Algoma Steel Group (NasdaqGM:ASTL) Q3 2025 Earnings Call October 30, 2025 11:00 AM ET Speaker2Please stand by. Greetings and welcome to the Algoma Steel Group Inc. third quarter 2025 earnings call. At this time all participants are in a listen-only mode. A question and answer session will follow the formal presentation. This call is being recorded. It is now my pleasure to introduce Michael Morocco, Vice President and Corporate Development and Treasurer. Please go ahead, sir.Speaker0Good morning everyone an ...

2025年三季度，公司期间费用为9.06亿元，较上年同期增加3538.52万元；期间费用率为2.57%，较上年 同期上升0.41个百分点。其中，销售费用同比减少23.74%，管理费用同比减少3.92%，研发费用同比增 长1.53%，财务费用同比增长38.53%。 筹码集中度方面，截至2025年三季度末，公司股东总户数为4.66万户，较上半年末增加了350户，增幅 0.76%；户均持股市值由上半年末的31.98万元下降至30.68万元，降幅为4.06%。 资料显示，本钢板材股份有限公司位于辽宁省本溪市平山区钢铁路1-1号，成立日期1997年6月27日，上 市日期1998年1月15日，公司主营业务涉及钢铁冶炼、压延加工、发电、煤化工、特钢型材、铁路、进 出口贸易、科研、产品销售等。主营业务收入构成为：钢板97.40%，其他2.60%。 本钢板材所属申万行业为：钢铁-普钢-板材。所属概念板块包括：低价、央企改革、中盘、融资融券 等。 10月28日，本钢板材发布2025年三季报。报告显示，公司前三季度营业收入为352.01亿元，同比下降 12.37%；归母净利润为-22.16亿元，同比增长30.88%；扣非归母净利润 ...

10月27日，本钢板材盘中上涨2.25%，截至11:26，报3.64元/股，成交3222.25万元，换手率0.24%，总市 值149.54亿元。 资金流向方面，主力资金净流入75.21万元，大单买入296.76万元，占比9.21%，卖出221.55万元，占比 6.88%。 本钢板材今年以来股价涨13.75%，近5个交易日涨1.96%，近20日涨1.11%，近60日跌9.45%。 本钢板材所属申万行业为：钢铁-普钢-板材。所属概念板块包括：低价、央企改革、中盘、融资融券 等。 截至6月30日，本钢板材股东户数4.62万，较上期减少3.47%；人均流通股0股，较上期增加0.00%。2025 年1月-6月，本钢板材实现营业收入246.98亿元，同比减少12.93%；归母净利润-13.99亿元，同比增长 9.78%。 责任编辑：小浪快报 分红方面，本钢板材A股上市后累计派现91.74亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年6月30日，本钢板材十大流通股东中，招商证券(香港)有限公司位居第五大 流通股东，持股1601.19万股，相比上期增加17.22万股。香港中央结算有限公司位居第十大流通股东， ...

陶春燕聊城报道 近年来,聊城市紧扣"制造业强市"目标,以产业链招商推动黑色金属产业链强链补链。2024年1-12月全市 206家规上企业实现营收699.9亿元,利润36.1亿元,同比分别增长4.7%和32.2%,2025年上半年,营业收入达 到320.65亿元,同比增长10.1%；利润总额10.45亿元,同比增长91.7%。链条持续完善、集聚效应凸显。 梯度培育产业能级,打造优势集群。立足钢管、钢板两大主导产业,推动无缝钢管向高端装备、航空航天 等领域专用管材升级,钢板向汽车轻量化、新能源用高强钢及功能涂层板延伸,构建"基础材料—精深加工 —终端应用"全链条生态。以开发区、东昌府区和冠县为核心,打造"高精管材集聚区"和"精品钢板基地", 稳定钢管全国15%以上份额,巩固钢板加工产能领先地位,实现从"规模扩张"到"深精特新"跃升。 靶向招引链主企业,构建梯级格局。强化汇通集团、鑫鹏源智能装备等本地龙头企业引领作用,整合中小 微企业资源,重点对接天津钢管、衡阳华菱钢管、河钢舞阳钢铁等产业链头部企业,以及中钢网等关联主 体,集中招引高端特种钢管、汽车高强钢等紧缺项目,形成"龙头带动、骨干支撑、中小配套"的梯级矩 阵 ...

