Iran's two largest steel plants shut down due to strikes, companies say https://t.co/1R7xQV2vGj ...

RT Arash Reisinezhad (@arashreisi)In the 1960s, under the Shah, the United States declined to help Iran build a steel industry, preferring it remain a supplier of raw materials rather than an industrial power. Iran turned the Soviet Union instead and built it anyway.Yesterday, the Mobarakeh Steel Complex, the largest industrial unit in Iran and the largest steel producer in the Middle East, in Isfahan was struck by the U.S. and Israel. What was once denied as development is now treated as a threat. Once bui ...

US to Set 25% Tariff on Finished Steel, Aluminum Goods, WSJ Says https://t.co/UaVzlb49Gp ...

SAULT STE. MARIE, Ontario, March 31, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of steel plate and hot rolled sheet products, today provided guidance for its quarter ended March 31, 2026. Unless otherwise specified, all amounts are in Canadian dollars. Total steel shipments for the quarter are expected to be approximately 220,000 tons and Adjusted EBITDA is expected to be in the range of negative $25 million to negative ...

Sovereign Demand for Minerals Should Keep Lifting This Metals and Mining ETF - 24/7 Wall St. S&P 5006,514.90 +2.61% Dow Jones46,298.40 +2.28% Nasdaq 10023,684.20 +3.18% Russell 20002,488.09 +3.07% FTSE 10010,233.00 +1.51% Nikkei 22552,759.80 +3.40% Stock Market Live March 31, 2026: S&P 500 (SPY) Pops on News Trump Could End War Investing Sovereign Demand for Minerals Should Keep Lifting This Metals and Mining ETF By Rich DupreyPublished Mar 31, 2:11PM EDT Quick Read iShares MSCI Global Metals & Mining Pr ...

Core Viewpoint - Worthington Steel has successfully exceeded the minimum acceptance threshold of 57.5% for its voluntary public tender offer for Kloeckner & Co, securing approximately 58.8% of Kloeckner's issued share capital, and an additional acceptance period is available until April 14, 2026 [2][4]. Company Overview - Worthington Steel is a metals processor specializing in carbon flat-roll steel processing and other customized solutions, operating 37 facilities across seven states and ten countries, with approximately 6,000 employees [7][9]. - Kloeckner is one of the largest independent steel and metal processors, with a distribution network of around 110 locations, serving over 60,000 customers and reporting sales of approximately €6.6 billion in fiscal year 2024 [10]. Offer Details - The initial acceptance period for the tender offer ended on March 26, 2026, and the offer includes an all-cash price of €11.00 per share, representing a 98% premium over Kloeckner's three-month volume-weighted average share price as of December 5, 2025 [5]. - The management boards of both companies have assessed the offer as attractive and recommend that Kloeckner shareholders accept it [5]. Future Plans - Following the completion of the offer, Worthington Steel intends to enter into a domination and profit and loss transfer agreement (DPLTA) with Kloeckner and may consider structural measures such as a potential delisting of Kloeckner or a squeeze-out of minority shareholders [4]. - The completion of the offer is subject to regulatory approvals and is expected to occur in the second half of 2026 [4].

Core Insights - The article discusses the best stocks to invest in for good returns, highlighting the impact of the Iran war on market growth and inflation [1][2]. Economic Context - The ongoing Iran war is expected to negatively affect growth by up to 2% and contribute to inflationary pressures in the US economy [1][2]. - Major US stocks have declined this year, marking a shift from previous years of significant gains, with the Federal Reserve's decision to refrain from raising interest rates adding uncertainty [2]. Investment Strategies - Historical trends suggest that buying stocks after market downturns can be beneficial, as emphasized by RBC Capital Markets and Warren Buffett's investment philosophy [3]. - Buffett advises against chasing hot tech trends, focusing instead on high-quality stocks available at discounted prices [4]. Stock Analysis Methodology - The list of recommended stocks was compiled from Berkshire Hathaway's Q4 2025 portfolio, focusing on stocks with high 5-year returns and significant hedge fund ownership [7]. - Stocks were further filtered for those with an upside potential exceeding 15%, and ranked accordingly [7]. Featured Stocks - **Nucor Corporation (NYSE:NUE)**: - Berkshire Hathaway's stake is approximately $1.05 billion, with a 5-year return of 108.94% and an upside potential of 18.29% [10]. - The company anticipates first-quarter earnings between $2.70 and $2.80 per diluted share, a significant increase from last year's earnings [10][11]. - Nucor has repurchased 0.7 million shares at an average price of $175.19 and returned $250 million to shareholders through buybacks and dividends [12]. - **Apple Inc. (NASDAQ:AAPL)**: - Berkshire Hathaway's stake is about $61.96 billion, with a 5-year return of 109.70% and an upside potential of 20.14% [14]. - Analysts maintain an Outperform rating, citing strong momentum in Apple's services segment, with a price target of $330 [14][15]. - Apple is diversifying its revenue streams, targeting double-digit growth in its services segment, including potential advertising in its Maps App [15][16].

