Tag: earnings

U.S. Steel reported stronger second-quarter results, with higher sales, a return to profitability, and record operating performance across key assets.

SunCoke Energy's second-quarter financial report showed strong sequential and year-over-year improvements.

Mid-earnings review finds rolled product outperforming extrusions, while trade shifts and billet supply cloud demand signals.

Algoma Steel narrowed its earnings loss by 13.2% in the second quarter as the company's electric-arc furnace (EAF) steelmaking ramped up further.

Speaking on the company’s second-quarter earnings call, executives described a sheet market defined by broad-based demand, disciplined pricing behavior, and a structural shift in customer buying patterns.

Nucor's earnings nearly doubled in the second quarter on the back of higher prices and shipments in its steel mills segment.

Reliance Inc said that US government industrial policies contributed to its second-quarter financial success.

GrafTech International’s net loss narrowed in the second quarter as the company expects a modest increase in demand for graphite electrodes in 2026.

Cleveland-Cliffs President and CFO Celso Goncalves said no deal was imminent between the company and South Korean steelmaker POSCO because of disagreements over valuation.

Cleveland-Cliffs Inc. narrowed its losses in the second quarter thanks to increased demand, higher prices, longer lead times, and limited import competition.

Swedish steelmaker SSAB reported lower profits in the second quarter at its Americas unit. And it expects outage charges in the third quarter.

Steel Dynamics Inc. posted sharply higher profits on record quarterly shipments and predicted the good times might continue to roll into 2027.

AZZ President and CEO Tom Ferguson said the Texas-based coil coating and galvanizing company is off to a great start in its 2027 fiscal year.

CMC’s profits more than doubled in its fiscal third quarter.

During Worthington Steel’s fiscal fourth-quarter earnings call on June 25, company executives cited interest rates as a market headwind.

Worthington Steel swung to a loss in its fiscal fourth quarter as the company completed its acquisition of Germany-based Kloeckner & Co.

Steel Dynamics Inc. expects to post higher sequential earnings in the second quarter, with “meaningfully higher” profitability from its steel operations.

Nucor expects higher earnings in the second quarter, both sequentially and year over year, and anticipates increased profits sequentially across all its operating segments. The steel mills segment is expected to see the biggest boost.

Friedman Industries posted record sales, higher volumes, and sharply improved earnings in fiscal 2026. This was driven by stronger demand, higher average selling prices, and continued contributions from its Century Metals acquisition.

Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.

U.S. Steel delivered a mixed first quarter. Segment performances diverged sharply as winter weather, outage activity, and major capital projects weighed on results.

Algoma Steel's loss widened in the first quarter as tariffs and the EAF transition impacted its bottom line.

Ryerson swung to a profit in the first quarter as it began the integration of Cleveland-based service center chain Olympic Steel.

Klöckner & Co.’s North American business attributed its first quarter losses to reduced shipments, a knock-on effect of its divestment in 8 US-based distribution sites, at the end of 2025.

Russel Metals’ earnings jumped in the first quarter as it reported record quarterly shipments and revenue.

GrafTech International reported a wider net loss in the first quarter. However, it expects demand for graphite electrodes to "improve modestly" in the rest of 2026.

ArcelorMittal’s North American operations posted higher sales results sequentially and year over year (y/y) in its Q1 earnings report.   The North American segment of the Luxembourg-based steelmaker reported 8.3% higher sales in Q1’26 compared with the previous quarter. The steelmaker credits higher average selling prices, up 3.5% from Q4, and a jump in steel shipments, up 5.2%.

SunCoke Energy Inc. bled red in the first quarter as severe winter weather and a turbine failure at its Middletown, Ohio, facility weighed on coke production and power sales.

Gerdau’s North American operations reported increased profits in the first quarter on higher prices and shipments.

SSAB Americas’ revenue fell in the first quarter as negative currency effects outweighed higher steel prices.