Core Insights - ArcelorMittal S.A. reported a third-quarter 2025 net income of $377 million, or 50 cents per share, an increase from $287 million, or 37 cents per share, in the same quarter last year [1] - Adjusted earnings were 62 cents per share, surpassing the Zacks Consensus Estimate of 58 cents [1] - Total sales increased approximately 3% year over year to $15,657 million, exceeding the consensus estimate of $14,711 million [1] Financial Performance - Total steel shipments rose 1.5% year over year to 13.6 million metric tons, beating the consensus estimate of 13.57 million metric tons [2] - Cash and cash equivalents at the end of the quarter were $5,733 million, up from $5,443 million in the prior quarter, with net debt around $9.1 billion [6] Segment Performance - **North America**: Sales increased 20% year over year to $3,111 million, with crude steel production up 0.6% to 1,662 million metric tons and steel shipments rising 8.6% to 2,615 million metric tons, exceeding the consensus estimate of 2,555 million metric tons [2] - **Brazil**: Sales decreased 13% year over year to $2,807 million, with crude steel production down 6% to 3,595 million metric tons and shipments falling 6.8% to 3,530 million metric tons, missing the consensus estimate of 3,646 million metric tons [3] - **Europe**: Sales rose 0.6% year over year to $7,186 million, with crude steel production declining nearly 7.8% to 7,251 million metric tons, while shipments increased around 3% to 7,001 million metric tons, surpassing the consensus mark of 6,871 million metric tons [4] - **Mining**: Sales increased 24.3% year over year to $732 million, with iron ore production totaling 8.5 million metric tons, up 28.8% from the previous year [5] Future Outlook - The European Commission's new steel-sector trade tool and the Carbon Border Adjustment Mechanism (CBAM) are expected to enhance fair competition and support industry capacity utilization [7] - The company remains optimistic about its medium- and long-term outlook, anticipating benefits from rising steel demand linked to energy transition, infrastructure development, and defense needs [8] - Recent M&A activities and high-return organic growth projects are expected to boost future EBITDA by $2.1 billion, including $0.7 billion in 2025 and $0.8 billion in 2026 [10] Market Performance - ArcelorMittal's shares have gained 57.9% over the past year, contrasting with a 14.3% decline in the industry [11]

Market Overview - The S&P BSE Sensex decreased by 0.5% to 84,317, down 420 points, while the NSE Nifty 50 fell by 0.4%, or 110 points, to 25,768 at the open [1] - By 9:51 AM, BSE Sensex was trading 350 points or 0.44% lower at 84,111, and Nifty50 dropped 111 points to 25,769 [1] - Tata Motors, Infosys, Tata Steel, ITC, Tech Mahindra, and Maruti were the main contributors to the losses, each falling between 1-3% [1] Company Performance - Tata Motors (Commercial Vehicles) shares fell over 3% after reporting a consolidated net loss of ₹867 crore for Q2, contrasting with a net profit of ₹498 crore in the same quarter last year [2] - The market reaction to the election results is expected to be temporary, with long-term trends driven by fundamentals and earnings growth [6] Institutional Investment - Foreign Institutional Investors (FIIs) sold equities worth over ₹384 crore on November 13, while Domestic Institutional Investors (DIIs) were net buyers amounting to ₹3,092 crore [8] Global Market Impact - Wall Street experienced significant declines, with the S&P 500 falling 1.66%, the Nasdaq dropping 2.29%, and the Dow Jones Industrial Average decreasing by 1.65% [9] - Gold prices retreated by 1% after reaching a three-week high, with spot gold down 1.1% at $4,151.86 per ounce [10] - Oil prices remained steady after a previous 4% drop, with Brent crude futures rising by 0.5% to $63.01 per barrel [11]

China’s steel production continued to slide in October on softening domestic demand and deeper output cuts at mills https://t.co/NCuaBPUPzm ...

A Chinese equipment maker and a US steel producer have been tipped as stock favorites at the Sohn Australia conference in Sydney https://t.co/ceJ02Ttyqo ...

VANCOUVER, British Columbia, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Tree Island Steel (''Tree Island'' or the ''Company'') (TSX: TSL) announced today its financial results for the nine months ended September 30, 2025. For the three-months ended September 30, 2025, revenues, net of freight and distribution costs, were lower by $14.8 million to $36.8 million from $51.6 million in 2024. This was due to the impact of the U.S. tariffs on Canada to U.S. sales of wire and wire products which was partially mitigated by ...

