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Earnings & Finance

Financial announcements from the world's steelmakers.

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Australia’s InfraBuild Lines Up Financing to Acquire Three U.S. Operations

01 Jun 2023 - InfraBuild, an Australian long products producer owned by Sanjeev Gupta’s GFG Alliance, has secured financing that will allow it to buy three U.S. wire rod operations also owned by GFG Alliance. 

Investment Firm Eyes Green Steel, Low-CO2 Tech Investments

02 May 2023 - Private equity firm Brookfield Asset Management Ltd. is looking to invest in green steelmaking and intends to raise US$15 billion to invest in low-carbon technologies, reports Bloomberg. 

H2 Green Steel Begins Its Other Green Effort: Fundraising

25 Apr 2023 - Steelmaking startup H2 Green Steel has begun seeking EUR1.5 billion in equity funding for its planned facility in Boden, reports the Financial Times. 

Cleveland-Cliffs Expects Rise in Adjusted Q1 Profits 

11 Apr 2023 - Cleveland-Cliffs Inc. shipped 4.1 million tons of steel in the first quarter of 2023 and is expecting to report revenues of approximately US$5.2 billion, the company said on Tuesday. 

New CMC Micro-Mill Nears Start of Commissioning 

06 Apr 2023 - Commercial Metals Company (CMC) is set to begin commissioning its new Arizona micro-mill later this spring and anticipates receiving a key environmental permit for its planned West Virginia mill in the coming months, according to chief executive Barbara R. Smith. 

Algoma Expects Improved Shipments in Fiscal Q4

04 Apr 2023 - Canada’s Algoma Steel expects to report fiscal adjusted EBITDA earnings of CA$25 million to CA$30 million the fiscal fourth quarter, the company has said. 

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