, who is also the deputy head of Germany's IG Metall trade union, said labour representatives had presented Jindal, which has been doing due diligence on Thyssenkrupp's steel unit, also known as TKSE, since October, with a detailed questionnaire.WORKERS LEFT IN LIMBO"We were promised answers, but these have subsequently been postponed several ​times. Apparently, the discussions between Thyssenkrupp AG and Jindal ⁠are taking ‌longer than expected," Kerner said in a statement."So things ​are not moving ​forw ...

South Africa approves new import taxes to protect its steel industry https://t.co/BKGcQ59Ukd ...

Market Performance - Indian stock markets opened positively, with Sensex rising approximately 960 points to 75,165 and Nifty 50 gaining 271 points to 23,273, adding over Rs 6 lakh crore to the total market capitalization, which reached Rs 432 lakh crore [1][20] - Major gainers included Tech Mahindra, State Bank of India (SBI), Tata Steel, HCLTech, Infosys, and Power Grid, each rising by 2-3%, while HDFC Bank was the only loser, falling over 1% [2][20] - All sectoral indices on NSE opened in the green, with Nifty IT and Nifty Metal rising nearly 2% each, and 2,303 stocks advanced on NSE [2][20] Oil Prices and Geopolitical Factors - Brent crude futures declined over 1% to trade at $107 per barrel, following a spike above $110 per barrel, as European nations and Japan sought to secure safe passage for ships through the Strait of Hormuz, and the US outlined plans to boost oil supply [5][20] - Expectations of de-escalation in the Iran-US war contributed to the decline in oil prices, although prices remain above pre-war levels, indicating ongoing caution [6][20] Market Sentiment and Investor Behavior - Following a significant selloff where Sensex dropped nearly 2,500 points and Nifty fell 776 points, wiping out approximately Rs 12 lakh crore from market capitalization, investors engaged in value-buying, leading to the current market recovery [7][8][20] - Despite the recovery, the market has only partially regained losses, and persistent foreign institutional investor (FII) selling continues to weigh on sentiment, with FIIs offloading shares worth Rs 7,558 crore on Thursday, marking 15 consecutive days of net selling [13][20] Currency and Economic Indicators - The Indian rupee fell to a new all-time low of 92.92 against the US dollar, driven by the global energy crisis linked to the Iran-US war, with expectations of the rupee trading within a weak range of 92.25–92.95 [11][12][20] - A rise in US bond yields, with the two-year Treasury note yield jumping over 20 basis points, reflects broader economic concerns impacting market sentiment [14][20] Technical Analysis and Future Outlook - Nifty 50 is expected to find immediate support in the 23,000–22,900 range, with potential further downside if this level is breached, while resistance is noted in the gap zone between 23,618 and 23,378 [18][21] - Market sentiment remains fragile, influenced by geopolitical developments and rising crude prices, with expectations of continued volatility in the near term [17][21]

Core Viewpoint - Ampco-Pittsburgh Corporation experienced a significant decline in share price following the release of its mixed earnings report for Q4 2025, with a 22.9% drop since the earnings announcement, underperforming the S&P 500 Index [1] Financial Performance - Q4 2025 net sales increased by 7.8% to $108.8 million compared to $100.9 million in the same quarter of the previous year, but the company reported a net loss of $57.7 million, or $2.85 per share, compared to a net income of $3.1 million, or $0.16 per share, in the prior-year period [2] - For the full year, net sales rose by 3.8% to $434.2 million from $418.3 million, while the net loss was $66.1 million, or $3.28 per share, compared to a net income of $0.4 million, or $0.02 per share, in 2024 [3] Segment Performance - The Air and Liquid Processing (ALP) segment showed strong performance with Q4 2025 revenues increasing by 9.8% year over year, and full-year revenue rising by 7.5% to $141.6 million [4] - In the Forged and Cast Engineered Products (FCEP) segment, Q4 2025 net sales increased by 6.7% to $70.9 million, but fourth-quarter adjusted EBITDA fell to $2.2 million from $5.5 million due to various operational challenges [5] Profitability Challenges - The significant net loss was attributed to large non-cash and restructuring-related charges, including a $42.4 million deconsolidation charge and an $11.9 million asbestos-related revaluation charge, which distorted GAAP earnings [6] - Profitability was further pressured by lower overhead absorption from reduced production days and shifts in product mix, with tariff-related uncertainties causing order delays [7] Management Outlook - Management indicated that 2025 was a transitional year with strategic actions aimed at improving long-term profitability, including the exit from underperforming U.K. operations expected to yield annual EBITDA improvements of $7 million to $8 million [8] - Early signs of recovery in order activity were noted, with bookings in the first two months of 2026 rising by 73% compared to the previous year, indicating improving demand conditions [9] - The company anticipates improved profitability as steel market conditions normalize and restructuring benefits materialize, with margin expansion expected in the second half of 2026, particularly in the FCEP segment [10] Other Developments - Ampco-Pittsburgh completed a major restructuring initiative, including exiting its U.K. cast roll facility and a non-core steel distribution business, which resulted in substantial one-time charges but is expected to streamline operations [11] - The company is also shifting production capacity to its Sweden facility, planning to increase output by approximately 20% by the third quarter of 2026 [11]

