Core Viewpoint - SGH Ltd and Steel Dynamics have made a final takeover bid of A$15 billion ($10.62 billion) for BlueScope Steel, offering A$32.35 per share, which is a 15.5% premium over their previous offer of A$30 per share [1]. Group 1: Offer Details - The new offer represents SGH and Steel Dynamics' best and final bid in the absence of a superior competing proposal for BlueScope Steel [1]. - The cash offer excludes dividends and is aimed at BlueScope shareholders [1]. Group 2: Financial Context - The total bid of A$15 billion translates to approximately $10.62 billion, with the exchange rate noted as $1 = 1.4118 Australian dollars [1].

US Trade Representative Jamieson Greer signaled that the Trump administration is open to changing its broad tariffs on steel and aluminum amid pressure from business groups and trading partners https://t.co/V6HTcRnc4B ...

Market Performance - Stock markets closed higher for the second consecutive session, driven by gains in bank, IT, and capital goods shares [3] - The 30-share BSE Sensex increased by 173.81 points, or 0.21%, closing at 83,450.96, with a daily range between 83,598 and 82,987.43 [3] - The 50-share NSE Nifty rose by 42.65 points, or 0.17%, settling at 25,725.40 [4] Gainers and Losers - Major gainers among Sensex constituents included ITC, Bharat Electronics Ltd, Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharmaceuticals, Maruti Suzuki India, IndiGo, State Bank of India, and Tech Mahindra [5] - On the downside, stocks such as Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, and Hindustan Unilever experienced losses [8] Sector Performance - Defence stocks gained 1.3%, influenced by expectations surrounding discussions on the acquisition of additional Rafale fighter jets [12] - The IT sector saw a selective recovery following a sharp correction, supported by strategic collaborations with global AI partners [10] - Among sectoral indices, PSU Bank rose by 2.36%, IT by 1.15%, Industrials by 1.13%, and Capital Goods by 0.76% [10] Market Sentiment - Analysts noted that domestic markets traded in a range-bound manner, with a cautiously optimistic outlook amid global cues and domestic developments [9][14] - The market capitalization of BSE-listed firms increased by ₹152,688.24 crore to ₹4,70,11,313.57 crore (approximately $5.18 trillion) [11]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Viewpoint - Friedman Industries, Incorporated (FRD) reported significant improvements in earnings and sales for the third quarter of fiscal 2026, driven by higher average selling prices and the acquisition of Century Metals & Supplies, despite a slight decline in stock price following the earnings report [1][2][7]. Financial Performance - For the third quarter ended Dec. 31, 2025, FRD reported net earnings of $3 million, or $0.43 per diluted share, compared to a net loss of $1.2 million, or $0.17 per diluted share, in the same quarter last year [2]. - Net sales surged 78.6% year over year to $167.9 million from $94.1 million, with sales volume increasing by 36% [2]. - Earnings from operations improved to $3.9 million from a loss of $1.2 million a year earlier [2]. Segment Performance - Flat-roll sales increased 77.6% to $153 million from $86.1 million, with average selling prices climbing 24.9% to $1,016 per ton from $813 per ton [3]. - Tubular segment sales jumped 88.4% to $14.9 million from $7.9 million, with tons sold increasing from 8,000 to 12,500 and average selling prices rising 18.6% to $1,201 per ton from $1,013 per ton [4]. Year-to-Date Metrics - For the first nine months of fiscal 2026, net sales increased 44.3% to $455.1 million from $315.4 million in the prior-year period, while net earnings rose to $10.3 million from $0.7 million [5]. - A gain of $1.4 million on economic hedges was recognized in the fiscal third quarter, compared to $0.3 million in the year-ago quarter [5]. Balance Sheet and Acquisition Impact - Total assets increased to $311.9 million as of Dec. 31, 2025, from $226.8 million as of March 31, 2025, while total liabilities rose to $169.6 million from $94.4 million [6]. - The acquisition of Century Metals & Supplies for approximately $52.7 million expanded FRD's presence in the southeastern United States and Latin America, broadening its product offerings [11]. Management Insights - The CEO attributed the quarter's performance to improved capacity utilization, disciplined commercial execution, and the Century acquisition, with a focus on margin gains and commodity price risk management [7]. - Management expressed confidence in FRD's ability to capitalize on near-term opportunities and long-term industry demand [7]. Future Outlook - Management expects fourth-quarter fiscal 2026 sales volumes to remain consistent with third-quarter levels and anticipates sequential improvement in sales margins due to higher average selling prices [9].

