Tag: earnings

Algoma’s net loss narrowed in the third quarter, but the company continues to be affected by US tariffs and the transition to electric-arc furnace (EAF) steelmaking. The Sault Ste. Marie, Ontario-based steelmaker reported a net loss of Canadian $129.6 million (USD$92.6 million) in the third quarter ended Sept. 30, narrowing 73% from CAD$485.1 million a year earlier. Net sales dropped 52% to CAD$249.4 million in the same comparison.

Ryerson Holding’s third-quarter sales and net income rose as shipments outperformed the company’s seasonal expectations. Management pointed to demand from data centers and power generation projects, gains in transactional business, and improving contract volumes, while describing demand across end markets as uneven. Chicago-based Ryerson’s latest earnings report released on Thursday shows third-quarter sales rose 8.6% sequentially to $2.18 billion. Shipments rose 1.2% despite the company's guidance for a seasonal decline. Net income attributable to Ryerson was $32 million, compared with $15.5 million in the second quarter. Compared with last year, sales were 87.5% higher and net income rose 316.2%.

SSAB Americas delivered slightly lower shipments and operating results in the third quarter of 2026 due to a planned maintenance outage. Still, the company saw strong demand in key US end markets, specifically in heavy industrial segments. The Swedish steelmaker’s Americas division shipped 446,000 metric tons (mt) in Q3’26, down from 473,000 mt in the previous quarter but up from 440,000 mt in Q3’25, according to its 2026 third quarter report. SSAB President and CEO Johnny Sjöström described stable shipments vs. year-ago results. On an earnings conference call, he highlighted strong underlying demand and higher prices, “up higher than we guided for, by roughly 8%.” Results came in despite maintenance-related volume fluctuations related to a planned outage at the company’s mill in Montpelier, Iowa, during the quarter.

SunCoke Energy’s third-quarter revenue edged down to $485.9 million. Lower blast coke sales volumes and lower coal-price pass-throughs on long-term, take-or-pay agreements weighed on revenue. Higher terminals handling volumes and one additional month of Phoenix Global results partly offset the declines. Net income attributable to SunCoke was $21.8 million, compared with $22.2 million a year earlier. The Lisle, Ill.-based company expects 2026 consolidated adjusted EBITDA to modestly exceed the top of its $250 million to $265 million guidance range. Third-quarter consolidated adjusted EBITDA rose $17.8 million year over year (y/y) to $76.9 million.

Brazilian steelmaker Gerdau’s North American operations posted higher profits in the third quarter as shipments increased. The company posted adjusted EBITDA of 2,912 million reais (USD$567 million) in the third quarter ended Sept. 30 for its North American operations, up 60% from 1,820 million reais from a year earlier. Net sales rose 14% to 10,512 million reais in the same comparison.

JSW Steel’s US operations reported higher EBITDA in the second quarter of FY 2026-27, as improved sales realizations offset lower production at its Ohio and Texas facilities. The company's electric-arc furnace (EAF) facility in Ohio produced 224,933 short tons (st) of slabs in the quarter, at 62% capacity utilization. Slab production fell quarter over quarter, primarily because of a scheduled shutdown for electrical upgrades and maintenance, the company said. Sales were 112,663 st of slabs and 91,198 st of hot-rolled (HR) coil. EBITDA rose 22% q/q to $5.85 million, driven by better sales realizations, which partly offset the effect of lower volumes.

Nucor's net earnings more than doubled in the third quarter of this year compared to the same quarter last year on higher steel prices and sales volumes. The strong showing was supported by "robust demand across key end markets," company Chair and CEO Leon Topalian said in a statement released with Q3'26 earnings data after the close of markets on Monday. The Charlotte, N.C.-based steelmaker reported net earnings of $1.32 billion in Q3'26, more than double earnings of $607 million in Q3'25 on sales that rose 32% to $11.25 billion in the same comparison.

Australia’s BlueScope has raised its earnings outlook for the first half of fiscal 2027, citing stronger-than-anticipated performance at its North Star BlueScope mill in Ohio and improved results across several other businesses. The Melbourne-based company said in earnings guidance on Monday that it expects its North American businesses to deliver earnings about two-thirds higher than in the second half of fiscal 2026. North Star is forecast to perform nearly three-quarters better than in that period, when it reported EBIT of AU$484 million (US$339.8 million). BlueScope attributed the North Star uplift primarily to stronger benchmark spreads.

