.gif?width=220&height=200&mediaprotectionhash=b13da841472e6e7ed500ee35df2a350aaf53d75246118b33ea2095cc7e9a3fc4&ext=.gif)
Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
U. S. Steel to Restart Idled Tube Mill
26 April 2017 - United States Steel Corp. said it is restarting an idled electric-weld tube line in Texas and has reconsidered the closing of a pipe processing line in Ohio.
U. S. Steel Speeds Up Mill Upgrades at the Expense of Near-Term Earnings
26 April 2017 - United States Steel Corp. shares slid nearly 27% on Wednesday after the integrated steelmaker posted an unexpected US$180 million loss and said an accelerated plan to rehab its mills would cut into future earnings.
Steel Dynamics Sees Increase in Demand, Profits
20 April 2017 - Improving steel demand and rising prices allowed Steel Dynamics Inc. to more than double its first-quarter profits, the company said on Wednesday.
SDI Expects Q1 Earnings to Rise Sharply
20 March 2017 - Steel Dynamics Inc. is forecasting a significant improvement in its first-quarter earnings on rising shipments and expanding spreads.
ArcelorMittal Swings to Profitability in 2016; Plans Capital Spending Increase
10 February 2017 - Coming off its worst year since the 2006 merger that created it, ArcelorMittal recorded a US$1.8 billion profit in 2016 on an improving steel market and early savings in a turnaround initiative, reports the (London) Financial Times.
U. S. Steel Allots $200 Million for Mill Projects
06 February 2017 - United States Steel Corp. said it will invest US$200 million in its mills during the next several years, reports The Times newspaper of northwest Indiana.
Report: Serbian Mill Ends Seven Years of Losses
20 January 2017 - Less than a year after acquiring Serbia’s Zelezara Smederevo steel works, China’s Hesteel Group said it has returned the facility to profitability, reports Xinhua, China’s official news agency.
TMK Forecasts Improving Conditions in 2017
16 January 2017 - Oil country tubular goods maker TMK said it expects the U.S. oil and gas market will continue to recover this year on the back of global rebalancing, spurring increased pipe consumption.
Commercial Metals Adding New Product to Lineup
09 January 2017 - Long products manufacturer Commercial Metals Co. on Monday posted a first-quarter profit of US$6.3 million and revealed plans to produce hot-rolled, spooled rebar at its new mill in Oklahoma.
Seasonal Declines Expected to Dampen Nucor Earnings
15 December 2016 - Nucor Corp. expects to post weaker fourth-quarter earnings due to the typical end-of-year slowdown, the company said on Thursday.
U. S. Steel Records Q3 Profit, Reaches Agreeement on Stelco Sale
01 November 2016 - United States Steel Corp. posted a third-quarter profit of US$51 million and has agreed to sell the former Stelco to a private investment firm, the company announced on Tuesday.
TimkenSteel's Vertical Caster Surpassing Expectations
31 October 2016 - TimkenSteel is keeping its vertical jumbo-bloom caster as busy as possible, with about 45% percent of the steel melted at its Faircrest, Ohio, mill being cast on the machine, TimkenSteel chairman and chief executive Tim Timken said on Friday.
Goncalves: Cliffs Determined to Build DRI Plant
27 October 2016 - Saying that his company's future growth will depend on its ability to supply America's electric arc furnaces, Cliffs Natural Resources chief executive Lourenco Goncalves promised to build a direct reduction plant somewhere in the Great Lakes region.
Ferriola Confident Big River Won't Drain Nucor's Business
21 October 2016 - Nucor Corp. is prepared to battle start-up Big River Steel, and, in fact, believes it has the upper hand on its new competitor, Nucor chief executive John Ferriola said Thursday.
Steel Dynamics Forecasts Rising Q3 Profits
20 September 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.
Nucor Forecasts Rising Third-Quarter Earnings
15 September 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.
Tata Steel Records First-Quarter Loss
12 September 2016 - Tata Steel lost US$475 million in the first quarter of its fiscal year, weighed down by a steep loss on its discontinued European long products business, which it sold earlier this year, the (London) Financial Times.
SAIL Records Fifth Straight Quarterly Loss, Forecasts Increasing Steel Demand
09 September 2016 - India’s largest steelmaker lost US$81 million in the first quarter of its fiscal year, but is forecasting increasing demand and is advancing plans to boost capacity, reports the Bloomberg news service.
Aided by Its North American Sheet Mill, BlueScope's Fortunes Rise in Fiscal 2016
22 August 2016 - Australia’s BlueScope Steel more than doubled its underlying net profits in fiscal 2016 due in part to higher sales and cost reductions as well as to having taken full ownership of its U.S. sheet mill.
EVRAZ Sees North American Sales for Rail, Tube Decline
19 August 2016 - Russia’s EVRAZ saw its sales fall nearly 28 percent in the first half of 2016, primarily on lower prices and weaker demand. But the second quarter brought about improving conditions, and the company is therefore “cautiously optimistic” about the second half, it said on Thursday.
_1.jpg?width=100&height=200&mediaprotectionhash=e817ea75e8c413fd6ce48f3d3af9bfea72af81b1ec90ee33ad39b089fd969104&ext=.jpg)
