BlueScope Steel said it will lead an international consortium to bid for the beleaguered Whyalla steelworks in South Australia https://t.co/HxcdV8WqgF ...

Growing concerns over the impacts of President Trump's new tariffs, particularly for states that border Canada and rely on open trade with our northern neighbor. On Friday, President Trump raised levies on Canadian imports to as high as 35% with a 25% on automobiles and 50% on steel and aluminum. Canada's Minister of US trade today saying he is hopeful that an agreement favorable to both countries can still be worked out.We think uh Miss Brennan that the economies of both countries are strengthened when we ...

Group 1 - ArcelorMittal S.A. has transformed from a traditional steel manufacturer to the world's second-largest integrated steel producer and mining company [1] - The company operates in over 60 countries, showcasing a significant global footprint [1] Group 2 - The article does not provide any financial data or performance metrics related to ArcelorMittal S.A. [1]

1 August 2025, 19.30 CET ArcelorMittal (the ‘Company’) has today published its half-year report for the six-month period ended 30 June 2025. The report is available on http://corporate.arcelormittal.com/ under Investors > Financial reports > Half-year reports, and on the electronic database of the Luxembourg Stock Exchange (www.bourse.lu/). The report has also been filed on Form 6-K with the U.S. Securities and Exchange Commission (SEC) and is available on http://corporate.arcelormittal.com/ under Investors ...

The billionaire Batista brothers, who control meatpacking giant JBS, have expanded into Brazil’s steel industry with the purchase of a minority stake in Usinas https://t.co/w6EU84hVlc ...

Financial Performance and Key Metrics - The company's adjusted EBITDA for the quarter was BRL 2.6 billion, a 6.6% increase compared to the previous year, with North America being the standout segment [6] - Net income reached BRL 864 million, or BRL 0.43 per share, reflecting a 14% increase year-over-year [6] - The company's leverage ratio, defined as net debt over EBITDA, ended the period at 0.85 times, significantly below the established debt policy level [7] Business Line Performance - North American operations contributed 61% of consolidated EBITDA, marking the highest share in the company's history [4] - Brazilian operations faced challenges due to excessive steel imports, with an import penetration rate of 23.4% in the first half of the year, prompting a reduction in investments in Brazil [5][6] Market Data and Key Indicators - The North American market is experiencing high steel demand, particularly from the non-residential construction sector, with order backlogs above historical levels [10][11] - In Brazil, despite good demand for steel, the market is adversely affected by high levels of imports, leading to concerns about future import records if trade defense mechanisms are not improved [12] Company Strategy and Industry Competition - The company is focusing on internationalization and geographic diversification, operating autonomously in seven countries across the Americas [4] - A strategic decision has been made to reduce future investments in Brazil while maintaining investments in North America, where the outlook is more favorable [20][23] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment over the lack of effective trade defense measures in Brazil, which has led to a competitive imbalance [38] - The company anticipates a resilient civil construction market in the coming months, while closely monitoring the automotive and agricultural sectors affected by high interest rates [12] Other Important Information - The company approved a dividend distribution of BRL 239 million, equating to BRL 0.12 per share, and continues its share buyback program, which has reached 68% completion [9] - The Miguel Bernier sustainable mining project is 72% complete and is expected to generate BRL 1.1 billion in annual EBITDA once fully operational [8][26] Q&A Session Summary Question: CapEx expectations and mining project details - Management indicated that an annual CapEx of BRL 5 billion to BRL 6 billion is sustainable, with a shift towards competitiveness and cost reduction projects rather than solely increasing production capacity [17][18] - The mining project is expected to generate significant incremental EBITDA, with a ramp-up planned for 2026 [26] Question: Concerns about increasing net debt and cash flow - Management acknowledged the increase in net debt but emphasized that a significant portion was allocated to shareholder returns through dividends and buybacks [35] - The company expects to generate positive cash flow in the second half of the year, which should help reduce leverage [46] Question: Strategy regarding rebar pricing and market share - Management confirmed that they are not willing to lose market share in rebar and are monitoring the competitive landscape closely [59][62] - The company believes there is room for price recovery in rebar, despite current challenges [42] Question: Future investments and structural measures in Brazil - Management is considering long-term adjustments in Brazil due to the current competitive environment and is focused on maintaining production capacity [56][58] - The company is committed to ongoing maintenance investments to ensure competitiveness [66]

