Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
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.
ArcelorMittal Posts US$7.9B Loss in 2015
05 February 2016 - ArcelorMittal, the world’s largest steelmaker, lost US$7.9 billion in 2015 on lower prices and large write-downs in its iron ore business.
Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red
04 February 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.
Nucor 2015 Profits Fall; Underperforming Joint Venture Contributes to 4Q Loss
29 January 2016 - U.S.-based Nucor Corp. saw its 2015 profits fall 39 percent on account of lower prices and declining shipments.
U. S. Steel Posts US$1.5B Loss in 2015
27 January 2016 - 2015 will go down as a significant year for United States Steel Corporation, but for the wrong reasons: the integrated steelmaker posted a net loss of US$1.5 billion on the year, illustrating the difficult market conditions the company and other steelmakers are facing.
Accounting Charges, Mill Idling Costs Help Sink AK Steel's 2015 Earnings
26 January 2016 - Although sales and shipments rose in 2015, U.S.-based AK Steel Corp. lost US$510.7 million on the year after writing off investments in its iron ore and incurring costs to idle its Ashland, Ky., steel works, the company has announced.
Improved Metal Spreads Lift Insteel Industries Q1 Profits
21 January 2016 - U.S.-based Insteel Industries Inc.’s first-quarter profits rose nearly 62 percent to US$6.7 million, the company reported.
Fourth Quarter Impairment Charges Cost Allegheny Technologies US$267M
20 January 2016 - Specialty steelmaker Allegheny Technologies Inc. said its fourth-quarter earnings will take a US$267 million hit from inventory charges, write-offs, and costs associated with layoffs and mill idlings.
AK Steel, Steel Dynamics Expecting Low-Cost Imports to Weigh Down Fourth-Quarter Results
18 December 2015 - AK Steel Corp. said it expects to report a greater-than-anticipated net loss of between 33 cents and 38 cents per share in the fourth quarter, due in part to costs associated with idling its Kentucky blast furnace.
Universal Stainless' Net Sales Expected to Drop 19 Percent
16 October 2015 - Specialty steelmaker Universal Stainless & Alloy Products Inc. said that it expects to record a third-quarter loss of US$2.40 to US$2.45 per share, partly on account of costs associated with throttling back production.
