Steel News

Work Begins on Nucor Plate Mill

29 January 2020 - Nucor Corp. has begun moving earth for its US$1.35 billion plate mill in Kentucky and has struck an arc on the electric arc furnace (EAF) at its new rebar mill in Missouri, Nucor president and chief executive officer Leon Topalian said on Tuesday.

Record Mill Shipments, Strong Sales Contributed to Profitable Year at SDI

23 January 2020 - Despite falling steel prices that marked much of 2019, Steel Dynamics Inc. (SDI) recorded one of its best years ever, posting record shipments and near-record net sales, the company reported Thursday.

With Construction Still Going Strong, Commercial Metals Records Profitable Q1

07 January 2020 - An expanded Commercial Metals Company took advantage of a healthy construction market and posted some of its best first-quarter results in years, the steelmaker said on Monday.

Worthington Acquires Majority Stake in Samuel Steel Pickling Co.

06 January 2020 - Steel processor and cylinder manufacturer Worthington Industries is rolling a newly acquired facility into its sheet processing joint venture with Samuel, Son & Co. and has taken the majority stake in the business.

Steel Demand Intact, But SDI Expects Lower Q4 Profits

17 December 2019 - Planned outages, lower prices and seasonally lower shipments are likely to offset Steel Dynamics Inc.’s fourth-quarter profits, the company has said.

Nucor Expects Q4 Profits to Dip, But Sees Improvement in 2020

16 December 2019 - Nucor Corp. is expecting its fourth-quarter profits to fall on account of lower steel prices and higher scrap prices, the company has said.

TMK Sees Revenue Dip in First Three Quarters of 2019

20 November 2019 - Revenues at Russian oil country tubular goods maker PAO TMK declined 4% through the first nine months of 2019 on account of reduced sales in North American and Europe, the company said Wednesday.

Gupta Family Steel Mills to Unite Under One Flag, Liberty Steel Group

29 October 2019 - Sanjeev Gupta’s GFG Alliance will consolidate its steel operations into a single, global entity with 18 million metric tons of rolling capacity, Gupta announced Tuesday.

Nucor Wrapping Up Several Key Projects

23 October 2019 - Nucor Corp.’s new galvanizing line at its Kentucky sheet mill coated its first coil last month, one of several major capital projects nearing the finish line.

Nucor, SDI Say Lower Steel Prices Likely to Weigh on Q3 Profits

18 September 2019 - Steel Dynamics Inc. and Nucor Corp. are forecasting lower third-quarter profits on account of declining steel prices.

Imports, Lower Prices Weigh on ArcelorMittal in Q2

01 August 2019 - ArcelorMittal recorded a US$447 million loss in the second quarter and said it planned to divest US$2 billion in assets over the next two years.

Commercial Metals Sees Strength in Non-Res Construction, Completes Ramp-Up of New Mill

24 June 2019 - Buoyed by continuing strength in non-residential construction, long products maker Commercial Metals Company saw its fiscal third-quarter profits nearly double to US$78.4 million.

Nucor Forecasts Lighter Q2 Profits

17 June 2019 - Nucor Corp. expects its second-quarter earnings to fall approximately 42% as service centers draw down inventories, the company said on Monday.

Big River Steel Has Finalized Financing for Its Mill Expansion. Here’s How Much.

04 June 2019 - Big River Steel has lined up US$777 million in financing for the planned expansion of its flat-rolled mill in Osceola, Ark., USA, the company has said.

U. S. Steel CEO: We're No Longer Playing Defense

05 May 2019 - After struggling in recent years with profitability and competition from unfairly traded imports, iconic United States Steel Corporation is turning the corner – and making significant investments for the future, reports The Times newspaper of northwest Indiana.

Major Chinese Steelmaker Sees Slowing Demand on the Way

25 April 2019 - Baoshan Iron & Steel Co., the listed portion of China’s largest steelmaker, sees both slowing domestic demand and rising output this year, leading some to question whether mills will again ship excess production into foreign markets and flood them, according to news reports.