Algoma Steel and Hanwha Ocean align to underpin Canada’s future submarine program with Canadian steelmaking capability and Canadian workers, supporting long-term naval readiness and industrial sovereigntyHanwha Ocean to provide Algoma with up to USD $250 million (approx. CAD $345 million) as support for advancing Algoma’s diversification strategy and domestic supply for Canadian defense procurement SAULT STE. MARIE, Ontario, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) ...

Financial Data and Key Metrics Changes - In 2025, the company achieved operating income of $1.5 billion and net income of $1.2 billion, equating to $7.99 per diluted share [18] - Cash flow from operations was $1.4 billion, with liquidity remaining strong at over $2.2 billion [19] - For Q4 2025, net income was $266 million, or $1.82 per diluted share, with revenue at $4.4 billion and operating income at $310 million, lower than the previous quarter due to reduced pricing and volume [19][20] Business Line Data and Key Metrics Changes - Steel operations generated operating income of $1.4 billion in 2025, down from $1.6 billion in the prior year, despite record steel shipments of 13.7 million tons [20] - Operating income from mills recycling operations was $97 million, nearly 30% higher than 2024, while Q4 operating income declined by $13 million due to lower pricing and shipments [21] - Steel fabrication platform earnings were $407 million for the year, lower than the previous year, but Q4 saw operating income of $91 million with solid demand for steel joists and deck [22] Market Data and Key Metrics Changes - The domestic steel industry operated at a production utilization rate of 77%, while the company's mills operated at 86%, indicating a competitive advantage [29] - The automotive production estimates for 2026 are expected to remain similar to 2025, with dealer inventories declining further [30] - Non-residential construction is anticipated to benefit from ongoing onshoring activity and infrastructure spending [30] Company Strategy and Development Direction - The company focuses on strategic organic investments in steel and aluminum products, with a disciplined capital allocation strategy aimed at high-return growth [9][25] - The proposed acquisition of BlueScope is seen as a strategic move to unlock value in North American assets, although the offer was rejected by BlueScope's board [10][11] - The company emphasizes a commitment to maintaining investment-grade credit metrics while pursuing growth opportunities [25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding demand for diversified value-added steel products, supported by stable demand and lower imports [30] - The company is excited about the operational and commercial progress in aluminum, with expectations of reaching 90% utilization by the end of 2026 [46] - Management highlighted the importance of maintaining a strong safety culture and operational execution as key drivers of success [8] Other Important Information - The company issued $800 million in investment-grade unsecured notes to redeem existing notes and for general corporate purposes [24] - Capital investments for 2026 are projected to be around $600 million, with a focus on high-return growth opportunities [24] - The company has a robust pipeline for growth investments, with a track record of delivering profitable growth [16] Q&A Session Summary Question: What is the expected utilization rate for the aluminum rolling mill by the end of 2026? - Management confirmed that the mill is expected to reach 90% utilization by the end of 2026, which is sooner than previously anticipated [46] Question: How should profitability be viewed over the next few quarters given the current aluminum environment? - Management expects the positive EBITDA profile to continue through the year, with improvements anticipated in the second half related to product mix optimization [47][48] Question: What is the company's comfort level regarding potential debt for acquisitions or investments? - Management indicated that the balance sheet has considerable capacity, with a commitment to remain under a 2x net leverage basis [53][54] Question: Can you provide an update on the Sinton facility and any impacts from recent outages? - Management reported a transformer failure at Sinton but confirmed that operations resumed shortly after and that there are no ongoing concerns [64] Question: How are energy costs being managed given recent fluctuations? - Management stated that energy costs represent about 10% of production costs, and they have unique contracts to mitigate impacts from fluctuations [88][89]

Financial Data and Key Metrics Changes - In 2025, the company achieved operating income of $1.5 billion and net income of $1.2 billion, equating to $7.99 per diluted share [16] - Cash flow from operations was $1.4 billion, with liquidity remaining strong at over $2.2 billion [17][21] - For Q4 2025, net income was $266 million, or $1.82 per diluted share, with revenue at $4.4 billion [17] Business Line Data and Key Metrics Changes - Steel operations generated operating income of $1.4 billion in 2025, down from $1.6 billion in the prior year, despite record steel shipments of 13.7 million tons [17][18] - The mills recycling operations saw operating income of $97 million, nearly 30% higher than 2024, while Q4 income declined due to lower pricing [18][25] - Steel fabrication platform earnings were $407 million for the year, lower than the previous year, but Q4 operating income was $91 million, indicating a solid demand for steel joists and deck [19][25] Market Data and Key Metrics Changes - The domestic steel industry operated at a production utilization rate of 77%, while the company's mills operated at 86%, showcasing a competitive advantage [26] - Long-product steel markets remained strong throughout 2025, with expectations for continued demand and pricing stability [28] - The automotive production estimates for 2026 are expected to remain similar to 2025, with dealer inventories declining further [28] Company Strategy and Development Direction - The company focuses on strategic organic investments in steel and aluminum products, aiming for differentiated product offerings and value creation for stakeholders [8][9] - The proposed acquisition of BlueScope is seen as a strategic move to unlock value in North American assets, despite the rejection of the offer by BlueScope's board [9][10] - The company emphasizes a disciplined capital allocation strategy, prioritizing high-return growth and maintaining investment-grade credit metrics [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the demand for diversified value-added steel products, supported by ongoing infrastructure spending and manufacturing onshoring [28] - The aluminum segment is expected to grow significantly, with a domestic supply deficit forecasted to increase, providing opportunities for the company [30] - The company remains committed to achieving a zero-incident safety environment and continues to prioritize safety culture [6] Other Important Information - The company issued $800 million in investment-grade unsecured notes to redeem existing notes and for general corporate purposes [22] - Capital investments for 2026 are projected to be around $600 million, with a focus on maintaining strong cash flow generation [22][23] - The company repurchased $900 million of common stock in 2025, reflecting confidence in future growth [22] Q&A Session Questions and Answers Question: Update on aluminum rolling mill utilization - The aluminum rolling mill is expected to reach 90% utilization by the end of 2026, with positive EBITDA anticipated to continue through the year [39][40] Question: Investment capacity and balance sheet comfort level - The company maintains a balance sheet with considerable capacity, aiming to remain under a 2x net leverage ratio while improving structural EBITDA [41][42] Question: Status of the four value-add lines and Sinton - The four value-add lines are operating well, and Sinton is expected to converge with other facilities in terms of operational capability [47][49]

