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Earnings & Finance

Financial announcements from the world's steelmakers.

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SDI Issues Q2 Guidance

19 Jun 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.  

Nucor: Q2 Likely to Be Better Than Expected   

18 Jun 2020 -   Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday. 

Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says

17 Jun 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.  

GFG Alliance Reveals Plans for Australian DRI Plant, EAF 

10 Jun 2020 - Sanjeev Gupta’s GFG Alliance will build a direct reduction plant and electric arc furnace (EAF) under a revised investment plan for its Whyalla steel works in Australia, the company has announced. 

voestalpine Delays Opening of Special Steel Plant

05 Jun 2020 - Delayed deliveries are forcing voestalpine to push back the expected completion date of its advanced special steel plant in Kapfenberg, Austria.

Cleveland-Cliffs Eager to Resume HBI Plant Construction

12 May 2020 - Cleveland-Cliffs Inc. plans to resume work on its hot briquetted iron plant as soon as possible to meet anticipated demand, chairman and chief executive Lourenco Goncalves said. 

ArcelorMittal: China’s Excess Steel Inventory Hasn’t Hit the World Market

11 May 2020 - China so far appears to be absorbing the massive steel volumes that piled up during its COVID-19 lockdown, alleviating some of the fears that its excess steel would flood world markets, ArcelorMittal executives said. 

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