ArcelorMittal surges 5% on possible South Africa's business takeover bid 📈

Open account Download free app

Shares of the Arcelor Mittal (MT.NL) surge more than 5% today, reaching the highest level since 2022 amid reports that South Africa’s Industrial Development Corp. (IDC) is weighing a 8.5 billion rand ($491m) takeover of ArcelorMittal South Africa’s operations after two years of negotiations. ArcelorMittal remains the world’s largest steelmaker, with facilities in 18 countries and sales across 160. IDC is a state-owned financier with a mandate to support industrial recovery in South Africa.

If the deal clears regulators, IDC plans to bring in international steel players as partners, with Networth Investments among those mentioned.
In 2023, ArcelorMittal SA warned of shutting down Newcastle and Vereeniging plants – critical suppliers for the automotive and mining industries, employing 3,500 staff and 100,000 suppliers.
High energy costs, weak rail links, and cheap imports pushed Amsa toward closures. IDC sees an acquisition as a way to stabilise and restart operations.
IDC is ready to repay ArcelorMittal loans and inject fresh cash. Several investors have already approached IDC about joint ventures or co-financing.

Arcelor Mittal (MT.NL, D1 interval)

Source: xStation5

11 March 2026, 12:38 PM

Nebius shares surge 10% amid Nvidia $2 bln investment 📈

11 March 2026, 12:26 PM

Market Wrap: Market awaits Middle East resolution and US CPI🕞

10 March 2026, 1:01 PM

Nvidia expands into software AI sector? Wired reports on NemoClaw

10 March 2026, 12:59 PM

Market Wrap: Energy Stocks Retreat as Hopes for End to Iran War Grow 🌍 (10.03.2026)

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days