Steel News

Nucor Expects to Report Record Earnings — Again

16 June 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 June 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.

Report: Republic Steel Might Resume Rolling Operations at Ohio Mill

06 May 2021 - Republic Steel is eyeing a potential restart of its Lorain, Ohio, rolling mill, reports The (Elyria, Ohio) Chronicle-Telegram.

Iron Ore Prices Set New Record

29 April 2021 - Steel prices have taken off as global demand recovers, but so too have iron ore prices, reports commodities news and pricing service S&P Global Platts.

Rising Steel Prices Prompt BlueScope to Raise Earnings Expectations

27 April 2021 - Australian steel producer BlueScope is revising up its second-half earnings forecast, largely due to the strength in the U.S. sheet market and performance of the company’s North Star mill.

Nucor: A Record Quarter Is on the Books, Another Could Be Coming

22 April 2021 - Nucor Corp. saw its first-quarter earnings soar to a record US$942.4 million on strength in demand and high average selling prices, the company announced Thursday.

SDI Reports Record Q1 Profit, Prepares to Start Parts of Texas Mill

22 April 2021 - Steel Dynamics Inc. (SDI) is reiterating expectations that it will start process lines at its new flat-rolled mill late this spring.

Tenaris to Resume Production at Steel Shop, Pipe Mill

19 April 2021 - Tenaris is nearing completion of improvements to its Koppel, Pa., USA, steel shop and is planning to soon restart operations there and at its Ambridge, Pa., seamless pipe mill.

World Steel Forecasts Demand Rebound

15 April 2021 - Global steel demand is expected to grow 5.8% this year, assuming that second and third waves of the COVID-19 pandemic subside by the end of June and that the world continues to make headway with vaccinations.

Report: Lowered EU Steel Demand Will Necessitate Capacity Cuts

05 April 2021 - The COVID-19 pandemic probably has erased five to 10 million tons of European Union steel demand, and producers there will have to shed capacity, according to a new paper from management consultancy McKinsey & Co.

SDI Thinks a Record Quarter Is in the Offing

18 March 2021 - Steel Dynamics Inc. said it potentially could post a record profit in the first quarter as strong demand and rising prices boost its bottom line.

Survey: Metals Executives Have High Expectations for Growth in 2021

17 March 2021 - North American Metals sector leaders are anticipating a significant jump in revenue this year, but are wary of the potential for inflation in the coming years, according to a survey of C-suite executives.

Nucor Anticipating Record Q1 Profitability

16 March 2021 - With strong across-the-board steel demand, Nucor Corp. expects to report a record profit in the first quarter.

China’s Steel Output Rises in Early 2021

16 March 2021 - China produced nearly 175 million metric tons of steel in January and February, an increase of almost 13%, reports the Reuters news service.

Nucor Says It’s Having a Record Quarter

09 February 2021 - Nucor Corp. expects to report record first-quarter earnings that could exceed US$900 million, the steelmaker said on Tuesday.

Steel Dynamics’ Q4 Profits Increase

28 January 2021 - Steel Dynamics Inc. (SDI) saw its fourth-quarter earnings climb to US$188 million on near-record steel shipments and rising prices and is looking for the positive momentum to continue going into the new year.

Nucor Reports Profitable End to 2020, Sees Continued Strength in Early 2021

28 January 2021 - Higher sheet and plate prices helped push Nucor Corp.’s fourth-quarter earnings to US$398.8 million, the steelmaker said Thursday.

China Increases Share of Global Steel Production

27 January 2021 - Global crude steel production slipped by 1% in 2020, but China took a larger share of production, with its output exceeding 1 billion metric tons, according to preliminary World Steel Association data.

Cleveland-Cliffs Expects Significant Q4 Revenue Increase

25 January 2021 - Cleveland-Cliffs Inc.'s fourth-quarter revenues likely will exceed US$2 billion, the iron ore miner and steelmaker said on Monday.

voestalpine Returns Idled Blast Furnace to Service

21 January 2021 - voestalpine has restarted the second blast furnace at its Donawitz site in Austria to meet rising long products demand, the steelmaker has said.