Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
Stelco Q2 Shipments Appear Bright, but the Company Sees Clouds on the Horizon
25 July 2022 - Stelco expects its second-quarter shipments to increase more than 10% over the prior quarter, pushing up profits, but the company anticipates headwinds in the form of declining steel prices in the remaining half of the fiscal year.
Cliffs: Pent-Up Auto Demand Is Increasing, and So Will Its Bottom Line
22 July 2022 - Cleveland-Cliffs Inc.’s second-quarter profits declined 24% as increased prices for natural gas, electricity, scrap and alloys as well as other one-time charges tamped down earnings.
Nucor Aims for Its Most Profitable Year Ever
21 July 2022 - The company today announced record quarterly consolidated net earnings of US$2.56 billion for the second quarter of 2022.
Steel Dynamics Reports Record Second Quarter
21 July 2022 - The steelmaker on Wednesday announced a record-breaking second quarter in terms of steel shipments, net sales and operating income.
SMS group Incoming Orders Reach 10-Year High
23 June 2022 - Mill equipment manufacturer SMS group said its order intake rose to its highest level in a decade, reaching EU3.5 billion in fiscal 2021.
Commercial Metals Company Forecasts Healthy Steel Demand
20 June 2022 - Fears of a recession to the contrary, Commercial Metals Company (CMC) executives said demand for rebar and other construction steels appears healthy.
U. S. Steel Expects Strong Q2
17 June 2022 - United States Steel Corporation expects to report second-quarter EBITDA of approximately US$1.6 billion, a new second-quarter record, the company said Thursday.
Steel Dynamics Expects a Record Q2
16 June 2022 - Steel Dynamics Inc. said it expects to report another record quarter later this summer, driven in part by strong steel demand and profitability at its steel mills.
Nucor Sees Another Earnings Record on the Horizon
15 June 2022 - Strong steel demand is expected to propel Nucor to its highest quarterly earnings yet, the company said on Wednesday.
ArcelorMittal Rallies Around Ukrainian Employees, Posts Q1 Profit
05 May 2022 - ArcelorMittal has evacuated approximately 1,000 people in Ukraine and, along with its employees, have donated more than US$7 million to support those affected by the war, the company said on Thursday.
U. S. Steel Sees NGO Line Start in 2023, Record Q1 Results
02 May 2022 - United States Steel Corporation’s planned electrical steel line is on schedule and already is generating interest among customers, chief executive David Burritt has said.
Cleveland-Cliffs Reports First-Quarter Earnings Results
25 April 2022 - Cleveland-Cliffs Inc. on Friday reported first-quarter 2022 net income of US$1.50 per diluted share, up from US$0.07 per diluted share in the first quarter of 2021.
Nucor Records Its Most Profitable First Quarter to Date
21 April 2022 - The company announced today it had achieved consolidated net earnings of US$7.67 per diluted share for the first quarter of this year, making it the most profitable first quarter in the company's history.
Record First Quarter for Steel Dynamics
21 April 2022 - The steelmaker announced its first-quarter 2022 results yesterday of US$5.71 per diluted share, up from US$2.03 per diluted share in the first quarter of 2021.
U. S. Steel Provides First Quarter Earnings Guidance
21 March 2022 - United States Steel Corporation last week provided earnings guidance for the first quarter 2022 with adjusted diluted earnings per share expected in the range of US$2.96 to US$3.00.
Nucor, SDI Share Q1 2022 Earnings Guidance
17 March 2022 - Both companies reported strong quarters throughout 2021 and in Q1 of 2022, they are expecting a quarter similar to their last quarters in 2021.
Commercial Metals Company Reports Record Second Quarter Earnings
17 March 2022 - Commercial Metals Company (CMC) earned US$383.3 million in revenue on net sales of US$2 billion in its fiscal second quarter, its second-best performance in the company’s history, according to an official press release.
Cleveland-Cliffs Reports Q4 and Full-Year 2021 Earnings
11 February 2022 - Cleveland-Cliffs Inc. today announced its 2021 full-year earnings of US$5.36 per diluted share, compared to a net loss in 2020 of $0.32 per diluted share. Fourth-quarter net income was US$1.69 per diluted share, compared to US$0.14 per diluted share for the same period in 2020.
U. S. Steel Reports Q4 and 2021 Annual Earnings
28 January 2022 - United States Steel Corporation president and chief executive David B. Burritt said the organization is a “fundamentally different company from a year ago” as it reports record earnings in 2021.
Record Earnings on the Books for Nucor
27 January 2022 - Nucor Corp. today announced higher-than-expected earnings for the quarter ending 31 December 2021.
