Contributor: Stephanie Ritenbaugh

Stephanie Ritenbaugh

Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

Stelco Q2'24 earnings slip over the year

The company is in the process of being acquired by Cleveland-Cliffs in a deal valued at USD$2.5 billion.

SDI says scrap prices stabilized, looks to aluminum to boost future operations

Operating income from Steel Dynamics Inc.’s (SDI) recycling operations clocked in higher in the second quarter than in the first on increasing volumes and despite lower realized pricing. Recycling operations brought in $32.1 million, an increase over $22.6 million in Q1, but lower than the $40.3 million last year, the Fort Wayne, Ind.-based company said […]

See you in Vegas: What to expect at ISRI's convention

Next week, Las Vegas will host the largest recycled materials industry event. ISRI’s annual gathering at the Mandalay Bay Resort and Casino will unite more than 6,000 industry professionals to explore the latest trends in ferrous and nonferrous markets, provide networking opportunities, and support business growth. SMU and RMU eagerly anticipate participating, connecting with fellow attendees, and […]

Interest rates, weather hit Radius Recycling's earnings

Low manufacturing activity and higher interest rates took a toll on Radius Recycling’s profits during the Oregon-based company’s most recent quarter. Radius reported a net loss of $34 million, or $1.19 per share, during its fiscal second quarter. In the previous quarter, Radius saw a net loss of $18 million, or 64 cents per share.

SDI subsidiary acquires Ohio metals recycler

OnmiSource LLC, a subsidiary of Fort Wayne, Indiana-based steel producer and recycler, Steel Dyanmics, Inc., has acquired Toledo Shredding, LLC, in Ohio.

SSAB quarterly results slip on lower prices

A weaker steel market and lower prices in Europe dragged down SSAB’s earnings during the last three months of 2023.

Nucor sees federal programs adding to annual demand

Nucor is optimistic about long-term activity from bridges and highways, semiconductor chip plants and renewable energy, but still sees some short-term challenges. The North Carolina-headquartered steelmaker expects the federal programs that support these megatrends “to add somewhere between 5 million to 8 million tons of incremental annual demand for steel over the next several years,” […]

'Their saga is not over:' Cliffs still watching USS-Nippon deal

Cleveland Cliffs executives didn’t mince words when opening its Q4’23 earnings call.

Tampa Steel: 'Interesting contradiction' in economy

Rising geopolitical tensions may threaten stability, while other factors like a climbing stock market and growing government investment point to one thing in the economy: it’s complicated. “It’s an interesting contradiction out there,” said Dr. Walter Kemmsies, managing partner of The Kemmsies Group, at the Tampa Steel Conference this week. In his keynote speech on […]

Nucor's Q4 earnings slip on lower prices

Nucor Corp. reported a decline in profits during the fourth quarter due to lower pricing and volumes.