Company Overview - Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck, and cold finished bars in the United States, with 123 operating facilities primarily located in the U.S. and Canada [12] - The company also produces direct reduced iron (DRI) used in its steel mills, and most of its facilities and customers are based in North America [12] Investment Ratings - Nucor is currently rated as 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid overall performance [13] - The company has a Momentum Style Score of A, with shares increasing by 5.1% over the past four weeks [13] Earnings Estimates - Four analysts have revised their earnings estimates upwards for fiscal 2026, with the Zacks Consensus Estimate increasing by $0.50 to $11.74 per share [13] - Nucor boasts an average earnings surprise of +7.5%, suggesting a positive trend in earnings performance [13] Investment Consideration - With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, Nucor is recommended to be on investors' short list for potential investment opportunities [14]

Core Insights - The report indicates a significant increase in mutual fund allocations to Public Sector Undertaking (PSU) banks, reaching a three-year high of 3.7% in January 2026, up 30 basis points from 3.4% in the previous months [10][11] - Private banks also saw their weight rise to an eight-month high of 18.2% in January 2026, reflecting a monthly increase of 60 basis points and a yearly increase of 110 basis points [10][12] - The report highlights that State Bank of India (SBI) was among the top stocks with the highest month-on-month value increase, with a rise of Rs 96.6 billion [7][12] Mutual Fund Activity - In January 2026, various mutual funds showed divergent interests in SBI, with 15 funds buying and 5 funds selling the stock [11][12] - SBI Mutual Fund purchased 62.47 lakh shares of SBI, while HDFC Mutual Fund sold 35.96 lakh shares during the same period [8][12] - The report notes that several mutual funds, including Axis Mutual Fund and Aditya Birla Sun Life Mutual Fund, also increased their holdings in SBI [8][12] Sector Performance - The allocation in the BSE 200 index was reported at 4.1%, with several fund houses exceeding this allocation [11] - The top 10 stocks that experienced the maximum rise in value included SBI, Axis Bank, and ICICI Bank, indicating strong performance in the banking sector [7][12] - Mutual funds showed increased interest in sectors such as Utilities, Technology, Capital Goods, Metals, and Cement, while sectors like Consumer, Oil & Gas, and Healthcare saw a decrease in weights [10][12] ETF and Index Fund Performance - The DSP Nifty PSU Bank ETF and Mirae Asset Nifty PSU Bank ETF reported the highest returns of 30.61% in the last six months, while the SBI BSE PSU Bank Index Fund gained 28.09% [9][12] - The NIFTY PSU BANK - TRI index increased by 30.71% over the same period, reflecting strong performance in the PSU banking sector [9][12]

BlueScope Steel’s plans to expand further in the U.S. by investing in midstream capacity have fallen down the agenda. https://t.co/61TFnPu6H1 ...

BlueScope Steel's plans to expand further in the U.S. by investing in midstream capacity have fallen down the agenda. ...

Financial Performance - ArcelorMittal SA reported Q4 2025 earnings per share of $0.86, which is 38.71% higher than the consensus estimate of $0.62, although revenue was below expectations at $14.97 billion [1] Renewable Energy Initiatives - The company plans to create 2.8GW of renewable energy capacity by 2028, which is estimated to add $0.4 billion to EBITDA [2] - ArcelorMittal has already licensed 1.6GW of renewable energy in India, Brazil, and Argentina, with an additional 1.2GW in progress [2] Iron Ore Business Development - The iron ore business in Liberia achieved record exports of 10 million tons in 2025, contributing $0.2 billion to EBITDA [3] - An agreement with the Government of Liberia allows operations to extend until 2050, with a new concentrator expected to ramp up to full capacity in 2026, enabling an expansion to 30 million tons capacity [3] Company Overview - ArcelorMittal SA is a leading steel and mining company that produces and sells steel products for various industries, including automotive, construction, and household appliances [4]