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Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
Nucor: A Record Quarter Is on the Books, Another Could Be Coming
22 April 2021 - Nucor Corp. saw its first-quarter earnings soar to a record US$942.4 million on strength in demand and high average selling prices, the company announced Thursday.
SDI Reports Record Q1 Profit, Prepares to Start Parts of Texas Mill
22 April 2021 - Steel Dynamics Inc. (SDI) is reiterating expectations that it will start process lines at its new flat-rolled mill late this spring.
SDI Thinks a Record Quarter Is in the Offing
18 March 2021 - Steel Dynamics Inc. said it potentially could post a record profit in the first quarter as strong demand and rising prices boost its bottom line.
Nucor Anticipating Record Q1 Profitability
16 March 2021 - With strong across-the-board steel demand, Nucor Corp. expects to report a record profit in the first quarter.
Nucor Says It’s Having a Record Quarter
09 February 2021 - Nucor Corp. expects to report record first-quarter earnings that could exceed US$900 million, the steelmaker said on Tuesday.
Steel Dynamics’ Q4 Profits Increase
28 January 2021 - Steel Dynamics Inc. (SDI) saw its fourth-quarter earnings climb to US$188 million on near-record steel shipments and rising prices and is looking for the positive momentum to continue going into the new year.
Nucor Reports Profitable End to 2020, Sees Continued Strength in Early 2021
28 January 2021 - Higher sheet and plate prices helped push Nucor Corp.’s fourth-quarter earnings to US$398.8 million, the steelmaker said Thursday.
Cleveland-Cliffs Expects Significant Q4 Revenue Increase
25 January 2021 - Cleveland-Cliffs Inc.'s fourth-quarter revenues likely will exceed US$2 billion, the iron ore miner and steelmaker said on Monday.
With Flat-Rolled Prices Rising, Nucor, SDI Forecast Higher Q4 Earnings
17 December 2020 - The two major U.S. mini-mill operators are each expecting fourth-quarter earnings to outpace their Q4 2019 results, the companies said on Thursday.
SDI Sees Q3 Profit on Recovering Auto Sector
20 October 2020 - A strong demand recovery led Steel Dynamics Inc. to a profitable third quarter, the Indiana-based steelmaker said on Monday.
SDI Forecasts Improved Q3 Earnings
23 September 2020 - Steel Dynamics Inc.’s expects to see its third-quarter profits rise on improving market conditions, the company reports.
Non-Residential Construction Likely to Lift Nucor Q3 Profits
17 September 2020 - Nucor Corp. expects its third-quarter profits to notch up on continued resiliency in the non-residential construction market, the steelmaker said in its quarterly earnings forecast on Thursday.
Stelco Commences Blast Furnace Reline
13 August 2020 - Canadian steelmaker Stelco has begun relining its Ontario blast furnace and has resumed work on a planned pig iron casting plant, the company said Thursday.
ArcelorMittal Reports Q2 Loss, but Sees Demand Starting to Rebound
30 July 2020 - ArcelorMittal lost US$559 million in the second quarter as the COVID-19 pandemic drove down steel demand around the world.
Tata Steel Tightens Embrace of Industry 4.0
30 July 2020 - Tata Steel is targeting EBITDA improvements totaling US$2 billion over the next several years by further adoption of Industry 4.0 technologies, the (India) Economic Times reports.
Steel Dynamics Reports Q2 Profit
22 July 2020 - Despite the economic turmoil caused by the COVID-19 pandemic, Steel Dynamics Inc. (SDI) finished the second quarter in the black and expects demand to improve in the second half of the year, the steelmaker said Tuesday.
SDI Issues Q2 Guidance
19 June 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.
Nucor: Q2 Likely to Be Better Than Expected
18 June 2020 - Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday.
Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says
17 June 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.
GFG Alliance Reveals Plans for Australian DRI Plant, EAF
10 June 2020 - Sanjeev Gupta’s GFG Alliance will build a direct reduction plant and electric arc furnace (EAF) under a revised investment plan for its Whyalla steel works in Australia, the company has announced.
