Group 1: Collaboration and Industry Focus - Nucor Corporation has entered into a collaboration with The Nuclear Company to revitalize the domestic nuclear supply chain and enhance U.S. manufacturing capacity [1][9] - The initiative aims to promote steel materials and manufacturing that meet the stringent American Society of Mechanical Engineers' NQA-1 certification standard [3] - This collaboration follows executive orders aimed at expanding U.S. nuclear capacity, targeting 400 GW of nuclear reactors by 2050, including 10 large-scale reactors by 2030 [3] Group 2: Industry Challenges - The U.S. nuclear sector supply chain has been weakened as China and Russia have aggressively expanded their reactors and exported technology [4] - The U.S. Department of Energy reported a lack of large forges to produce gigawatt-scale reactor vessels, and the number of American facilities certified to produce commercial nuclear-grade components has decreased by over 40% in the past three decades [4] Group 3: Earnings Guidance and Market Outlook - Nucor has provided third-quarter 2025 earnings guidance in the range of $2.05 to $2.15 per share, indicating a sequential decline but year-over-year growth [5] - Steel Dynamics expects third-quarter earnings to improve, forecasting a range of $2.60 to $2.64 per share, driven by strong shipments and declining scrap raw material costs [6] - Cleveland-Cliffs revised its full-year 2025 guidance, projecting capital expenditures of approximately $600 million and targeting steel unit cost reductions of about $50 per net ton compared to 2024 [7] - ArcelorMittal anticipates softer demand in the U.S. for flat steel consumption, projecting a decline of 2.0% to 0% in 2025, while demand outside China is forecasted to rise by 1.5-2.5% [8]

Algoma Steel Group extended this week’s share decline Thursday after the Canadian steelmaker said it expects to post an earnings loss in its third quarter amid shrinking steel shipments https://t.co/g8ZQMTrV8D ...

Prime Minister Mark Carney created a new Defense Investment Agency to build domestic manufacturing and accelerate the rearming of the Canadian military, aiming to boost sectors such as steel that have been damaged by US tariffs https://t.co/TONre7GwAc ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) will announce its third-quarter 2025 earnings results before the U.S. market open on Monday, October 20, 2025. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on the same morning, October 20, 2025, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at. ...

Thyssenkrupp and Kretinsky have ended talks over the latter investing more in the German conglomerate’s European steel unit, clearing the way for rival suitor Jindal https://t.co/K6QSX6tmbU ...

Core Insights - Steel Dynamics, Inc. (NASDAQ:STLD) is recognized as one of the best long-term investment stocks, demonstrating consistent revenue and dividend growth [1] Financial Performance - For Q3 2025, Steel Dynamics provided earnings guidance of $2.60 to $2.64 per diluted share, surpassing BMO's estimate of $2.55 and the consensus of $2.58 [2] - BMO Capital reaffirmed its Outperform rating with a price target of $150, attributing the expected earnings beat to solid steel shipments, wider metal spreads, and strong profitability in the metals recycling division [2] Operational Highlights - Strong order backlogs from various sectors, including commercial, data center, manufacturing, warehouse, and healthcare, are expected to enhance steel fabrication operations with increased volumes and stable spreads [3] - The company is successfully commissioning its aluminum plant in Columbus, Mississippi, and its recycled slab facility in San Luis Potosi, Mexico, with early-stage performance exceeding expectations [3] - In Q3, Steel Dynamics repurchased $185 million worth of ordinary shares, indicating confidence in its financial position [3] Business Segments - Steel Dynamics operates through its Steel Operations, Metals Recycling, Steel Fabrication, and Aluminum divisions, focusing on steel manufacturing and metal recycling in the United States [4]

Core Viewpoint - Algoma Steel Group Inc. is facing challenges with expected negative Adjusted EBITDA while achieving significant milestones in its transition to low-carbon steelmaking [2][3]. Financial Guidance - Total steel shipments for the quarter are projected to be approximately 415,000 – 420,000 net tons [2]. - Adjusted EBITDA is anticipated to be negative $80 million – negative $90 million [2]. Strategic Initiatives - The company has successfully completed its first arc and first steel production from its electric arc furnace (EAF) in July, marking a key milestone in its transformation [3]. - Algoma is focusing on Canadian market demand with a tailored product mix of plate and coil, supported by federal and provincial financial assistance [3]. Leadership Changes - David Sgro has resigned from the board of directors for personal reasons, with acknowledgments of his contributions during a transformative period for the company [4][5]. - The Chair of the Board, Andy Harshaw, expressed gratitude for Sgro's leadership and impact on the company's strategic vision [5]. Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a fully integrated producer of hot and cold rolled steel products, serving various sectors including automotive, construction, and energy [6]. - The company is recognized as a key supplier of steel products in North America and is the only producer of discrete plate products in Canada [6]. Environmental Commitment - Algoma is modernizing its plate mill and adopting electric arc technology to significantly reduce carbon emissions, emphasizing its commitment to environmental stewardship [7]. - The company aims to become one of North America's leading producers of green steel through investments in people and processes [7].

