STLD
NASDAQ · Metals & Mining
Steel Dynamics Inc
$232.86
+2.87 (+1.25%)
STLD News15 articles
Nucor Stock Slides 6% on Q3 Forecast Shortfall
Nucor's Q3 earnings guidance midpoint of $5.60 fell 6.5% below consensus, sending shares down 6.3%. Analyst targets trimmed but Buy ratings persist.
Steel Dynamics Surges 5% as Canada Tariff Impasse Boosts Steel Margin Outlook
Steel Dynamics (STLD) rose 5% premarket after US-Canada trade talks collapsed, keeping 50% tariffs on Canadian steel, which could boost domestic steel prices and margins.
Cleveland-Cliffs Surges 29% as Steel Prices Offset Shipment Drop
Cleveland-Cliffs (CLF) shares surged 29% last week as higher steel prices more than offset a 2% decline in shipments. The company guided Q3 adjusted EBITDA to roughly $575 million.
Cleveland-Cliffs Stock Surges as Q3 Profit Outlook Hinges on Pricing Gains
Cleveland-Cliffs (CLF) shares jumped 6.8% on Friday as the company forecast Q3 adjusted EBITDA of $575 million, with nearly all growth attributed to improved pricing and cost reductions.
Cleveland-Cliffs Surges 17% as Steel Price Upturn Boosts Margins
Cleveland-Cliffs (CLF) shares surged 17% after forecasting Q3 adjusted EBITDA of $575 million, more than double Q2, as higher steel prices boosted margins despite lower shipment volumes.
Gerdau Shares Gain as Hydropower Deal Strengthens Energy Cost Hedge
Gerdau's ADR climbed 2.7% to $4.77 after the company acquired a 23.03% stake in hydro generator DFESA for R$154 million, advancing its energy hedging strategy.
Steel Dynamics Q2 earnings beat estimates as steel profit per ton jumps 26%
Steel Dynamics (STLD) reported Q2 earnings that topped estimates, with steel operating profit per ton surging 26% from the prior quarter. Shares fell over 2% in after-hours trading.
Cleveland-Cliffs Leads Steel Sector Lower Amid Auto Demand Woes
Cleveland-Cliffs shares dropped over 5% on Friday, the steepest decline among major U.S. steel producers, as the sector faced pressure from weak automotive demand and a broader market selloff.
Materials Sector Gains Amid Tariff Uncertainty, Gold Jumps
The materials sector advanced Friday despite pressure on steel producers from tariff speculation, while gold rallied sharply on renewed rate cut hopes.
UK Government Moves to Nationalize Speciality Steel After Private Deal Collapses
Britain is developing a state acquisition plan for Speciality Steel UK after rejecting a private bid, keeping 1,300 jobs in play but leaving financial details undisclosed.
Whyalla Steelworks Ends Blast Furnace Revival, 500 Jobs Cut Amid Sale
Administrators permanently shut Whyalla's blast furnace, eliminating 500 jobs. Sale to Jindal or M Resources proceeds with government backing.
Nucor's Earnings Soar to $743M, Steel Mills Hit Record Shipments
Nucor's Q1 profit surged to $743M, with record steel mill shipments of 7M tons. Shares climbed 4.5% after the company beat revenue forecasts.
BlueScope Steel Reviews Sweetened $32.35 Per Share Takeover Bid
BlueScope Steel shares advanced 2.6% as the company confirmed it is evaluating a revised non-binding takeover proposal from SGH and Steel Dynamics. The board cautioned there is no certainty a deal will be reached.
BlueScope Steel Shares Dip Despite Upbeat Earnings Outlook and Capital Return Plan
BlueScope Steel shares declined to A$28.00 as investors assessed an improved second-half earnings outlook and an expanded capital return program, including a 65-cent interim dividend.
Materials Sector Gains on Inflation Data, Steel Slumps on Tariff Fears
The materials sector advanced Friday as a cooler inflation reading boosted sentiment, though steel and aluminum stocks retreated amid renewed tariff concerns. Copper prices held firm despite a significant build in exchange inventories.