10月11日，聊城市政府新闻办召开"产业链上的山东好品牌"企业家现场记者见面会，针对黑色金属加工企业发展的所需，市投资促进局党组成员、副局长 董立强表示，黑色金属产业是聊城市由"工业大市"向"工业强市"跨越的核心支撑，市投资促进局将深入落实"八大攻坚突破行动"，聚焦"强链、延链、补 链"，推动产业高质量发展。 梯度培育产业能级，打造优势集群。立足钢管、钢板两大主导产业，推动无缝钢管向高端装备、航空航天等领域专用管材升级，钢板向汽车轻量化、新能 源用高强钢及功能涂层板延伸，构建"基础材料—精深加工—终端应用"全链条生态。以开发区、东昌府区和冠县为核心，打造"高精管材集聚区"和"精品 钢板基地"，稳定钢管全国15%以上份额，巩固钢板加工产能领先地位，实现从"规模扩张"到"深精特新"跃升。 齐鲁晚报.齐鲁壹点陶春燕 近年来，聊城市紧扣"制造业强市"目标，以产业链招商推动黑色金属产业链强链补链。2024年1-12月全市206家规上企业实现营收699.9亿元，利润36.1亿 元，同比分别增长4.7%和32.2%，2025年上半年，营业收入达到320.65亿元，同比增长10.1%；利润总额10.45亿元，同比增长91.7 ...

Core Viewpoint - The stock price of Benxi Steel Plate fell by 2.17% on September 11, 2023, with a current price of 3.60 CNY per share and a market capitalization of 14.79 billion CNY [1] Group 1: Stock Performance - Year-to-date, Benxi Steel Plate's stock price has increased by 12.50%, with a slight increase of 0.28% over the last five trading days, a decrease of 3.23% over the last 20 days, and a 0.28% increase over the last 60 days [2] - As of June 30, 2023, the number of shareholders is 46,200, a decrease of 3.47% from the previous period [2] Group 2: Financial Performance - For the first half of 2025, Benxi Steel Plate reported operating revenue of 24.698 billion CNY, a year-on-year decrease of 12.93%, and a net profit attributable to shareholders of -1.399 billion CNY, an increase of 9.78% year-on-year [2] Group 3: Shareholder Information - Since its A-share listing, Benxi Steel Plate has distributed a total of 9.174 billion CNY in dividends, with no dividends paid in the last three years [3] - As of June 30, 2023, the fifth largest shareholder is China Merchants Securities (Hong Kong) Co., Ltd., holding 16.0119 million shares, an increase of 172,200 shares from the previous period [3]

Group 1 - The core viewpoint of the articles highlights the transformation of Liaoning's manufacturing industry through digitalization and intelligent manufacturing, showcasing a shift from traditional labor-intensive methods to data-driven processes [2][5][7] - Liaoning is leveraging digital technologies to enhance productivity and efficiency in traditional manufacturing sectors, with significant improvements in operational metrics such as a 20% increase in production efficiency and a 10% reduction in costs at the Angang Steel plant [5][6] - The province has established a robust digital infrastructure, with 50.8% of production equipment connected digitally and 469 provincial-level digital workshops built, indicating a strong commitment to digital transformation [6][10] Group 2 - The integration of industrial internet technologies is facilitating a comprehensive upgrade across the entire manufacturing value chain in Liaoning, including design, production, supply, and sales [6][10] - Liaoning's digital economy is experiencing rapid growth, with the core industry value added increasing by 18% year-on-year in the first half of 2025, reflecting the successful implementation of digital strategies [12][17] - The province is actively promoting artificial intelligence and low-altitude economy initiatives, aiming to cultivate over 300 AI enterprises and develop a low-altitude economic industry chain, which will further enhance its industrial capabilities [15][16] Group 3 - Liaoning's industrial ecosystem is evolving with the emergence of new technologies and business models, such as the "industrial matchmaking" platform that connects small parts manufacturers with larger enterprises, reducing design cycles by 30% and customer acquisition costs by 40% [10][11] - The province is focusing on building a comprehensive digital economy, with 14.3 million 5G base stations established, ensuring full coverage across all prefecture-level cities, which supports the development of smart manufacturing [16][17] - Liaoning is fostering a collaborative environment for high-tech companies in sectors like intelligent connected vehicles, enhancing innovation through shared resources and infrastructure [15][17]

