurchase price—MT closed at $60.22 on June 30, 2026, per market data. The program signals management confidence in future cash flows, amid a steel industry focus on capital efficiency and shareholder value.
Investors can watch the second tranche's progress, which may take several months, potentially reducing outstanding shares and boosting earnings per share. Looking ahead, steel prices and global demand remain key drivers for the stock, alongside any updates to the buyback program itself.