ArcelorMittal Is Losing The Margin War–Here's Why
1. MT's stock rose 16% after better-than-expected Q1 2025 results. 2. Net income margin at 5.4% remains low compared to industry peers. 3. Weak margins are attributed to high European costs and sluggish demand. 4. The blast furnace model raises fixed costs, straining profitability. 5. Investors are cautioned due to cyclical nature and macroeconomic risks.