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Earnings & Finance

Financial announcements from the world's steelmakers.

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Nucor Banks Record 2022 Profits 

26 Jan 2023 - Nucor Corp.’s 2022 profits leaped 24% as the company recorded its safest and most profitable year ever. 

SDI Achieves Record Profitability in 2022

25 Jan 2023 - 2022 was a banner year for Steel Dynamics Inc. as the U.S. steelmaker posted record net sales, profits and shipments.

Lower Prices, Shipments Likely to Dent Algoma Q3 Earnings

11 Jan 2023 - Canada’s Algoma Steel Inc. said Tuesday it expects to report a fiscal Q3 adjusted loss before interest, taxes, depreciation and amortization of between CA$35 million and CA$45 million due to lower plate shipments, softer steel prices and routine, seasonal maintenance work. 

Healthy Demand Pushes Up CMC’s Q1 Profits 

09 Jan 2023 - Long products maker Commercial Metals Company (CMC) saw its fiscal first quarter profits rise 12% due in part to strength in North American demand, the company said on Monday. 

Steel Dynamics Expects Q4 Earnings to Decline

16 Dec 2022 - Steel Dynamics Inc. (SDI) is forecasting its fourth-quarter earnings to fall roughly 39% over the prior year due in part to tightening metal spreads, especially at its flat-rolled operations. 

Nucor Expects Q4 Earnings to Slide, Announces Expansion of Steel Towers Business

16 Dec 2022 - Nucor Corp. expects its fourth-quarter earnings to fall roughly 45% due in part to lower volumes and lower average selling prices, the company said on Thursday. 

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