Stock markets’ three-day rally fizzled out, with benchmark indices Sensex and Nifty ending on a flat note amid a choppy trade on Thursday (November 13, 2025) as lacklusture sentiment across global equity markets fueled the outflow of foreign capital.After oscillating between gains and losses during the day, the 30-share BSE barometer Sensex ended with a slight gain of 12.16 points, or 0.01%, at 84,478.67. During the session, it touched a high of 84,919.43 and a low of 84,253.05.The broader NSE Nifty closed ...

Accessibility StatementSkip Navigation IRVING, Texas, Nov. 12, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that it has agreed to sell $1,000 million in aggregate principal amount of 5.75% Senior Notes due 2033 (the "2033 Notes") and $1,000 million in aggregate principal amount of 6.00% Senior Notes due 2035 (the "2035 Notes" and, together with the 2033 Notes, the "Notes") in an offering (the "Offering") exempt from the registration requirements of the ...

Core Insights - Friedman Industries reported a net earnings of $2.2 million for Q2 fiscal 2026, a significant recovery from a net loss of $0.7 million in the same quarter last year, with net sales increasing by 42.7% to $152.4 million [2][10] - The company experienced record sales volume, selling approximately 154,500 tons of inventory and 24,500 tons of toll-processed material, marking a 28% year-over-year increase [2][10] - The flat-roll segment was the primary growth driver, with sales rising 47.2% to $143.3 million and operating profit jumping 113.5% to $5.7 million [3][10] Financial Performance - The tubular segment saw a mixed performance, with sales declining 3.6% to $9 million, but the average selling price per ton increased by 15% to $1,185, resulting in a swing to operating income of $0.9 million from a loss of $0.6 million [4][10] - Operating expenses increased due to higher volumes and acquisition-related costs, with processing and warehousing expenses rising 15.3% to $9.1 million and delivery expenses increasing 32.6% to $7.1 million [5][10] - Earnings before income taxes improved to $2.9 million from a loss of $0.9 million, aided by effective risk management and lower interest expenses [6][10] Balance Sheet and Equity - Total assets rose to $311.3 million as of September 30, 2025, from $226.8 million in March 2025, while total stockholders' equity increased to $139.3 million [7] - Liabilities grew to $172 million, reflecting higher borrowings associated with the company's expansion and acquisition strategy [7] Strategic Direction - Management highlighted the quarter as a significant milestone, emphasizing record sales volume and improved capacity utilization [8] - The company is focused on a strategic transformation that combines organic growth with selective acquisitions and disciplined capital allocation, including ongoing dividends and opportunistic share repurchases [8][9] - The acquisition of Century Metals & Supplies is expected to enhance margins and growth, broadening the product portfolio and geographic reach [12] Future Outlook - For Q3 fiscal 2026, the company expects sales volumes to remain consistent with Q2 levels, with additional tonnage from the Century acquisition anticipated to offset seasonal softness [11] - Management projects a modest sequential improvement in margins, supported by expected increases in metals pricing [11]

Core Viewpoint - Commercial Metals Company (CMC) plans to offer $2,000 million in new senior unsecured notes to fund the acquisition of Foley Products Company and for general corporate purposes [1][3]. Offering Details - The final terms of the offering will be determined at the time of pricing, and the notes will rank equally with CMC's existing and future senior unsecured indebtedness [2]. - The offering is not contingent upon the closing of the Foley Acquisition, and if the acquisition is not completed by October 15, 2026, CMC will redeem the notes at 100% of the initial issue price plus accrued interest [4]. Use of Proceeds - The net proceeds from the sale of the notes will be used to fund the Foley Acquisition, transaction-related fees, and general corporate purposes [3]. Regulatory Compliance - The notes will be offered only to qualified institutional buyers and certain non-U.S. persons, and will not be registered under the Securities Act [4][5]. Company Overview - CMC is an innovative solutions provider in the construction sector, offering products and technologies to meet reinforcement needs across various applications [6].

[Music] [Applause] So, there's something to be said about the power of storytelling. It's unique to humans because it can motivate, inspire, seduce, and even cause anger. But today, I want to talk about a little different part of storytelling. the importance of controlling one's narrative because in many ways this can dictate the outcome for a community. So 15 years ago, I had hair. Then I got involved in politics. And one of the things I learned during the process is it's not just about your brand, but als ...