ArcelorMittal's decarbonization projects in Europe have been updated, leading UBS to reiterate its "Buy" recommendation for the stock with a price target of €26.5.
The investment firm believes that the company's cautious approach, waiting for clarity on European environmental policy before making final investment decisions, will be well-received by the market.
ArcelorMittal recognizes the importance of understanding environmental regulations to remain competitive in the face of increasing production costs. The company's focus on decarbonization aligns with industry trends and regulatory expectations in Europe.