Earnings & Finance
Financial announcements from the world's steelmakers.
Latest News
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.
Nucor Expects Q4 Profitability to Drop
15 December 2023 - Nucor Corp. said fourth-quarter earnings are likely to decline around 43% from the same period last year on lower pricing and volumes.
SDI Forecasts Lower Q4 Earnings
15 December 2023 - Steel Dynamics Inc. expects its fourth-quarter earnings to fall around 27% from last year on lower realized flat-rolled prices.
U. S. Steel Remains Tight-Lipped on Sales Process
27 October 2023 - United States Steel Corporation is continuing to work through its strategic alternatives review but is remaining mum about its progress to date.
Cleveland-Cliffs: No Comment on Effort to Buy U. S. Steel
24 October 2023 - Those looking for clues as to the status of Cleveland-Cliffs Inc.’s effort to buy United States Steel Corporation were probably disappointed by the company’s third-quarter earnings call.
Steel Dynamics Reports Third-Quarter 2023 Results
19 October 2023 - The company yesterday reported its third-quarter 2023 financial results, which saw net sales of US$4.6 billion.
POSCO Recovers Investment in Australian Iron Ore Operation
10 October 2023 - In 2010, POSCO announced a plan to join the Roy Hill iron ore mining project in Australia, an investment that at the time was the company’s largest ever investment in raw materials. The move was criticized by shareholders on grounds that wildly fluctuating ore prices made it too risky of an investment.
Auto Strike Prompts U. S. Steel to Idle Blast Furnace
19 September 2023 - United States Steel Corporation is temporarily idling the B blast furnace at its Granite City Works amid a strike by the United Auto Workers.
Nucor Forecasts Lower Q3 Earnings
15 September 2023 - Nucor Corp. said it expects its third-quarter earnings to decline by more than one-third on lower steel prices, the company said Thursday.
H2 Green Steel Lines Up EUR1.5 Billion in Equity Funding
07 September 2023 - European steel startup H2 Green Steel has raised approximately EUR1.5 billion in equity from a group of investors, a round that will finance its planned green steel plant and a giga-scale hydrogen electrolyzer.
