Steel News

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.

voestalpine Delays Opening of Special Steel Plant

05 June 2020 - Delayed deliveries are forcing voestalpine to push back the expected completion date of its advanced special steel plant in Kapfenberg, Austria.

Cleveland-Cliffs Eager to Resume HBI Plant Construction

12 May 2020 - Cleveland-Cliffs Inc. plans to resume work on its hot briquetted iron plant as soon as possible to meet anticipated demand, chairman and chief executive Lourenco Goncalves said.

ArcelorMittal: China’s Excess Steel Inventory Hasn’t Hit the World Market

11 May 2020 - China so far appears to be absorbing the massive steel volumes that piled up during its COVID-19 lockdown, alleviating some of the fears that its excess steel would flood world markets, ArcelorMittal executives said.

SDI: No Changes Yet to Texas Mill Construction Schedule

21 April 2020 - Steel Dynamics Inc. (SDI) said it continues to aim for a mid-2021 start-up of its new Texas sheet mill, but will re-evaluate that goal as the year progresses.

U. S. Steel Issues Q1 Earnings Guidance

20 March 2020 - United States Steel Corporation expects to record a first-quarter loss due in part to difficulties in the tubular market and the European sheet market, both of which are occurring against the backdrop of a global pandemic, the company said on Friday.

Nucor, SDI Off to Solid 2020 Start, But Coronavirus Consequences Loom

19 March 2020 - Impacts from the coronavirus have so far been minimal, but Nucor and Steel Dynamics said Thursday that they each expect to see fallout further down the road.

Mittal: 2019 ‘A Very Tough Year,’ But Better Days Might Be Ahead

06 February 2020 - Although ArcelorMittal ended 2019 in the red, the world’s largest steelmaker reported better-than-expected profits in the final quarter of the year and is seeing signs of improvement in Europe, Brazil and the U.S., reports the (London) Financial Times.