Overview
Arcelormittal is one of the world’s largest steel producers, having operations in more than 60 countries. Founded in 2006, the company has grown rapidly and today employs over 200,000 people worldwide. Along with its growth and success, Arcelormittal has seen its share price increase significantly over the last decade. In this article, we will take a look at the Arcelormittal share price history and discuss some of the factors that have contributed to the company’s success.
History of Arcelormittal Share Price
Since its inception in 2006, Arcelormittal has seen its share price increase steadily. In 2006, the company’s share price was just $10 per share. Over the next few years, the share price gradually rose, reaching a high of $50 in 2011. Since then, the share price has continued to increase, reaching a peak of $75 in 2015. Since then, the share price has remained relatively steady, fluctuating between $60 and $75 per share.
Factors Contributing to Arcelormittal Share Price Increase
There are several factors that have contributed to Arcelormittal’s share price increase over the last decade. Firstly, the company has seen strong growth in its core steel production business. This has enabled the company to increase its profits and dividends, which has in turn driven up the share price. Secondly, the company has made strategic acquisitions and investments, which have helped it to expand its global reach and diversify its operations. This has resulted in higher profits and further share price increases.
Arcelormittal Share Price Predictions
It is difficult to accurately predict the future of Arcelormittal’s share price. However, analysts believe that the company will continue to benefit from its strong growth in its core steel production business. In addition, the company’s strategic investments and acquisitions should help to drive further growth and share price increases. As such, analysts predict that the share price could rise to $100 or higher by the end of 2023.
Conclusion
In conclusion, Arcelormittal’s share price has seen steady increases over the last decade. This has been driven by strong growth in the company’s core steel production business and strategic investments and acquisitions. Looking ahead, analysts believe that the share price could reach $100 or higher by the end of 2023. For investors looking to purchase Arcelormittal shares, now may be a good time to do so.