Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
U. S. Steel Foresees Better 2018 Earnings
13 March 2018 - United States Steel Corporation has increased its 2018 earnings forecast by 13%, reflecting the restart of an idled blast furnace and the imposition of a 25% tariff on steel imports.
IPSCO Sets Aside Initial Public Offering
12 February 2018 - IPSCO Tubulars has postponed its initial public offering, citing adverse market conditions.
U. S. Steel Posts Quarterly, Yearly Profit
01 February 2018 - United States Steel Corporation returned to full-year profitability in 2017 as the iconic Pittsburgh steelmaker recorded net earnings of US$387 million.
Nucor Earnings Rise on Increased Shipments, Prices
30 January 2018 - Nucor Corp. saw its full-year profits rise 66% to US$1.3 billion, owing in part to higher steel prices and increased shipments, the steelmaker reported on Tuesday.
TMK IPSCO Launches IPO, Aims to Raise More than US$465M
30 January 2018 - The American arm of Russian tubemaker PAO TMK has launched its initial public offering at US$20 to US$23 per share.
Steel Dynamics Had a Great Year. Here's Why.
23 January 2018 - Steel Dynamics Inc. had a banner year in 2017 as the company set new records for steel shipments, sales and safety, it said on Tuesday.
Healthier Markets Push Up Gerdau's Q3 Profits
13 November 2017 - Rising shipments and increased and sales, along with a companywide effort to reduce costs, lifted Gerdau SA’s third-quarter profits by 53%, the company reported.
Improved Market Lifts ArcelorMittal's Q3 Profits
10 November 2017 - The world’s largest steelmaker saw its third-quarter profits rise 75% on higher sales and shipments, ArcleorMittal reported on Friday.
U. S. Steel Reports Third Quarter Profit of $147M
02 November 2017 - United States Steel Corp. nearly tripled its third-quarter profits on higher average prices and improved shipments, the company reported.
Imports Dampen Nucor Earnings
20 October 2017 - Nucor Corp. saw its third-quarter profits reduced by 12% as import pressures prevented it from recovering rising raw material costs, the steelmaker said Thursday .
Improved Sales Lift Cleveland-Cliffs Q3 Profits
20 October 2017 - Iron ore miner Cleveland-Cliffs Inc. posted a profitable third quarter on better demand and prices.
Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits
19 October 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday.
Steel Dynamics' Third-Quarter Earnings Expected to Miss Forecast
20 September 2017 - Steel Dynamics Inc. said it expects to report third-quarter earnings of between 61 cents and 65 cents per share, missing analysts’ expectations.
BlueScope Steel Names New Chief Executive
21 August 2017 - Australia’s BlueScope Steel Ltd. has a named a company veteran to succeed chief executive Paul O’Malley, who is set to retire at the end of the year.
TMK Looks for Strong Second Half of 2017
21 August 2017 - Russian tubemaker PAO TMK posted a US$19 million loss in the second quarter, but remained profitable through the first half of 2017, the company said.
Tenaris Posts US$73 Million Profit on Rising North America Tube Sales
04 August 2017 - Tubemaker Tenaris SA saw sales of seamless and welded tube increase 31% to 624,000 tons in the second quarter, the company reported.
Better Steel Prices Strengthen Ternium's Second-Quarter Profits
02 August 2017 - Second-quarter profits at Latin American steel producer Ternium rose nearly 62% on higher steel prices, the company said.
TimkenSteel Posts US$1.3 Million Profit in Second Quarter
31 July 2017 - New steel orders helped pushed TimkenSteel’s second-quarter earnings into the black.
U. S. Steel Posts US$162 Million Profit in Second Quarter
26 July 2017 - United States Steel Corporation swung to profitability in the second quarter on higher average steel prices.
Steel Dynamics Takes One to the Snout
21 July 2017 - A bad line component forced Steel Dynamics Inc.’s (SDI) new Galvalume and paint lines to go down in the second quarter, contributing to an estimated US$30 million impact on earnings, SDI chief executive Mark Millett said on Thursday.
