Tag: Steel

Steel Dynamics (STLD) stock fell Tuesday after the steelmaker issued a disappointing quarterly outlook.

Steel Dynamics, Inc. (STLD) today announced fourth quarter and annual 2025 financial results. The company reported fourth quarter 2025 net sales of $4.4 billion and net income of $266 million, or $1.82 per diluted share. Comparatively, the company’s sequential third quarter 2025 net income was $404 million, or $2.74 per diluted share, and prior year fourth quarter net income was $207 million, or $1.36 per diluted share.

Cleveland-Cliffs posted higher third-quarter revenue and said demand for U.S.-produced steel was rising due to the Trump administration’s tariffs.

The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the U.K., as well as rumblings of discontent among carmakers on the continent.

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.

Japan’s Nippon Steel, said on Wednesday it would raise 800 billion yen ($5.6 billion) through two subordinated loans to partially fund its recent $14.9 billion acquisition of U.S. Steel and refinance previous loans.

Nucor (NYSE:NUE) shares rose about 3% on Wednesday after the company released its second quarter earnings forecast that surpassed analyst expectations.

U.S. Steel shares jumped on Monday after President Donald Trump approved its controversial merger with Japan’s Nippon Steel.

U.S. prices of steel and aluminium spiked on Monday while shares of foreign steelmakers slumped after U.S. President Donald Trump said he would double tariffs on imports of the two metals to 50%.

Donald Trump has broadly endorsed Nippon Steel’s $15bn deal to buy US Steel, in an apparent reversal of his opposition to a cross-border transaction that was blocked by Joe Biden on national security grounds.

India is set to impose a temporary tariff, known locally as safeguard duty, of 12% on steel imports, said a government source with direct knowledge of the matter, to try and curb a surge in cheap imports from China and elsewhere.

Shares of U.S. Steel (X.N),  plunged 11% in premarket trading on Thursday after U.S. President Donald Trump – in a contradiction from previous White House actions – said on Wednesday that he does not want the steel producer to go to Japan, suggesting he does not support Nippon Steel’s (5401.T),  $14 billion bid.

Nippon Steel and U.S. Steel are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.

The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.

President Donald Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States Wednesday, a policy aimed at leveling the playing field for US manufacturing but a move that threatens to drive up prices on a broad range of consumer and industrial goods for Americans.

Canada will announce C$29.8 bln in retaliatory tariffs on the United States on Wednesday in response to U.S. President Donald Trump’s steel and aluminum tariffs, a Canadian official said.

Σε άμεσα αντίποινα προχώρησε η Ευρωπαϊκή Ενωση ελάχιστες ώρες μετά την επιβολή δασμών 25% από τον Ντόναλντ Τραμπ στις εισαγωγές ευρωπαϊκού χάλυβα και αλουμινίου, με τις δύο πλευρές πλέον να είναι αντιμέτωπες με εμπορικό «πόλεμο».

Στην καθολική -χωρίς εξαίρεση- επιβολή τελωνειακών δασμών 25% στον χάλυβα και στο αλουμίνιο, με ισχύ από τις 12 Μαρτίου προχώρησε ο πρόεδρος των ΗΠΑ, Ντόναλντ Τραμπ, με αποτέλεσμα ο εμπορικός πόλεμος που είχε προαναγγείλει ότι θα εξαπέλυε να περνά επισήμως σε νέα φάση.

Nippon Steel Japan’s biggest steelmaker, said on Thursday its proposed acquisition of U.S. Steel fits with President Donald Trump’s goal of a stronger United States as the leaders of the two allies prepared to meet.

The battle for U.S. Steel took a bizarre turn on Monday as jilted merger partner Cleveland-Cliffs held a press conference in Pennsylvania.