Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
SDI Chalks Up Record Quarterly and Annual Earnings
25 January 2022 - The steelmaker announced record quarterly and annual earnings in its steel, steel fabrication and metals recycling segments in a press release yesterday.
CMC Reports Record First-Quarter Results
11 January 2022 - Commercial Metals Company (CMC) yesterday announced financial results for its fiscal first quarter ending 30 November 2021, which included record core EBITDA levels for the third consecutive month.
Another Record Quarter Expected for SDI
17 December 2021 - Steel Dynamics Inc. (SDI) provided earnings guidance yesterday for the fourth quarter of 2021 ranging from US$5.46 to US$5.50 per diluted share.
Nucor Anticipates Another Record Quarter
15 December 2021 - In a press release today, Nucor Corp. issued guidance for its fourth quarter ending 31 December 2021, which it expects to be the highest in the company’s history.
Cleveland-Cliffs Announces Record Third-Quarter Results
22 October 2021 - The company today reported consolidated revenues of US$6 billion and net income of US$1.3 billion for the quarter ending 30 September 2021.
Nucor Reports Record Quarter, Expects Another
21 October 2021 - Nucor Corp. has reported record earnings in each consecutive quarter in 2021, and the company announced today it expects the same for the fourth quarter and possibly into 2022, citing strong demand and higher average selling prices.
SDI Reports Record Third Quarter
20 October 2021 - In an investors call earlier this week, Steel Dynamics Inc. (SDI) chairman and chief executive Mark Millett said the company saw third-quarter net sales of a record US$5.1 billion and net earnings of US$991 million.
SAIL Ready for Expansion, Says Chairman
29 September 2021 - Steel Authority of India Ltd. (SAIL) chairman Soma Mondal on Tuesday said the company is ready to move to the next phase of expansion, according to reports.
U. S. Steel Anticipates Strong Third Quarter
20 September 2021 - United States Steel Corporation has provided guidance for the third quarter of 2021, which the company calls a “quarter of records,” according to a press release.
Nucor Expects Record Third-Quarter Earnings
16 September 2021 - In announcing guidance for its third quarter, Nucor Corp. today said its earnings are expected to be the highest quarterly earnings in the company’s history.
SDI Sees Another Profitable Quarter on the Horizon
15 September 2021 - Steel Dynamics Inc. (SDI) is forecasting a record third quarter, driven again by strong demand and elevated prices.
Algoma Closes in on EAF Investment Decision
24 August 2021 - Integrated steelmaker Algoma Inc. is nearing a final investment decision on its proposed transition to electric steelmaking, the company’s chief executive has said.
U. S. Steel Reports a Stronger Q2 Than Last Year
03 August 2021 - United States Steel Corporation reported adjusted net earnings of US$964 million for the second quarter.
Cleveland-Cliffs Completes Major Share Buyback; Announces Indiana Harbor BF Maintenance Outage
29 July 2021 - Cleveland-Cliffs Inc. has spent US$1.2 billion to buy back all of the shares in a special class of stock held by ArcelorMittal.
Nucor's Q2 Earnings Were Its Best Ever
27 July 2021 - Nucor Corp. reported a record second quarter amid robust demand and higher average selling prices.
Bad Weather Delays SDI Mill Construction
21 July 2021 - Heavy rains and flooding in southeastern Texas have forced Steel Dynamics Inc. (SDI) to delay the planned start of steelmaking at its new flat-rolled mill.
SDI Posts Another Record Quarter: 'We Can't Make Enough Steel'
20 July 2021 - Steel Dynamics Inc. posted a record second quarter on Monday and said it potentially could do even better in the three months ahead.
Nucor Expects to Report Record Earnings — Again
16 June 2021 - Nucor Corp. is expecting to repeat its record-quarter performance, with strong demand and higher average selling prices lifting its profitability to new highs.
Steel Sector Lenders Launch Effort to Promote Industry Decarbonization
27 May 2021 - Six major steel industry lenders are working to set a framework for measuring the sector’s performance in meeting climate goals.
Planned Fossil-Fuel-Free Mill Sparks Investor Interest
24 May 2021 - A startup steelmaker has completed an initial US$105 million funding round for a project that aims to build a fossil-fuel-free mill in Sweden.