Whales with a lot of money to spend have taken a noticeably bullish stance on Cleveland-Cliffs.Looking at options history for Cleveland-Cliffs (NYSE:CLF) we detected 8 trades.If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.From the overall spotted trades, 3 are puts, for a total amount of $255,894 and 5, calls, for a total amount of $215,504.What's The Price Target?Based on the trading activity, it app ...

Gerdau Investor Day Summary Company Overview - **Company**: Gerdau (NYSE:GGB) - **Event**: 2025 Investor Day - **Date**: October 01, 2025 Key Points Industry Context - The steel industry is facing challenges from high levels of imports, particularly from China, which is perceived as unfair competition due to subsidies [12][13] - Brazil is experiencing a significant deficit in engineering talent, with a projection of a shortage of 1,000,000 engineers by 2030 [10] - The Brazilian steel market is currently dealing with record levels of steel imports, which have reached 6.3% of total consumption, impacting profitability [60] Financial Management and Capital Allocation - Gerdau announced a reduction in CapEx disbursement by 22% for 2026, totaling BRL 4.7 billion, with BRL 2.9 billion allocated for maintenance and BRL 1.8 billion for competitive edge [21][19] - The company has maintained a strong financial position with a net debt to EBITDA ratio of 1.5x, indicating low leverage and financial health [40] - Gerdau has consistently returned more than 30% of net income to shareholders, with 75% of free cash flow returned through dividends and share buybacks [42][43] Operational Highlights - Gerdau is focusing on three main projects for the next three years: expansion in Midlothian, Texas, a new recycling center in Pindamonhangaba, and investments in mining operations [22][24][66] - The mining project is expected to ramp up by early next year, with an investment of BRL 3.6 billion, providing a significant competitive advantage [66][72] - The company is also investing in self-generation of electricity to reduce costs, which currently account for 4% of production costs in Brazil [30][33] Market Trends and Demand - The Brazilian market is expected to see moderate growth aligned with GDP, with specific segments like civil construction showing resilience despite high-interest rates [53][54] - Demand for steel in the automotive sector remains strong, although there are concerns about the inflow of imports affecting growth [56][59] - Gerdau is adapting to tariffs imposed on steel imports, which have led to a decline in imports and increased domestic prices, benefiting profitability [86][90] Strategic Initiatives - Gerdau is implementing a vertical integration strategy to secure its supply chain, particularly in iron ore, which is crucial for maintaining competitive production costs [64][66] - The company is enhancing its product portfolio, particularly in flat steel, to cater to high-demand sectors like oil and gas [74] - Gerdau is focusing on optimizing its mini-mill operations to improve scrap recovery and reduce dependency on external ore sources [80][81] Conclusion - Gerdau is positioning itself to navigate the challenges in the steel industry through strategic investments, operational efficiencies, and a strong focus on financial discipline, while also addressing the need for talent development in Brazil [11][10][15]

CAPEX and Investments - Gerdau expects to invest R$6 billion in 2025 and R$47 billion in 2026, focusing on maintenance, coking plants, blast furnaces, and competitiveness[13] - Approximately 45% of the total estimated CAPEX for 2026 is allocated to three main projects: Midlothian Expansion, Scrap Processing in Pindamonhangaba, and Miguel Burnier Mining[18] - The Miguel Burnier sustainable mining platform has a CAPEX of R$36 billion between 2023 and 2026 and a potential EBITDA gain of approximately R$11 billion per year[99] Financial Management and Liquidity - Gerdau's average debt term is 72 years, with a gross debt of R$181 billion and cash reserves of R$90 billion, resulting in a net debt of R$91 billion and a net debt/EBITDA ratio of 085x[37] - The company has strong liquidity in US dollars, with 59% of its cash held in USD[40, 41] - Approximately 75% of free cash flow generated from 1Q18 to 2Q25 was allocated to shareholders through dividends and buybacks, with shareholder remuneration totaling R$174 billion and buybacks at R$33 billion[59, 60] Brazil Operations - Gerdau's Brazil operations have a crude steel capacity of approximately 78 million tons per year and a rolling capacity of approximately 82 million tons per year[76] - The company anticipates moderate growth prospects in Brazil for the segments in which it operates, including automotive (+14%), industry, agriculture, and other (+17%), and civil construction (+05%) in 2026[80] - Gerdau is investing in a new hot coil rolling capacity in Brazil, expecting a total available capacity of 1080kt/year in 4Q25 and a potential EBITDA of R$400 million per year[93, 98] North America Operations - Gerdau has re-balanced its operational footprint in North America to minimize shipments between countries and has captured additional business from import declines due to tariffs[149] - The company has increased SBQ new sales quoting in the US by 60%, indicating new local investment activity[149] - Gerdau is well-positioned in high-growth end-markets in North America, such as renewable energy and data centers, and is increasing capacity at its Midlothian mill with a R$12 billion investment and a potential EBITDA of R$275 million per year[159, 166, 172]