.gif?lang=en-US&ext=.gif)
-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
.gif?width=200&height=200&mediaprotectionhash=ddb07947ad3b4ab959a83714461eccd5c6895f370695eb035a9ff7aa736f8ad9&ext=.gif)
Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
Nucor Reports Profitable Q4 — And a Very Safe 2024
29 January 2025 - Nucor Corp. posted a fourth-quarter profit and reported its safest year on record, saying that accomplishment came in the context of many active year construction projects and ramp-ups.
SDI Reports Profitable Q4, Begins Commissioning of Aluminum Plant
23 January 2025 - Steel Dynamics Inc. (SDI) posted a fourth-quarter profit of US$1.36 per diluted share and said it expects to see healthy demand in the year ahead.
Pacific Steel Group Lines Up US$200M for Micro-Mill
20 January 2025 - Pacific Steel Group (PSG) has secured a US$200 million loan from Generate Capital, a sustainable infrastructure investment firm, to support the construction of its planned California micro-mill.
SDI Guides to Lower Q4 Earnings
17 December 2024 - Steel Dynamics Inc. (SDI) expects to see its fourth-quarter profits fall partly on account of lower average prices for its mills and an unplanned outage at its Butler, Ind., USA, facility.
Nucor Forecasts Q4 Earnings Decline
17 December 2024 - Nucor Corp. is cautioning that fourth-quarter earnings are expected to fall more than 80% over the same quarter last year.
SSAB Receives Funding for Process Conversion
11 December 2024 - SSAB has been awarded SEK1.45 billion in public funding for decarbonization efforts at its Luleå plant.
thyssenkrupp Writes Off EUR1 Billion in Steel Division Value
19 November 2024 - thyssenkrupp recorded a EUR1 billion impairment on its European steel division, saying fiscal 2025 would be one of decisions, CNBC reported.
Stelco Acquisition Clears Another Regulatory Hurdle
09 October 2024 - Canadian antitrust regulators have given the green light to Cleveland-Cliffs Inc.’s acquisition of Ontario-based Stelco.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
Hybar Adds Equity Investor
11 September 2024 - Infrastructure services provider Quanta Services has made a strategic equity investment in startup rebar manufacturer Hybar LLC.
Nippon Steel Remains Confident in U. S. Steel Acquisition
05 August 2024 - Nippon Steel Corp. has reiterated its belief that will finalize its proposed acquisition of United States Steel Corporation by year’s end.
New Wave of Chinese Steel Exports Softening Prices, ArcelorMittal Says
01 August 2024 - ArcelorMittal saw its second-quarter profits fall and said Chinese steel exports have put the market in “unsustainable” territory.
Nucor’s Capital Spend Is About to Rise
29 July 2024 - Nucor Corp. in June marked the opening of its new Gallatin, Ky., tube mill and is looking to bring a number of other, major capital projects across the finish line over the next two years.
Liberty Steel Names New European CEO
10 April 2024 - Liberty Steel Group has appointed international sustainability leader Thomas Gangl as the chief executive officer of its European business, the company has announced.
Ternium Revises Budget for Mexican Sheet Mill Expansion
22 February 2024 - Inflationary equipment pricing and fluctuations in the exchange rate have forced upward revisions to cost estimates on Ternium’s expansion in Mexico.
Japanese Banks Back Nippon Steel Acquisition of U. S. Steel
30 January 2024 - Nippon Steel Corp. has lined up US$16 billion in loans for its planned acquisition of United States Steel Corporation, the Reuters news service reports.
SDI Prepares to Start New Processing Lines
25 January 2024 - Steel Dynamics Inc. (SDI) has completed construction of its four new paint and galvanizing lines and expects to commission them sometime before the end of March, the company’s chief executive officer has said.
H2 Green Steel Reaches New Funding Milestone
22 January 2024 - H2 Green Steel has signed definitive debt financing agreements amounting to EUR4.2 billion and has raised an additional EUR300 million in equity, the startup producer said Monday.
Nippon Steel to Acquire U. S. Steel
18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.
U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process
15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced.
.png?lang=en-US&ext=.png)