Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
Nucor Board Approves Additional Funding for W.Va. Sheet Mill
23 February 2023 - Nucor Corp. has marked up the price tag on its planned West Virginia sheet mill, saying the project will cost US$400 million more than first thought.
Ternium to Invest US$2.2 Billion in North American Slab Plant, DRI Furnace
16 February 2023 - Ternium announced Tuesday that it will invest US$2.2 billion in a North American electric arc furnace–based slab plant and direct reduction furnace.
U. S. Steel Restarts Idled Mon Valley Works BF
06 February 2023 - Increasing demand has prompted United States Steel Corporation to restart the No. 3 blast furnace at its Mon Valley Works in Pennsylvania.
Nucor Banks Record 2022 Profits
26 January 2023 - Nucor Corp.’s 2022 profits leaped 24% as the company recorded its safest and most profitable year ever.
SDI Achieves Record Profitability in 2022
25 January 2023 - 2022 was a banner year for Steel Dynamics Inc. as the U.S. steelmaker posted record net sales, profits and shipments.
Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings
11 January 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work.
Healthy Demand Pushes Up CMC’s Q1 Profits
09 January 2023 - Long products maker Commercial Metals Company (CMC) saw its fiscal first quarter profits rise 12% due in part to strength in North American demand, the company said on Monday.
Steel Dynamics Expects Q4 Earnings to Decline
16 December 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations.
Nucor Expects Q4 Earnings to Slide, Announces Expansion of Steel Towers Business
16 December 2022 - Nucor Corp. expects its fourth-quarter earnings to fall roughly 45% due in part to lower volumes and lower average selling prices, the company said on Thursday.
LIBERTY Steel Reaches Agreement on Debt Restructuring
15 November 2022 - LIBERTY Steel Group tentatively has reached an agreement in principle to restructure its global debt, but is still trying to negotiate a plan for its European steel business, the company has said.
Lower Prices, Destocking Bite Into ArcelorMittal Q3 Profits
10 November 2022 - ArcelorMittal saw its third-quarter profits cut by more than 75% on reduced shipments and lower prices for those shipments.
Algoma Reports Progress on EAF Installation
09 November 2022 - Algoma Steel’s transformative electric arc furnace (EAF) installation remains on track, despite a number of operational setbacks elsewhere that dampened the company’s fiscal second-quarter results.
JSW Steel Lines Up Financing for U.S. Plate Mill Modernization
27 October 2022 - JSW Steel has secured US$182 million in financing for the modernization of its Baytown, Texas, plate mill, the company reports.
H2 Green Steel Finds Debt Financing for Mill Project
26 October 2022 - Swedish steelmaking startup H2 Green Steel has tentatively arranged EUR3.5 billion in debt financing to support construction of its planned mill, the company reports.
Nucor Foresees Record-Breaking Earnings for 2022
20 October 2022 - The steelmaker said despite challenging market conditions amid economic uncertainty, it expects 2022 to be the most profitable year in the company’s history.
Steel Dynamics Reports Record Shipments in Third Quarter
20 October 2022 - In its third-quarter earnings results, Steel Dynamics Inc. yesterday said it achieved record quarterly steel shipments of 3.2 million tons.
U. S. Steel Leans into Market Headwinds
16 September 2022 - United States Steel Corporation expects to report adjusted net earnings of somewhere between US$1.90 and US$1.95 per diluted share this quarter, even as market headwinds begin to impact the business, the company has said.
Nucor Anticipates Record Year, but Comparatively Lower Q3 Results
15 September 2022 - Nucor Corp. expects its third-quarter earnings to fall roughly 13% year over year on lower shipments and prices at its steel mills.
SDI Q3 Earnings Expected to Soften but Sees Underlying Demand Persist
15 September 2022 - Steel Dynamics Inc. expects its third-quarter earnings to drop roughly 23% from the prior three months due in part to lower average flat-rolled prices.
BlueScope Steel Plants a Much Bigger Flag in the U.S.
15 August 2022 - North Star BlueScope Steel has begun ramping up the addition to its Delta, Ohio, USA, plant after having produced the first prime coil in June, the company reports.
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