Financial Performance - The adjusted EBITDA for the second quarter was BRL 2.6 billion, a 6.6% increase compared to the previous year, with North America being the standout segment [6] - Net income reached BRL 864 million, or BRL 0.43 per share, reflecting a 14% increase year-over-year [6] - The company's leverage ratio, net debt over EBITDA, ended at 0.85 times, significantly below the established debt policy level [8] Business Segment Performance - North American operations contributed 61% of consolidated EBITDA, marking the highest share in the company's history [4] - Brazilian operations faced challenges due to excessive steel imports, with an import penetration rate of 23.4% in the first half of the year [5] - The company plans to reduce investments in Brazil due to the unfavorable market conditions and high import levels [5][20] Market Dynamics - The North American market is experiencing high steel demand, particularly from the non-residential construction sector, with order backlogs above historical levels [10][11] - In Brazil, despite good demand for steel, the market is negatively impacted by high levels of imports, leading to concerns about future import records if trade defense mechanisms are not improved [12] - The company is closely monitoring the automotive and agricultural sectors, which are being affected by high interest rates [12] Strategic Direction - The company is committed to sustainability, achieving the lowest GHD emissions in its history at 0.85 tons of CO2 per ton of steel produced [3] - Future capital expenditures (CapEx) will be reduced, particularly in Brazil, while maintaining investments in North America to capitalize on favorable market conditions [20][22] - The company aims to balance supply and demand in North America without overextending capacity, focusing on high-value products [23][24] Management Commentary - Management expressed disappointment with the lack of effective trade defense measures in Brazil, which has led to a challenging competitive landscape [41] - The company anticipates positive cash generation in the second half of the year, with expectations for improved free cash flow [49] - Management emphasized the importance of maintaining a robust balance sheet during the current investment cycle, despite increased leverage [39] Other Important Information - The company has approved a dividend distribution of BRL 239 million, reflecting a payout ratio of 90% for the second quarter [9] - CapEx for the quarter was BRL 1.6 billion, primarily allocated to the Miguel Bernier sustainable mining project, which is 72% complete [8] - The company is executing a share buyback program, having completed 68% of the planned buybacks for the year [9] Q&A Session Summary Question: CapEx expectations and mining project details - Management discussed the sustainable mining project and its expected incremental EBITDA contribution of BRL 1.1 billion once operational [16][28] - Future CapEx levels will be reduced, particularly in Brazil, due to the lack of competitive returns in the current market [20][22] Question: Concerns about increasing net debt and cash flow - Management acknowledged the increase in net debt but emphasized that a significant portion was used for shareholder returns through dividends and buybacks [31][39] - The company expects to generate positive cash flow in the second half of the year, which should help reduce leverage [49][57] Question: Strategy for rebar market and competition - Management confirmed that Gerdau is not losing market share in the rebar segment and is focused on maintaining its competitive position despite high import levels [64][68] - The company is cautious about pricing strategies in the rebar market, given the current competitive dynamics [46][70] Question: Future investments and structural measures in Brazil - Management indicated that while investments in Brazil will be reduced, maintenance CapEx will continue to ensure competitiveness [72] - The company is exploring long-term adjustments to adapt to the current market conditions in Brazil [62][60]

