Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
TMK Looks for Strong Second Half of 2017
21 August 2017 - Russian tubemaker PAO TMK posted a US$19 million loss in the second quarter, but remained profitable through the first half of 2017, the company said.
Tenaris Posts US$73 Million Profit on Rising North America Tube Sales
04 August 2017 - Tubemaker Tenaris SA saw sales of seamless and welded tube increase 31% to 624,000 tons in the second quarter, the company reported.
Better Steel Prices Strengthen Ternium's Second-Quarter Profits
02 August 2017 - Second-quarter profits at Latin American steel producer Ternium rose nearly 62% on higher steel prices, the company said.
TimkenSteel Posts US$1.3 Million Profit in Second Quarter
31 July 2017 - New steel orders helped pushed TimkenSteel’s second-quarter earnings into the black.
U. S. Steel Posts US$162 Million Profit in Second Quarter
26 July 2017 - United States Steel Corporation swung to profitability in the second quarter on higher average steel prices.
Steel Dynamics Takes One to the Snout
21 July 2017 - A bad line component forced Steel Dynamics Inc.’s (SDI) new Galvalume and paint lines to go down in the second quarter, contributing to an estimated US$30 million impact on earnings, SDI chief executive Mark Millett said on Thursday.
Higher Steel Prices Boost Q2 Profits at Steel Dynamics
20 July 2017 - Steel Dynamics Inc. saw its second-quarter profits rise 8.5% on higher average prices for its steel.
Commercial Metals Sees Third-Quarter Profits Rise
22 June 2017 - Stronger shipments of scrap and mill products helped advance Commercial Metals Company’s third-quarter profits, which rose to US$39.3 million, the company said Thursday.
Nucor Anticipates Softer Second-Quarter Profits
15 June 2017 - Nucor Corp. said it expects its second-quarter earnings to fall short of its first-quarter results as competitive pressure mitigates profits.
North American OCTG Demand Lifts TMK Profits
19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.
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.