Group 1 - Tenaris S.A. filed its 2025 Annual Report with the Luxembourg Stock Exchange and the U.S. Securities and Exchange Commission (SEC) [1] - The 2025 Annual Report is available for download on both the Luxembourg Stock Exchange's website and Tenaris's website [2] - Tenaris will file its annual report on Form 20-F for the year ended December 31, 2025, with the SEC on March 31, 2026 [2] Group 2 - Holders of Tenaris's shares and ADSs can request a hard copy of the reports free of charge through the company's website [3] - The 2025 Annual Report includes a consolidated management report, consolidated financial statements, annual accounts, and management certifications [3] - Tenaris is recognized as a leading global supplier of steel tubes and related services for the energy industry and other industrial applications [3]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying the right ones is challenging due to associated risks and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - ATI is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth being particularly desirable [4] - ATI has a historical EPS growth rate of 58%, with projected EPS growth of 29.1% this year, significantly surpassing the industry average of 17.6% [5] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, enabling them to fund new projects without relying on external financing [6] - ATI's year-over-year cash flow growth stands at 24%, exceeding the industry average of 23.7% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 51.8%, compared to the industry average of 15.3% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions are correlated with stock price movements, making them an important consideration for investors [8] - ATI has experienced upward revisions in current-year earnings estimates, with a 0.3% increase in the Zacks Consensus Estimate over the past month [8] Group 5: Overall Positioning - ATI has achieved a Growth Score of A and a Zacks Rank of 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]

Core Insights - Worthington Steel, Inc. (WS) reported adjusted earnings of 27 cents per share for Q3 fiscal 2026, missing the Zacks Consensus Estimate of 47 cents and down from 35 cents in the same quarter last year [1][10] - Net revenues increased by 12% year over year to $770 million, but fell short of the Zacks Consensus Estimate of $857 million, driven by higher direct volumes and average selling prices, despite a 22% drop in toll volumes due to facility closure and weak demand [2][10] - The company has entered into a business combination agreement with Kloeckner & Co SE, launching a voluntary public tender offer to acquire all outstanding shares at €11 per share, with the transaction expected to close in the second half of 2026 [7][8] Financial Performance - The cost of goods sold rose by 14.4% year over year to $693.7 million, leading to a gross profit decrease of 6.3% to $76.1 million, resulting in a gross margin of 9.9% compared to 11.8% in the prior year [3][10] - Operating income fell to $3.1 million from $18.3 million in the previous year, with an operating margin of 0.4% compared to 2.7% last year, primarily due to increased selling, general and administrative expenses [4][10] - Adjusted operating income was $14 million, down 47% from $26.6 million in the prior year, with an adjusted operating margin of 1.8% compared to 3.9% last year [5] Cash Flow and Balance Sheet - Worthington Steel ended Q3 fiscal 2026 with cash and cash equivalents of $90 million, up from $38 million at the end of fiscal 2025, while long-term debt increased significantly to $31.6 million from $2.3 million [6] - Cash flow from operating activities for the nine-month period ended February 28, 2026, was $156.3 million, down from $176.4 million in the prior-year comparable period [6] Market Performance - Shares of Worthington Steel have risen by 12.2% over the past year, contrasting with the industry's growth of 89% [9]