ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits
Published . Updated .
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This report is about tariffs and trade and steel.
Directly affected
- MT ArcelorMittal
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- SLX VanEck Steel ETF-2.2% 15d
VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).
- NUE Nucor+10.7% 30d
Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.
- CAT Caterpillar-23.2% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere-2.9% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| MT | -1.14% | -2.05% | base | after close | after close | after close | after close |
| XLI | +0.40% | +0.18% | base | after close | after close | after close | after close |
| XRT | -5.03% | -3.40% | base | after close | after close | after close | after close |
| SLX | +0.29% | +0.29% | base | after close | after close | after close | after close |
| VGK | -2.35% | -2.42% | base | after close | after close | after close | after close |
| NUE | +2.64% | +3.58% | base | after close | after close | after close | after close |
| CAT | +9.45% | +3.80% | base | after close | after close | after close | after close |
| DE | -2.37% | -1.28% | base | after close | after close | after close | after close |
| WMT | -6.18% | -1.18% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits WSJ
Source: The Wall Street Journal
How far Select Sector Spdr Tr (XLI) has moved since 5 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | +3.80% | final price |
| Caterpillar (CAT) | five days earlier | +9.45% | final price |
| Deere (DE) | three days earlier | -1.28% | final price |
| Deere (DE) | five days earlier | -2.37% | final price |
| ArcelorMittal (MT) | three days earlier | -2.05% | final price |
| ArcelorMittal (MT) | five days earlier | -1.14% | final price |
| Nucor (NUE) | three days earlier | +3.58% | final price |
| Nucor (NUE) | five days earlier | +2.64% | final price |
| Vaneck Etf Trust (SLX) | three days earlier | +0.29% | final price |
| Vaneck Etf Trust (SLX) | five days earlier | +0.29% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -2.42% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -2.35% | final price |
| WMT | three days earlier | -1.18% | final price |
| WMT | five days earlier | -6.18% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | +0.18% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +0.40% | final price |
| Spdr Series Trust (XRT) | three days earlier | -3.40% | final price |
| Spdr Series Trust (XRT) | five days earlier | -5.03% | final price |
Congressional trades in the stocks in this story
- Rep. Michael T. McCaul sold Nucor (NUE) (held by a spouse), worth $50,001 - $100,000 on 25 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 38 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 34 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 38 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLI)
Companies tied to this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits.” Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- SLX Vaneck Etf Trust
For “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits,” Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
- VGK Vanguard Intl Equity Index F
In “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)
- NUE Nucor
In “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits,” Nucor (NUE) is linked, with no stored direction, medium confidence. Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- MT ArcelorMittal
ArcelorMittal (MT) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits.” Reason on file: ArcelorMittal S.A (steel works, blast furnaces and rolling mills (coke ovens), with business in Europe): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- CAT Caterpillar
For “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
For “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Select Sector Spdr Tr (XLI)
On 5 Nov 2026, “ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits” is the story that connects Select Sector Spdr Tr (XLI) to this story.
What ties Select Sector Spdr Tr (XLI) to the headline is this: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
A second company, Spdr Series Trust (XRT), is listed for a different reason: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
Dates and price levels for Select Sector Spdr Tr (XLI)
SLX traded between 101.26 and 107.05 across 14 sessions. The latest close on file is 103.58. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
What the saved facts support for Select Sector Spdr Tr (XLI)
46 out of 100
“ArcelorMittal Says Europe’s Steel Tariffs Are Boosting Profits” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.