SOURCE Steel Dynamics, Inc. FORT WAYNE, Ind., April 23, 2025 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release First Quarter 2025 financial results after market close on Tuesday, April 22, 2025. The teleconference is scheduled to begin at 11:00 a.m. Eastern Daylight Time on Wednesday April 23, 2025 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa ...

Core Insights - Steel Dynamics reported revenue of $4.37 billion for the quarter ended March 2025, a decrease of 6.9% year-over-year, with EPS at $1.44 compared to $3.67 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.15 billion by 5.38%, and the EPS also surpassed the consensus estimate of $1.40 by 2.86% [1] Financial Performance - The average external sales price for steel was $998 per ton, lower than the estimated $1,013.61 per ton [4] - The average sales price for steel fabrication was $2,599 per ton, compared to the estimated $2,858.1 per ton [4] - External net sales for steel were $3.07 billion, down 8.9% year-over-year, exceeding the average estimate of $2.89 billion [4] - External net sales for steel fabrication were $352.31 million, representing a year-over-year decline of 21.2%, below the average estimate of $392.77 million [4] - External net sales for metals recycling were $534.90 million, a decrease of 6.1% year-over-year, surpassing the average estimate of $518.05 million [4] - External net sales for other segments were $348.40 million, reflecting a year-over-year increase of 12%, above the average estimate of $305.56 million [4] Market Performance - Steel Dynamics shares have returned -10.4% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - Algoma Steel Group Inc. is set to release its first quarter financial results for 2025 on April 29, 2025, followed by a conference call on April 30, 2025, to discuss the results and recent developments [1][2]. Company Overview - Algoma Steel, based in Sault Ste. Marie, Ontario, is a leading Canadian producer of hot and cold rolled steel products, including sheet and plate [3]. - The company aims to provide customer-driven product solutions across various sectors such as automotive, construction, energy, defense, and manufacturing [3]. - Algoma is the only producer of discrete plate products in Canada and operates one of the lowest-cost hot rolled sheet steel producers in North America through its Direct Strip Production Complex [3]. Transformation and Sustainability - Algoma is undergoing a transformation by modernizing its plate mill and adopting electric arc technology, which focuses on recycling and environmental stewardship to reduce carbon emissions significantly [4]. - The company is committed to investing in its workforce and processes to become a leading producer of green steel in North America [4][5].

Financial Performance - Steel Dynamics, Inc. reported first quarter 2025 net sales of $4.4 billion, with net income of $217 million or $1.44 per diluted share, compared to $207 million or $1.36 per diluted share in the previous quarter and $584 million or $3.67 per diluted share in the same quarter last year [1][20]. - The company's operating income for the steel operations was $230 million, a 39% increase from the previous quarter, driven by record shipments [4][25]. - Adjusted EBITDA for the first quarter 2025 was $448 million, reflecting a decrease from $878 million in the prior year [25]. Operational Highlights - Steel shipments reached a record of 3.5 million tons in the first quarter 2025, with strong demand from the energy, non-residential construction, automotive, and industrial sectors [11][4]. - The average external product selling price for steel operations decreased by $13 sequentially to $998 per ton, while the average ferrous scrap cost per ton melted increased by $16 to $386 [4][25]. - The company's Sinton Texas Flat Roll Division operated at an 86% capacity rate, often exceeding 90% [4]. Strategic Initiatives - The company is focusing on value-added flat rolled steel and aluminum expansion initiatives, which are expected to drive continued growth [3][10]. - Steel Dynamics is investing in aluminum operations to diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content [16][13]. - The company issued $1.0 billion in unsecured notes to support general corporate purposes, including potential repayment of existing debt [7]. Market Outlook - The company anticipates solid domestic steel consumption through 2025, supported by improved order entry activity and firming steel pricing [9]. - Recent trade actions are expected to reduce unfairly traded imports, positively impacting the company as the largest non-automotive flat rolled steel coater in the U.S. [9]. - The ongoing onshoring of manufacturing and public-private funding for fixed asset investments are expected to enhance demand for steel products [6][9].

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **Global Metals & Mining** industry, specifically the steel production dynamics in **Emerging Asia and the Middle East** compared to China [1][2][3]. Core Insights and Arguments - **Steel Production Growth**: Developing markets excluding China have experienced a steel production growth rate of **2.3% per annum**, resulting in a **40% increase** since the Global Financial Crisis (GFC) from 2007 to 2024. In contrast, developed markets have seen a decline of **2.2% per annum**, leading to a **30% decrease** in production over the same period [1][2]. - **Emerging Asia and Middle East Contribution**: This region has led the growth in steel production, achieving a growth rate of **5.8% per annum** over the last two decades. It now accounts for nearly **one-third** of steel output outside of China, up from **14% in 2007** [1][3][4]. - **Future Demand Projections**: If the growth rate in Emerging Asia and the Middle East continues, it could add over **500 million tonnes** of steel demand over the next two decades, potentially offsetting a projected halving of steel demand in China during the same timeframe [1][5]. Additional Important Insights - **Comparative Growth Rates**: The growth in Emerging Asia and the Middle East is comparable to China's growth rate in 2004, indicating that significant economic entities are emerging that can sustain steel production growth independently of China [4][5]. - **Regional Disparities**: While Emerging Asia (notably India, Vietnam, and Korea) and the Middle East (primarily Iran) have shown robust growth, regions like Africa, the former CIS, and Latin America have lagged behind, highlighting the uneven distribution of growth within developing markets [3][4]. This summary encapsulates the key points discussed in the conference call regarding the steel production landscape, emphasizing the potential of Emerging Asia and the Middle East to play a significant role in the global steel market moving forward.

