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Economy & Markets

The latest on the economy's health and the markets driving the supply and demand of steel.

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Cleveland-Cliffs Completes Major Share Buyback; Announces Indiana Harbor BF Maintenance Outage 

29 Jul 2021 - Cleveland-Cliffs Inc. has spent US$1.2 billion to buy back all of the shares in a special class of stock held by ArcelorMittal.  

Nucor's Q2 Earnings Were Its Best Ever

27 Jul 2021 - Nucor Corp. reported a record second quarter amid robust demand and higher average selling prices.

SDI Posts Another Record Quarter: 'We Can't Make Enough Steel'

20 Jul 2021 - Steel Dynamics Inc. posted a record second quarter on Monday and said it potentially could do even better in the three months ahead. 

Mill Supplier Sees ‘Unprecedented’ Demand 

01 Jul 2021 - The steel industry is benefitting from robust demand, but so too are mill equipment suppliers, the president of The Systems Group said Thursday. 

Nucor Expects to Report Record Earnings — Again

16 Jun 2021 - Nucor Corp. is expecting to repeat its record-quarter performance, with strong demand and higher average selling prices lifting its profitability to new highs. 

Nucor Makes US$1B Acquisition in Construction Products Market   

07 Jun 2021 - Nucor Corp. is taking a bigger step into the downstream construction market, announcing Monday that it has an agreement to acquire Cornerstone Building Brands’ insulated metal panel (IMP) business for US$1 billion in cash. 

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