Financial Performance - Adjusted EBITDA reached R$27 billion[12] - Net income grew to R$11 billion, a 26% increase compared to 2Q25[12] - Free cash flow was R$10 billion, primarily due to higher working capital release[12] - Dividends declared for Gerdau S A were approximately R$555 million (R$028/share) and for Metalúrgica S A were approximately R$188 million (R$019/share)[12] - Share buyback program executed 88%, with approximately R$902 million invested, representing 29% of outstanding shares[12] Operational Highlights - Steel shipments reached 30 million tonnes, with YoY growth, including a 10% increase in North America[5] - North America achieved its highest-ever share in consolidated EBITDA at 65%, compared to 61% in 2Q25[8] - The Miguel Burnier Mining project is 90% complete and in the pre-operational phase, with start-up expected in 4Q25[10] Market Dynamics - Steel import penetration in Brazil remains high at 25% for the first nine months of the year[6] - CAPEX guidance for 2026 is R$47 billion, a 22% decrease compared to the 2025 estimate[12]

By Javi West Larrañaga (Reuters) -The boss of Spanish steelmaker Acerinox praised on Friday recently announced steel import quotas by the European Commission but said the company was working to get the measures adopted more quickly. "We are pushing and trying to accelerate the process as much as we can," Chief Executive Officer Bernardo Velazquez said on a call with analysts, suggesting the measures should come into place as early as April 2026, before the current ones expire at the end of June. "We can ...

Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] Company Analysis: Commercial Metals (CMC) - CMC has shown a price increase of 2.1% over the past four weeks, indicating growing investor interest [4] - The stock has gained 12.8% over the past 12 weeks, with a beta of 1.32, suggesting it moves 32% more than the market [5] - CMC has a Momentum Score of A, indicating a favorable time to invest [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - CMC is trading at a Price-to-Sales ratio of 0.85, suggesting it is undervalued at 85 cents for each dollar of sales [7] Investment Opportunities - CMC appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [8] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investing style [9]

Core Insights - Nucor Corporation (NYSE:NUE) is positioned to benefit from the growth in AI data center construction, as it is the only company capable of providing steel at scale for these facilities [2] Group 1: Company Overview - Nucor Corporation is one of the largest steel companies in America [2] - The company has been frequently discussed by Jim Cramer, particularly regarding the impact of Chinese steel flooding the US market [2] Group 2: Market Position and Demand - Jim Cramer highlighted that Nucor can meet the demand for steel in the data center construction boom, despite some concerns about short-term performance [2] - Cramer noted that orders for steel from companies like Nucor are strong, indicating a robust demand environment [2] Group 3: Investment Perspective - While Nucor is seen as a potential investment opportunity, there is a belief that certain AI stocks may offer higher returns with limited downside risk [2]

Group 1 - The appointment of a new executive follows an offer for Thyssenkrupp Steel's business from Jindal Steel [1]

China’s steel mills face renewed pressure after a short-lived recovery in margins, as raw materials costs turn higher and threaten to erode profits following a stronger third quarter for earnings https://t.co/uuOgZfeXlz ...

Group 1 - Nucor Corporation reported strong earnings, with a significant increase in earnings per share and sales up 15% year-over-year [1] - The company's performance is positively influenced by President Trump's tariffs on imported steel, which have created a more favorable market for domestic steel producers [1] - Nucor is recognized as one of the largest and most successful steel manufacturers in the United States, if not the world [1][2] Group 2 - Nucor manufactures a variety of steel products, including sheet, plate, structural, and bar steel, which are essential for construction and manufacturing industries [2]

Core Points - ArcelorMittal has completed the sale of its steel and mining operations in Bosnia and Herzegovina, specifically ArcelorMittal Zenica and ArcelorMittal Prijedor, to H&P d.o.o. Zvornik, part of the Pavgord Group [1] - The sale was initially announced in June 2025 following the signing of a sale and purchase agreement [1] Company Overview - ArcelorMittal is one of the world's leading integrated steel and mining companies, operating in 60 countries with primary steelmaking operations in 15 countries [2] - It is the largest steel producer in Europe and among the largest in the Americas, with a growing presence in Asia through its joint venture AM/NS India [2] - In 2024, ArcelorMittal generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel, and 42.4 million tonnes of iron ore [2] - The company's purpose is to produce smarter steels that are cleaner, stronger, reusable, and made using innovative processes that reduce energy consumption and carbon emissions [2]

Financial Performance - Q3 2025 shipping volume was 419K NT, a decrease of 19% compared to 520K NT in Q3 2024 and a decrease of 11% compared to 472K NT in Q2 2025[21] - Steel revenue in Q3 2025 was $473 million, down 12% from $539 million in Q3 2024 and down 11% from $534 million in Q2 2025[21] - Adjusted EBITDA for Q3 2025 was $(87) million, a decrease of $91 million from $4 million in Q3 2024 and a decrease of $55 million from $(32) million in Q2 2025[21] - Net loss in Q3 2025 was $(485) million, a decrease of $378 million from $(107) million in Q3 2024 and a decrease of $374 million from $(111) million in Q2 2025[21] - Adjusted EBITDA margin for Q3 2025 was -166%[21] Strategic Initiatives - The company is accelerating the retirement of blast furnace and coke oven operations as it ramps up EAF production through 2025 and 2026[28] - The company achieved first heat for EAF 1 in July 2025[37] - Construction is progressing on EAF 2, with commissioning activities expected in early 2026[37] Market Factors - Steel tariffs of 50% persist on imported steel into the US[34] - There is a current oversupply in the Canadian coil market due to the US market being cut off from Canadian steel mills[34] Safety - The company is implementing an ISO 45001 Safety Management System to further improve health and safety performance[17]

Core Insights - Cleveland-Cliffs Inc. has established a strategic partnership with POSCO, Korea's largest steelmaker and the world's third largest steelmaker outside of China [1] - The Memorandum of Understanding (MoU) between Cleveland-Cliffs and POSCO was executed on September 17, 2025 [1] - The recent completion of a new trade agreement between the U.S. and Korea is expected to enhance cooperation between the industrial sectors of both nations [1]