Core Viewpoint - Huajin International Holdings (02738.HK) anticipates a significant decline in revenue and a shift from profit to loss for the six months ending June 30, 2025, primarily due to weak market demand and increased competition [1][3]. Revenue and Profit Summary - The company expects revenue to be between approximately RMB 720 million and RMB 780 million, representing a decrease of about RMB 24.265 billion to RMB 24.865 billion compared to the previous period, a decline of approximately 75.7% to 77.5% [1]. - The expected loss attributable to shareholders is between RMB 490 million and RMB 530 million, contrasting with a profit of approximately RMB 16.9 million in the previous period [1]. Reasons for Revenue Decline - Weak market demand and intensified competition have led to a dual pressure on both domestic and international demand, resulting in insufficient order growth and price competition among industry players [3]. - The impact of trade environment and tariff policies has caused a significant drop in sales volume and average selling prices for downstream customers, further exacerbated by order cancellations from long-term clients [3]. - Rising raw material costs, particularly for hot-rolled steel coils, have not been matched by timely price adjustments for the company's products, leading to increased production costs [3]. - Low capacity utilization has resulted in higher unit processing costs due to fixed manufacturing expenses being spread over a significantly reduced production volume [3]. Company Overview - Huajin International Holdings is a cold-rolled carbon steel processing company located in Jiangmen City, Guangdong Province, China, primarily engaged in processing hot-rolled steel coils into customized cold-rolled steel strips, plates, welded steel pipes, and galvanized steel products [4][5]. - The company serves a wide range of industries, including light industry hardware, home appliances, furniture, motorcycle/bicycle parts, and LED lighting, providing customized processing, cutting, storage, and distribution services for cold-rolled and galvanized steel products [5].

Core Viewpoint - The opening of a direct shipping route from Zhanjiang, Guangdong to Laem Chabang, Thailand by Baosteel Zhanjiang Steel Co., Ltd. marks a significant step in enhancing trade relations and logistics efficiency in the region [1] Group 1: Shipping Route Details - The new shipping route operates on an international liner model with a fixed schedule, aimed at shortening logistics cycles and improving turnover efficiency [1] - The maiden voyage involved the "Dinghe" vessel carrying 8,000 tons of steel and steel plates [1] Group 2: Strategic Importance - Baosteel Zhanjiang Steel Co., Ltd. leverages Zhanjiang Port's strategic position as a key node in the Belt and Road Initiative to build a global shipping network [1] - The successful operation of the Thailand shipping route is expected to strengthen economic and trade ties between Baosteel and Thailand, as well as surrounding regions [1] Group 3: Customs and Inspection Support - The Zhanjiang Border Inspection Station has implemented a tailored operational plan to ensure smooth customs processes for the inaugural voyage, focusing on zero waiting time upon arrival and immediate loading [1] - Continuous efforts have been made to enhance inspection efficiency and facilitate customs clearance, contributing to a safe and orderly entry and exit environment [1]

Core Insights - Nucor reported Q2 2025 GAAP earnings per share of $2.60, slightly exceeding analyst expectations of $2.55, but lower than $2.68 from the previous year, indicating a year-over-year decline of 3% [1][2] - Revenue for the quarter was $8.46 billion, a 4.7% increase from $8.08 billion in Q2 2024, showcasing operational strength despite profitability pressures [2] - The company’s total steel mill shipments increased by 10.3% year-over-year, reflecting strong demand across various product categories [2][5] Financial Performance - Net earnings attributable to Nucor stockholders were $603 million, down 6.5% from $645 million in Q2 2024 [2] - EBITDA for the quarter was reported at $1.30 billion, up 4.8% from $1.24 billion in the same quarter last year [2] - The operating rate reached 85%, significantly higher than 75% in Q2 2024, indicating improved utilization of production capacity [5] Operational Highlights - Steel Mills segment reported a pre-tax profit of $843 million, an increase from $645 million a year ago, while Steel Products segment profit decreased to $392 million from $442 million [6] - The Raw Materials segment profit rose to $57 million from $39 million, driven by better scrap processing results [6] - Downstream steel product shipments increased by 6% year-over-year, with notable growth in joist, rebar fabrication, and tubular products [6] Cost Structure and Challenges - Average scrap cost per ton increased to $403, a 2% rise from Q1 2025 and a 1.8% increase from Q2 2024, impacting gross margins [7] - Operating costs, particularly for energy and conversion, have risen, contributing to margin pressures [7] - Start-up costs related to expansion projects totaled $136 million, reflecting investments in new facilities [7] Balance Sheet and Shareholder Returns - Nucor reported $2.48 billion in cash and short-term investments, with a fully undrawn $2.25 billion revolving credit facility [8] - The company continued its shareholder return strategy by repurchasing 1.8 million shares and maintaining a quarterly dividend of $0.55 per share, marking 209 consecutive quarterly payouts [8][9] Future Outlook - Management anticipates Q3 2025 earnings to be "nominally lower" than Q2 2025 due to expected margin compression in the steel mills segment [10] - Steel products and raw materials segments are expected to remain stable, while high start-up and operating costs are projected to persist [10] - Backlogs for key products are at historic highs, indicating sustained demand from infrastructure and advanced manufacturing sectors [10][11]