Core Viewpoint - Steel Dynamics, Inc. (STLD) has shown strong performance over the past year, with a 50% increase in share value, attributed to the benefits of steel tariffs protecting the business [1] Company Performance - The company has gained 50% in share price over the last year, indicating robust market performance [1] - Initially, tariffs had a mixed impact on the business, but recent trends show increasing benefits from these tariffs [1] Industry Context - The steel industry is experiencing a favorable environment due to protective tariffs, which are contributing positively to the financial performance of companies like Steel Dynamics [1]

Presentation I n v e s t o r C a l l P r e s e n t a t i o n F o u r t h Q u a r t e r a n d F u l l Y e a r 2 0 2 5 January 26, 2026 Health and Safety Health and Safety Entrepreneurial Culture Customer Commitment Strategic Sustainable Growth Innovation Financial Strength z Investor 2022 Entrepreneurial Culture Customer Commitment Strategic Growth Innovation Financial Strength Forward-looking statements and Non-GAAP financial measures Forward-Looking Statements This presentation contains some predictive sta ...

Key Takeaways STLD posted Q4 EPS of $1.82, beating estimates, as net sales rose about 14% year over year to $4.41 billion. STLD drove results, with strong shipments near 3.3 million tons and higher average selling prices. STLD sees solid demand ahead, citing better trade conditions and progress at new mills. Steel Dynamics, Inc. (STLD) reported fourth-quarter 2025 earnings of $1.82 per share, up from $1.36 in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 1.72. Net sales in the f ...

Steel Dynamics (STLD) reported $4.41 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 14%. EPS of $1.82 for the same period compares to $1.36 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.54 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of +5.66%, with the consensus EPS estimate being $1.72.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

In Texas, despite a couple of challenges early in the quarter, the Sinton team gained considerable momentum, running at a 72% utilization rate of scheduled run time in September. We had extended periods in excess of 90%, and were achieved during that quarter. And I think it proves the mill's ultimate capability. Steel shipments were 3.2 million tonnes, third quarter revenues, $4.3 billion. Adjusted EBITDA was $557 million and cash flow from operations of $760 million. As I stated, we had a great quarter in ...

Core Insights - India's currency market is under significant pressure, with the rupee hitting an all-time low against the U.S. dollar just before Republic Day 2026, raising concerns about the equity market and ETFs holding Indian equities [1][3] - The MSCI India Index has underperformed, rising only 2.2% in U.S. dollar terms in 2025, compared to a 29.9% increase in MSCI Emerging Markets [2] - The rupee's depreciation presents a paradox for ETF investors, as it may attract foreign investment but also increases volatility and risk [4] Economic Context - The decline of the rupee is attributed to massive capital outflows, with nearly $18 billion withdrawn from Indian equities in 2025, and an additional $846 million in early 2026 as investors sought safer assets [7] - Geopolitical tensions, particularly related to U.S.-India trade negotiations and global market uncertainties, have negatively impacted investor sentiment [8] - India's trade deficit has widened to over $25 billion, driven by rising energy and electronics import costs, further pressuring the rupee [9] Market Outlook - Analysts maintain a cautious outlook for the rupee in 2026, warning of potential further declines if geopolitical tensions persist or if the Federal Reserve maintains high interest rates [10] - Despite currency struggles, the IMF has upgraded India's 2026 growth outlook to 6.4%, indicating strong underlying economic productivity [12] ETF Performance - The WisdomTree India Earnings Fund (EPI) has total assets of $2.58 billion and has risen 2.4% over the past year, with top holdings including Reliance Industries and HDFC Bank [14] - The Franklin FTSE India ETF (FLIN), with assets of $2.75 billion, has also gained 2.4% over the past year, focusing on large and mid-cap companies [15] - The First Trust India NIFTY 50 Equal Weight ETF (NFTY) has total assets of $160.9 million and has risen 3.5% over the past year, providing exposure to the largest Indian securities [16]

Nucor ( NUE ) is a perfect choice for investors seeking a position in the US steel sector due to its operational excellence. We are positive on the stock both for the sector's growthAnalyst’s Disclosure: I/we have a beneficial long position in the shares of NUE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company who ...