News
US Steel Costs Impacted by War, Trade Deals
4+ day, 11+ hour ago (182+ words) Sam Mc Kinney, Key Banc Capital Markets vice president and equity research analyst, said that while US steel mills have mostly hedged rising electricity costs with long term contracts, they are impacted by increasing diesel prices to ship steel by…...
Nippon Steel to take direct control of U. S. Steel's European subsidiary
1+ week, 4+ day ago (187+ words) Yahoo Finance Oops, something went wrong Nippon Steel to take direct control of U. S. Steel's European subsidiary United States Steel Corp.'s European subsidiary will be moving to direct ownership by Nippon Steel Corp. , the world's fourth-largest steelmaker that acquired U. S. Steel…...
EU Parliament votes to raise steel tariffs in bid to protect industry
1+ week, 4+ day ago (176+ words) The European Parliament on Tuesday adopted stricter rules to protect the bloc's steel industry from cheap competition from countries such as China. A majority of MEPs voted in Strasbourg to allow significantly less steel to be imported into the EU…...
Algoma Steel Group Q1 2026 Earnings Call: Complete Transcript
2+ week, 3+ day ago (909+ words) Algoma Steel Group (NASDAQ: ASTL) released first-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. Algoma Steel Group transitioned to a fully electric arc furnace (EAF) operation, permanently halting blast furnace operations in January…...
Algoma Steel Group Q1 Earnings Call Highlights
2+ week, 3+ day ago (1068+ words) Interested in Algoma Steel Group Inc. ? Here are five stocks we like better. Algoma completed a major turnaround by permanently shutting its blast furnace on Jan. 18 and becoming a fully electric arc furnace operation, which management says marks a "defining…...
Nippon Steel expects $1. 4 billion fiscal year profit as one-off items fade
2+ week, 3+ day ago (279+ words) TOKYO, May 13 (Reuters) - Nippon Steel, Japan's biggest steelmaker, on Wednesday said it expects its net profit for the "year that ends in March to increase sharply to 220 "billion yen ($1. 4 billion) as the effects of one-off losses fade from its results....
Algoma Steel Group Inc. Reports Financial Results for the Three Months Ended March 31, 2026
2+ week, 4+ day ago (926+ words) EAF Unit 1 Fully Operational; Transition from Blast Furnace/Basic Oxygen Furnace to Electric Arc Furnace Steelmaking Complete Record Plate Sales of 116, 000 NT with Further Upside Expected as Plate-First Strategy Scales Adjusted EBITDA in line with Previously Disclosed Guidance SAULT STE....
Thyssenkrupp lifts steel division valuation after Jindal talks end
2+ week, 4+ day ago (195+ words) STORY: Thyssenkrupp raised the valuation assigned to its steel business by a quarter on Tuesday. Less than two weeks after talks to sell it to India's Jindal Steel fell through. Germany's Thyssenkrupp has tried to divest Europe's second-largest steelmaker for…...
U. S. Steel to invest $1. 9 B at Arkansas plant, create 200 permanent jobs
3+ week, 4+ day ago (232+ words) Yahoo Finance Oops, something went wrong U. S. markets close in 3h 1m U. S. Steel to invest $1. 9 B at Arkansas plant, create 200 permanent jobs United States Steel Corp. will invest $1. 9 billion at its Arkansas factory to produce direct reduced iron in what the company said…...
US Steel to invest $1. 9 B in a "first-of-its-kind" direct reduced iron plant
1+ mon, 20+ hour ago (380+ words) U. S. Steel will invest $1. 9 billion to build a direct reduced iron plant at its Big River Steel Works location in Osceola, Arkansas, the company said Wednesday. The investment allows U. S. Steel to vertically integrate DRI production, eliminating the need to ship raw…...