Nucor Announces Guidance for the First Quarter of 2026 Earnings Accessibility StatementSkip NavigationCHARLOTTE, N.C., March 19, 2026 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending April 4, 2026. Nucor expects first quarter earnings to be in the range of $2.70 to $2.80 per diluted share. Nucor reported fourth quarter 2025 net earnings of $1.64 and adjusted earnings of $1.73, both per diluted share. Prior year first quarter net earnings were $0.67 and adju ...

The UK government said it will hike tariffs on steel imports and cut import quotas, as it seeks to boost the country’s ailing domestic steel industry amid fierce global competition https://t.co/5EWw3iMVdB ...

Core Insights - Steel Dynamics, Inc. (STLD) has provided first-quarter 2026 earnings guidance of $2.73 to $2.77 per share, significantly higher than $1.82 in Q4 2025 and $1.44 in the same quarter last year [1][9] Financial Performance - The anticipated improvement in earnings is attributed to stronger steel operations, with increased shipments and expanded metal margins as selling prices have risen faster than scrap costs [2][9] - Earnings from metals recycling are expected to rise sequentially due to higher ferrous and nonferrous prices, despite a slight decrease in shipments earlier in the quarter due to winter weather [3] Demand and Operations - Demand remains robust across various sectors including construction, energy, automotive, and industrial, contributing to STLD's projected higher profitability in steel operations for the first quarter [2][9] - The order backlog has increased by over 35% year-over-year, supported by demand from commercial construction, data centers, warehouse buildouts, manufacturing, and healthcare [4] Strategic Developments - The company is in the process of commissioning its Columbus aluminum mill, which has begun producing finished products for the beverage can and industrial sectors, and has received qualifications for automotive applications [4] - STLD has repurchased approximately $66 million of shares in the quarter, although buybacks have slowed due to increased working capital needs related to profit-sharing payments and the aluminum ramp-up [5] Market Performance - STLD shares have appreciated by 34.3% over the past year, outperforming the industry average increase of 28.9% [5]

Key TakeawaysMiddle East Instability: Israeli officials claim the Iranian regime is nearing a potential collapse following strikes on IRGC-Basij military bases and the deaths of key commanders, while Iran threatens to escalate attacks on the Gulf’s energy sector.Tech Legal Battle: Microsoft (MSFT) is weighing legal action over a massive $50 billion cloud deal between Amazon (AMZN) and OpenAI, signaling a major rift in the AI industry's primary alliances.South Korean Market Volatility: The South Korean bours ...

Core Viewpoint - Nippon Steel has secured loans totaling 900 billion yen (approximately $5.67 billion) for its acquisition of U.S. Steel, indicating a significant move in the steel industry and a strategic expansion into the U.S. market [1]. Group 1: Financing Details - The loans were provided by the Japan Bank for International Cooperation (JBIC) and major Japanese private lenders [1]. - The lenders include Japan's three "megabanks": Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, along with Sumitomo Mitsui Trust Bank [2]. Group 2: Market Implications - This acquisition reflects Nippon Steel's strategy to enhance its market position and operational capabilities in the U.S. steel sector [1].

Atkore Inc. Announces Participation at Upcoming Investor Conference and Webcast Mar 17, 2026 6:00 PM Eastern Daylight Time Atkore Inc. Announces Participation at Upcoming Investor Conference and Webcast Share HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. (the "Company†) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced that it will participate in a webcast fireside chat at the previously announced c ...