GrafTech International continues to expect modest growth in graphite electrode demand for the full year of 2026. The company reaffirmed its expectation of a 5-10% year-over-year increase in graphite electrode sales volume as it seeks to gain market share. “Overall, we continue to see improving trends across several of our key regions,” CEO Tim Flanagan said on a conference call Friday to discuss its third quarter results.

Steel Dynamics Inc. (SDI) narrowed operating losses from its aluminum operations as the company's flat-rolled mill in Columbus, Miss., continues to ramp up. SDI, which operates Aluminum Dynamics Inc. (ADI), reported a Q3'26 operating loss from aluminum operations of $26 million, down from an operating loss of $56.5 million in Q3'25. Year to date, the division reported an operating loss of $124 million, down from $126 million in the first nine months of 2025.

Reliance Inc. posted a third-quarter profit more than double that of a year ago on record quarterly sales. The stellar result came thanks to higher steel prices and a jump in tons sold. A government contract for the US border wall with Mexico drove a significant portion of those gains, the company said. And the Phoenix-based service center chain, North America’s largest, predicted that profits would continue to surge in the fourth quarter despite concerns about steel availability and geopolitical instability.

Steel Dynamics Inc. (SDI) posted sharply higher third quarter profits on the back of higher steel prices, record steel shipments, and "historically low" import volumes. The Fort Wayne, Ind.-based steelmaker said it also benefited from low customer inventories, long mill lead times, and low scrap prices. It wasn’t just a story of US trade policy suppressing imports. Demand was strong across a range of end markets, among them energy, non-residential construction, and automotive, the company said.

Cleveland-Cliffs recorded its first profitable quarter since 2024 on higher steel prices, increased sales volumes, and trade policies supportive of US mills. The Cleveland-based steelmaker swung to a profit of $152 million in Q3’2026 compared to a loss of $251 million in the same quarter last year on revenue that rose 18.5% to $5.6 billion over the same period. Prior to Q3’2026, Cliffs had not posted a profit since Q2’24, when it recorded a profit of $2 million.

CMC’s earnings increased in its fiscal fourth quarter, aided by strong growth in its North America Steel Group. The Irving, Texas-based longs steel producer and metal solutions provider reported net earnings of $212.5 million in its fiscal fourth quarter ended Aug. 31, up 40% from $151.8 million a year earlier. Net sales rose 26% to nearly $2.66 billion in the same comparison. The company said that core EBITDA growth increased 11.3% sequentially in its fiscal Q4 to $393.7 million, led by its North America Steel Group. In that segment, stronger margins and volume growth drove 60 basis points of core EBITDA margin expansion.

AZZ Inc. raised its fiscal 2027 guidance after reporting record second-quarter sales and adjusted earnings, supported by higher volumes and pricing in both its Metal Coatings and Precoat Metals segments. AZZ reported fiscal second-quarter sales of $486.9 million for the three months ended Aug. 31, up 16.7% from the prior-year quarter. Net income fell 34.6% year over year (y/y) to $58.45 million. “During the quarter, we benefited from organic sales growth, the continued ramp-up of our new Washington, Missouri facility within our Precoat Metals segment, and the completion of a strategic Metal Coatings acquisition in the Pacific Northwest,” noted President and CEO Tom Ferguson.

Worthington Steel said tight US steel supply, low imports, and extended lead times constrained shipments and quoting opportunities during its first fiscal quarter, even as the conditions supported pricing and spread sustainability.

Worthington Steel reported a surge in sales in its first quarterly results to include the Kloeckner acquisition, but the company posted a net loss as the acquisition reshaped its sales and operating mix.

Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.

Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.

Steel Dynamics Inc. (SDI) has guided to higher third-quarter earnings both sequentially and on-year.

BlueScope’s North American operations posted a sharply stronger 2026 fiscal year, driven by wider spreads at North Star and steady gains across Buildings and Coated Products (BCP).

Russel Metals posted record quarterly revenues and shipments in the second quarter, boosted by strong market conditions and the integration of seven Kloeckner Metals Co. facilities.

The Longview, Texas-based flat-rolled processor and pipe manufacturer reported 206,000 short tons of shipments in the quarter, an increase of 28% from a year earlier.

Gerdau reported stronger results from its North American operations in the second quarter, with EBITDA up 15% from the prior quarter on firm demand and high asset utilization.

Ternium reported higher sales, profit, and shipments in the second quarter. Mexico remains the company’s strongest market even as US trade measures add uncertainty across North America.

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.