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Earnings & Finance

Financial announcements from the world's steelmakers.

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Auto Strike Prompts U. S. Steel to Idle Blast Furnace 

19 Sep 2023 - United States Steel Corporation is temporarily idling the B blast furnace at its Granite City Works amid a strike by the United Auto Workers. 

Nucor Forecasts Lower Q3 Earnings

15 Sep 2023 - Nucor Corp. said it expects its third-quarter earnings to decline by more than one-third on lower steel prices, the company said Thursday. 

H2 Green Steel Lines Up EUR1.5 Billion in Equity Funding  

07 Sep 2023 - European steel startup H2 Green Steel has raised approximately EUR1.5 billion in equity from a group of investors, a round that will finance its planned green steel plant and a giga-scale hydrogen electrolyzer. 

Boston Metal Closes on US$262 Million in Series C Funding

07 Sep 2023 - Boston Metal, a startup that is developing an electrolysis-based processed for ironmaking, has closed on US$262 million in Series C fundraising, the company has announced. 

JFE Plans to Raise Capital for Decarbonization, Expansion Projects

05 Sep 2023 - Japan’s JFE Holdings is moving to raise approximately JPY200 billion (US$1.37 billion) for decarbonization projects and to expand electrical steel production, according to NikkeiAsia. 

Dave Stickler, Koch Minerals & Trading Partner on Startup Rebar Mill 

24 Aug 2023 - Koch Minerals & Trading is contributing to the US$700 million debt and equity financing that is supporting the planned Hybar LLC rebar mill in Arkansas, the company has said. 

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