Company Announcements
April 20, 2026
Written by Laura Miller
| First quarter ended March 31 | 2026 | 2025 | % Change |
|---|---|---|---|
| Net sales | $4,922 | $4,629 | 6.3% |
| Net earnings (loss) | $(237) | $(498) | 52.4% |
| Per diluted share | $(0.42) | $(1.01) | 58.4% |
Cleveland-Cliffs Inc. reported improving supply-demand fundamentals in the first quarter and expects stronger conditions through the rest of 2026.
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
President Trump announced that Mesabi Metallics will build the largest steel plant in the US in the state of Iowa.
Cleveland-Cliffs Inc. has confirmed a fatal accident occurred at its Monessen coke facility on Sunday, but said production has not been impacted.
Nucor said its consumer spot price for hot-rolled coil will be $1,220 per short ton (st) for the week of Sept. 28. That's a 10/st increase from a week earlier.