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Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
U. S. Steel Records Another Loss, But Sees Better Results Ahead
27 July 2016 - United States Steel Corp. lost US$46 million in the second quarter due in part to losses in its tubular division, but the steelmaker said it expects conditions to continue to improve for its other businesses during the second half of the year.
POSCO Earnings Miss Analysts' Estimates
22 July 2016 - POSCO recorded an operating profit of US$597.7 million between April and June, falling short of analysts’ expectations, according to the Reuters news service.
Nucor's Profits Rise in Second Quarter
21 July 2016 - Nucor Corp.’s second-quarter profit rose to US$233.8 million on and improving supply-side conditions, the company reported Thursday.
Improving Flat Rolled Market Lifts Profits at Steel Dynamics
18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.
Better Margins, Prices Expected to Boost BlueScope's Bottom Line
14 July 2016 - Australia’s BlueScope Steel Ltd. said it expects to beat its second-half earnings guidance due to higher margins in its U.S. businesses and greater Asian steel prices.
Nucor Forecasts Higher Profits in Second Quarter
15 June 2016 - Nucor Corp. expects its second-quarter earnings to increase 66 percent, if not more, on rising shipments and prices, the steelmaker said on Wednesday.
Steel Dynamics Expects Profitable Second Quarter on Improvements in Flat Rolled Market
13 June 2016 - U.S.-based Steel Dynamics Inc. expects to nearly double its second-quarter profits over the first quarter due to better metal spreads and increased shipments, the company said on Monday.
ArcelorMittal Sees Another Quarter in the Red
06 May 2016 - The world's largest steelmaker posted another unprofitable quarter on Friday, recording a net loss of US$416 million due to low steel prices.
Restructuring Costs, Production Disruptions Contribute to Allegheny Technologies' First-Quarter Loss
27 April 2016 - Specialty metals producer Allegheny Technologies Inc. posted a net loss of US$101.2 million due to the ongoing market downturn, restructuring costs and the disruption caused by its now-ended lockout of the United Steelworkers union.
Losses Continue to Mount for United States Steel Corp.
26 April 2016 - United States Steel Corp. posted a first-quarter net loss of US$340 million on Tuesday and announced that it filed a Section 337 petition seeking to bar unfairly traded, Chinese-made steel products from entering the country.
Nucor's First-Quarter Sales Slide, But Sees Better Times Ahead
22 April 2016 - Nucor Corp. saw its first-quarter sales decline by 16 percent, but the steelmaker said the market has begun to improve and is expecting much better results this quarter.
Improvements in Flat Rolled Market Help Boost Steel Dynamics' Q1 Profits
21 April 2016 - U.S.-based Steel Dynamics Inc. doubled its first-quarter profits on greater shipments and improving market conditions, especially in its flat rolled business, the company reported Thursday.
Chinese Steelmakers Lost US$15.5 Billion in 2015
08 April 2016 - China’s steelmakers made a lot of steel in 2015, but they reportedly didn’t make any money in return: they collectively lost US$15.5 billion in 2015, according to Xinhua, China’s official news agency.
Commercial Metals' Second-Quarter Sales Drop, But Profits Increase
28 March 2016 - U.S. recycler and long products producer Commercial Metals Co. saw its second-quarter profits increase despite a decline in sales, the company reported.
Steel Dynamics Sees Some Market Improvement, And Profitability
16 March 2016 - U.S.-based Steel Dynamics Inc. said some market aspects have improved and expects to report first-quarter earnings of between 22 and 26 cents per diluted share, exceeding analysts’ estimates.
Falling Prices, Shipments Push U. S. Steel Canada Deep Into the Red
15 March 2016 - U. S. Steel Canada (USSC) posted a CAD144 million (US$107.8 million) operating loss in 2015 due to lower shipments and declining prices, according to a court filing.
Steel Imports Have Declined Slightly, Market Has Improved Modestly, Nucor Says
15 March 2016 - Nucor Corp. said its mills are benefiting from “modest” market improvements and expects to post a first-quarter profit of between 20 and 25 cents per share later this spring.
Grupo Simec Profits Fall 25% in 2015
29 February 2016 - Mexican SBQ producer said its 2015 profits declined 25 percent due to weaker steel prices, declining shipments and higher taxes.
Citing Losses, Australian Steelmaker Says It May Partially or Fully Close Its Integrated Steel Works
17 February 2016 - Arrium, an Australian iron ore miner and steel producer, posted an AU$235.8 million loss in the first half of fiscal 2016 and said it needs to find AU$60 million in cost savings or it will idle all or part of its integrated Whyalla works.
Texas, Louisiana Mini-Mills on the Sales Block, ArcelorMittal Confirms
08 February 2016 - In addition to its U.S. rail mill in Steelton, Pa., ArcelorMittal has put two other long products mini-mills on the market – its Vinton mini-mill near El Paso, Texas, and the other in LaPlace, La.
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