CITI'S TAKE Materials demand in 1Q25 was mostly in line with our expectation, with stronger prints on steel and cement, and weaker on coal. As the trade war between the US and China escalates, we assess the impact from trade disruptions and potential RMB depreciation on materials. We believe the impact of tariffs has already kicked in for the battery supply chain (see note) and expect more to be felt through commodities in the coming months. This should call for more decisive policies from Chinese side to b ...

Business Overview - The company is the nation's largest manufacturer of steel wire reinforcing products, headquartered in Mount Airy, NC, and operates 11 facilities[8, 9, 15] - The company's operations are focused on manufacturing and marketing steel wire reinforcing products for concrete construction applications, consisting of Welded Wire Reinforcement (WWR) which accounts for 42% of sales, and Prestressed Concrete Strand (PC Strand) which accounts for 58% of sales[13, 15] - The company's sales are primarily to distributors (70%) and rebar fabricators, contractors, and concrete product manufacturers (30%)[17] - The company's sales are mainly for nonresidential construction (85%) with the remaining for residential construction (15%)[17] Growth Strategy - The company aims to achieve leadership positions in its markets[21] - The company focuses on operating as the lowest cost producer in the industry[23] - The company pursues growth opportunities in its core businesses to further penetrate existing markets or expand its footprint[25] - The company focuses on converting rebar users to Engineered Structural Mesh (ESM) for cast-in-place applications, leveraging manufacturing and engineering capabilities[47] Financials - As of March 29, 2025, the company was debt-free with $28.4 million of cash and no borrowings outstanding on its $100.0 million revolving credit facility[95] - Capital expenditures are expected to total approximately $17.0 million in fiscal year 2025[91] - The company is currently paying a regular quarterly cash dividend of $0.03 per share[97] - The company's current share repurchase program has $17.6 million remaining available out of the $25.0 million authorized in November 2008[101]

Core Insights - ArcelorMittal published its 2024 Sustainability Report, highlighting progress in key sustainability areas such as safety, decarbonisation, and community engagement [2][4] Group 1: Sustainability Progress - The report details advancements in safety, with the implementation of dss+ safety recommendations initiated in November 2024, marking the beginning of a three-year transformation program [3] - The company has achieved a nearly 50% reduction in absolute emissions from its 2024 operating perimeter compared to 2018, supported by a $1 billion investment in decarbonisation projects [4][11] - The share of steel produced via electric arc furnace (EAF) has increased to 25% in 2024, up from 19% in 2018 [4] Group 2: ResponsibleSteel™ Certification - ArcelorMittal certified an additional nine sites in 2024, bringing the total to 42 certified facilities under the ResponsibleSteel™ initiative, which encompasses 12 environmental, social, and governance principles [3][4] Group 3: Economic Decarbonisation Challenges - The company acknowledges that achieving further decarbonisation through methods like carbon capture and green hydrogen DRI-EAF is likely to be economically viable only post-2030, contingent on supportive policies [5] Group 4: Financial Performance - In 2024, ArcelorMittal generated revenues of $62.4 billion and produced 57.9 million metric tonnes of crude steel [7]

Core Insights - The article provides a comprehensive overview of the silicon steel industry chain, highlighting its upstream, midstream, and downstream components, as well as the geographical distribution of key players and the pricing structure of the industry [1][3][5]. Industry Chain Overview - Silicon steel serves as a primary raw material for various components, with a relatively simple upstream consisting of silicon iron, industrial silicon, and synthetic metals, along with production fuels [1][3]. - The midstream involves the production and processing of various types of silicon steel, with major players including Baosteel, Shougang, and Taiyuan Iron and Steel [3][4]. - The downstream applications encompass large motors, household appliances, new energy vehicles, and transformers [1][4]. Geographical Distribution - The silicon steel industry is predominantly concentrated in North China, with upstream companies located in resource-rich regions such as Inner Mongolia, Shanxi, and Hebei [5]. - The industry chain is well-developed in East China, particularly in Jiangxi, while Central China, especially Henan, has a robust industry chain as well [5]. - Key upstream players in Inner Mongolia include Junzheng Group and Ordos Metallurgy, while major midstream companies include Baotou Steel [5]. Value Chain Dynamics - The market price of the silicon steel industry is influenced by supply, manufacturing, and application sectors, with costs driven by raw materials, labor, and energy prices [7]. - The transmission of prices from the supply side to the manufacturing side creates production costs, which then affect consumer pricing based on market demand elasticity [7]. Pricing Structure Analysis - According to Mysteel data, the average cost for domestic short-process production in 2024 is projected to be 4,690 yuan per ton, with an average gross profit of 223 yuan per ton, resulting in an overall gross margin of approximately 5% [10]. - Recent trends indicate that short-process silicon steel producers are experiencing relatively low profit margins, with some firms even facing losses [10].

Core Insights - Nucor Corporation will host a live conference call to discuss its first quarter earnings for 2025 on April 29, 2025, at 10:00 a.m. Eastern Time [1][3] - The conference call will be led by Leon Topalian, Nucor's Chair, President, and CEO, and will include a review of the company's financial results followed by a Q&A session [1] Company Overview - Nucor and its affiliates are engaged in the manufacturing of steel and steel products, with operations in the United States, Canada, and Mexico [2] - The company produces a wide range of products including carbon and alloy steel in various forms such as bars, beams, sheets, and plates, as well as structural tubing and fabricated concrete reinforcing steel [2] - Nucor is recognized as North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron [2]