Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
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.
CMC Sees Q2 Profits Increase; Eyes Investments in New Rebar Facilities
22 March 2019 - Scrapper and long steel manufacturer Commercial Metals Company saw its second-quarter profits rise despite lower scrap prices and shipments, the company reported.
Nucor, SDI Annouce First-Quarter Earnings Guidance
21 March 2019 - Nucor Corp. and Steel Dynamics Inc. said they each expect that lower earnings in their sheet mill operations will impact first-quarter profits.
ArcelorMittal Profits Up, But Sees Slower Growth Ahead
07 February 2019 - The world’s largest steelmaker recorded its largest full-year profit in nearly 10 years, but is forecasting that demand growth will slow in the U.S. and Europe and contract in China.
For Nucor, 2018 Was a Very Good Year
29 January 2019 - Nucor Corp. saw its 2018 profits soar to a company record US$2.36 billion as the company shipped more steel than it ever has.
Commercial Metals Looks to Notch Up Production at New Mill
09 January 2019 - Commercial Metals Company’s new Oklahoma micro-mill shipped nearly 60,000 tons during the company’s first quarter of fiscal 2019 and is preparing to bring on a fourth crew at the plant.
GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer
03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.
Nucor, Steel Dynamics Forecast Record 2018 Earnings
18 December 2018 - Nucor Corp. and Steel Dynamics Inc. expect to report record full-year earnings in 2018 owing to the underlying strength in the steel markets and other factors, and both are looking for continued profitability in 2019, the companies have said.
Nucor, SDI Report Hefty Q3 Profits
18 October 2018 - America’s two biggest electric arc furnace producers each saw third-quarter profits rise on higher prices and shipments, they reported on Thursday.
Zekelman Industries Halts Initial Public Offering
19 September 2018 - Pipe and tube maker Zekelman Industries has postponed its planned US$750 million initial public offering, saying that its shares weren’t fetching the price it had hoped for, reports the Windsor (Ontario) Star.
Nucor, Steel Dynamics Expect Q3 Earnings Growth
18 September 2018 - Nucor Corp. and Steel Dynamics Inc. are forecasting higher third-quarter earnings on continued strength in demand, the steelmakers have said.
Zekelman Industries Sets Terms for Initial Public Offering
07 September 2018 - Pipe and tube maker Zekelman Industries has priced its initial public offering and is looking to raise approximately US$750 million.
Mittal: Steel Tariffs Have Been a ‘Net Positive’ for Company
02 August 2018 - Rising steel prices and healthy demand propelled ArcelorMittal’s second-quarter profits to US$1.9 billion, its best quarterly finish since 2011. And chief executive Lakshmi Mittal is thanking one person: U.S. President Donald Trump.
Cleveland-Cliffs Expects Heavier Iron Ore Pellet Sales
23 July 2018 - Iron ore miner Cleveland-Cliffs Inc. has revised up its full-year sales forecast, saying that it now expects to sell 21 million long tons’ worth of pellets on account of healthy demand.
TMK Remains Committed to Public Offering for IPSCO Shares
25 May 2018 - Despite having canceled an initial public offering for its U.S. subsidiary, Russian pipe and tube maker TMK said it still intends to take IPSCO Tubulars public.
Metallurgical Engineer Joins Stelco Board
03 May 2018 - A leading Canadian metallurgical engineer and the former U.S. Treasury Secretary have joined Stelco Inc.’s board of directors.
Indiana Steelmaker Expects Increase in Q1 Earnings
19 March 2018 - Steel Dynamics Inc. is forecasting first-quarter earnings of between 88 and 92 cents per diluted share, up nearly 10% over the same quarter last year.