Financial Performance - Gerdau's adjusted EBITDA reached R$26 billion, with North America's improved results offsetting performance in Brazil and South America[16] - Net income was R$864 million, with earnings per share at R$043, a 14% increase compared to 1Q25[16][17] - Gerdau S A issued US$650 million in bonds and R$14 billion in debentures to bolster cash and lengthen the company's debt profile[17] - Gerdau S A executed 68% of its share buyback program, investing approximately R$686 million, representing 22% of outstanding shares[17] Regional Performance - North America achieved its highest all-time share in consolidated EBITDA at 61%, compared to 48% in 1Q25[10] - North America's net sales increased by 42% to R$9139 million, with EBITDA increasing by 365% to R$1635 million[36] - Brazil's shipment volume decreased by 52% from 1Q25[33] - South America's shipments increased by 218% to 288000 tonnes[45] Market Dynamics - The import penetration rate in Brazil reached a critical 26%, a 39 percentage point increase compared to 2Q24[12][33] - Steel imports continue at a record pace despite trade defense measures in place[14] Strategic Investments - Approximately 50% of the total estimated CAPEX for the year, amounting to R$16 billion, has already been invested[16] - The Sustainable Miguel Burnier Mining project is 72% complete and is under pre-operational planning for start-up in 4Q25[16]

Financial Data and Key Metrics Changes - The company reported sales of $496 million and net income of $5.2 million for the second quarter of 2025, compared to $7.7 million in the same period of 2024 [6][18] - Adjusted EBITDA for the quarter was $20.3 million, a 26% increase compared to the first quarter of 2025, but down from $21.3 million in the prior year period [7][19] - Consolidated operating expenses totaled $110.4 million, up from $104.6 million in 2024, reflecting the addition of Metalworks [20] Business Segment Data and Key Metrics Changes - The Carbon segment achieved second quarter EBITDA of $12.5 million, while the Pipe and Tube segment recorded adjusted EBITDA of $6.7 million [13] - The Specialty Metals Group saw EBITDA of $5.9 million, representing over 60% improvement from the first quarter [14] - All three business segments continued to deliver positive EBITDA despite challenging market conditions [7] Market Data and Key Metrics Changes - Shipping data indicated that service center shipping rates in 2025 are below those of 2024, yet the company's flat roll shipments for the first half of 2025 remained above the same period in 2024 [11][12] - The company gained market share across its stainless and aluminum product lines, driven by increased demand following tariff adjustments [14] Company Strategy and Development Direction - The company is focused on diversifying into higher value metal-intensive products and expanding fabricating capabilities [7] - A robust capital expenditure plan for 2025 includes $35 million primarily for organic growth opportunities and automation [14] - The company has completed eight acquisitions in the last seven years, with the integration of Metalworks contributing positively to earnings [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing uncertainty in the manufacturing industry due to tariffs but expressed optimism about emerging trends such as the resolution of reciprocal tariffs and new tax legislation [10] - The company expects the environment to remain challenging in the second half of the year but sees potential for growth in U.S. manufacturing and fabrication services [15][16] Other Important Information - The effective tax rate for the second quarter was lower than the previous year, with expectations for the 2025 tax rate to approximate 28% to 29% [21] - The company has maintained a quarterly dividend of $0.16 per share, continuing a history of regular dividends since February 2006 [22] Q&A Session Summary Question: Can you elaborate on the new processing and automation equipment? - The new equipment includes high-speed lasers and a casto system to improve safety and efficiency, with benefits expected to materialize as operations ramp up [24][25] Question: What are the drivers behind the flat roll margin improvements? - Margin improvements were driven by changes in index pricing and a strategic focus on higher-margin products and fabrication [38][39] Question: How do you see the pricing for hot rolled steel in the second half of the year? - Pricing is expected to stabilize unless there are changes to tariffs, which could introduce pressure [56] Question: Are there still acquisition opportunities available? - The company is actively looking at more acquisition candidates, with a recent increase in opportunities compared to earlier in the year [67][68]

Companhia Siderúrgica Nacional (SID) Q2 2025 Earnings Call August 01, 2025 08:30 AM ET Speaker0Good morning and thank you for holding. At this time, we would like to welcome everyone to CSN's Earnings Conference for the 2025. Today, we have with us the company's Executive Officers. We would like to inform you that this event is being recorded and all participants will be in listen only mode during the company's presentation. Ensuing this, we will go on to the question and answer session.We have simultaneous ...