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 ...

The steel market I have always found to be a sort of safe haven for commodity investments. It’s relatively stable and right now has some compelling tailwinds, like slowly rising price levels but declining input costs instead. This forms the basisMy name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high st ...

Backlog declined year over year by $8 million, primarily driven by the U.S. Navy’s decision to terminate production of the Constellation frigate program, which resulted in $7.1 million of orders being removed from the backlog in late 2025. Costs related to the terminated orders are expected to be paid by the Navy along with normal profit margins. While backlog ended $8 million lower, we did see significant order activity at the start of 2026. As referenced in our press release dated March 10, order activity ...

U.S. stock futures are showing signs of caution on Tuesday, March 17th, 2026, as investors balance a significant rebound in tech shares against a renewed spike in global energy prices and the start of a critical Federal Reserve policy meeting. While the major indexes posted their best performance in weeks during Monday’s session, the early morning momentum has cooled as geopolitical risks in the Middle East continue to dominate the narrative.Premarket Activity and Index PerformanceAs of 7:30 AM ET, futures ...

Management completed a significant portfolio transformation by exiting underperforming U.K. cast roll and U.S. steel distribution assets, a move expected to improve annual adjusted EBITDA by $7 million to $8 million. The Forged and Cast segment experienced a temporary performance dip in Q4 due to a customer order pause as the industry digested new global steel tariffs and calculated pricing impacts. Air and Liquid Processing achieved record full-year revenue and income, fueled by robust demand in nucl ...

The company expects per-share earnings of $2.73 to $2.77 for the quarter, below analysts' consensus estimates of $3.24. ...