STEEL

Sep 29, 2026

Nucor has once again raised its weekly hot-rolled coil consumer spot price, continuing a trend of increases throughout September. This steady upward movement in steel prices is attributed to limited spot availability, tariffs restricting imports, and lean customer inventories, creating a tight domestic market. Nucor's pricing decisions are significant as the largest domestic steel producer, often setting the benchmark for the industry.

Sep 29, 2026

A new $15 billion foreign-owned steel mill in Iowa, set to begin production in 2030, will significantly impact Nucor and Cleveland-Cliffs. This mill, utilizing electric arc furnaces similar to Nucor, is expected to pressure steel prices. While Nucor appears well-positioned due to its existing model and profitability, Cleveland-Cliffs faces challenges with its higher-cost integrated operations and substantial debt.

Sep 29, 2026

Nucor (NUE) and Steel Dynamics have jointly filed a motion to intervene with the Federal Energy Regulatory Commission (FERC) regarding electricity market rules within the MISO region. This move signifies the steel producers' intent to have a formal say in power market design, which directly impacts their energy-intensive operations and manufacturing costs. The intervention aligns with Nucor's strategy to influence key inputs and manage power pricing and reliability for its new mills and downstream assets.

Sep 29, 2026

Nucor reported strong Q2 2026 results with $2 billion in EBITDA and $4.84 adjusted earnings per share, returning $479 million to shareholders. The company achieved record steel mill shipments of 7.1 million tons and significant growth in steel products, driven by robust demand in key markets and strategic investments. Nucor anticipates continued strong demand and shipment growth for the remainder of 2026, focusing future investments on megatrends like energy infrastructure and reshoring, while maintaining capital discipline.

Sep 28, 2026

Shares of Cleveland-Cliffs Inc. (CLF) have dropped by 7.72% due to concerns over steel demand and pricing pressures, closing near $11.22 after breaking down from the $12.50–$13 range. Despite generating $18.61B in revenue, the company faces negative net margins and significant debt, leading to active trader focus on its price action between $11 support and $12 resistance. The article highlights that traders are treating CLF as a range and momentum play, rather than a steady compounder, given its volatile financial situation.

Sep 28, 2026

Cleveland-Cliffs Inc. (CLF) stock has declined by 7.72% due to negative sentiment regarding weakening steel demand, high debt, and thin margins. Despite negative earnings, the company generated solid operating cash flow, providing some buffer. Traders are closely watching the $11 support level, with resistance around the $11.70–$12 zone, as the stock is considered a range-bound, cyclical play.

Sep 28, 2026

Cleveland-Cliffs (CLF.N) is set to idle its cold-rolled and coated operations at its Stelco plant in Hamilton, Ontario, affecting up to 500 workers. The company blames U.S. tariffs of up to 50% on Canadian steel and aluminum imports, which were implemented in June 2025. Stelco will concentrate its steel production at its Nanticoke, Ontario works and offer Hamilton employees jobs there.

Sep 28, 2026

Cleveland-Cliffs Inc. shares fell after reports that its Canadian subsidiary, Stelco Holdings Inc., plans to indefinitely idle its cold-rolled and coated operations at Hamilton Works due to ongoing U.S. import tariffs. The move is a significant setback for the Canadian steel sector, forcing Cleveland-Cliffs to restructure its operations by shifting focus to its Lake Erie Works facility and resulting in approximately 350 job cuts. While total steel output is expected to remain unchanged, the product mix will shift towards hot-rolled coil, raising investor concerns about potential margin compression.

Sep 28, 2026

Cleveland-Cliffs (CLF) shares plunged 9%, significantly more than its rivals Nucor (NUE) and Steel Dynamics (STLD), due to uncertainty surrounding U.S.-Canada steel tariffs. The company's ownership of Canadian producer Stelco exposes it to a two-sided risk from any tariff changes, a vulnerability not shared by its domestic competitors. This unique exposure and a heavier debt load are pressuring CLF stock, while bulls argue the selloff overstates the actual risk.

Sep 28, 2026

Nucor (NYSE:NUE) recently provided a quarterly guidance update indicating a significant year-over-year increase in earnings, driven by firm steel prices and record mill shipments. However, the projected earnings fell short of consensus estimates due to rising product costs, leading to a decline in after-hours trading. The company's mini-mill model and diverse product offerings position it to adapt to changing demand, despite ongoing challenges from cost inflation.

Sep 28, 2026

A Newell man, Jeffrey Smith, 53, died on Sunday, September 27, after being pinned between two door machines at the Cleveland-Cliffs Coke Works plant in Monessen. The Westmoreland County coroner's office is determining the cause and manner of death, while the Occupational Safety and Health Administration and Monessen Police Department are investigating the incident. Cleveland-Cliffs expressed deep sadness and stated that their thoughts are with the employee's family, friends, and co-workers.

Sep 28, 2026

Nucor's shares have rallied 50.1% in the past six months, outperforming the Zacks Steel Producers industry. This momentum is driven by strong earnings, robust demand in key markets like non-residential construction and infrastructure, strategic expansions, and higher U.S. steel prices. The company also projects a sequential increase in third-quarter earnings, further contributing to investor optimism.

Sep 28, 2026

The Westmoreland County Coroner was called to the Cleveland-Cliffs Coke Plant in Monessen after an industrial accident where a man was reportedly pinned between two pieces of machinery. Emergency units responded to the plant at 4:15 p.m. No other injuries were reported in the incident at the facility located along the Monongahela River, which produces coke and related carbon by-products.

Sep 27, 2026

An employee, Jeffrey Smith, 53, died in an apparent workplace accident at the Cleveland-Cliffs coke plant in Monessen. He became pinned between two door machines. The Monessen police and Occupational Safety and Health Administration are investigating the incident.

Sep 26, 2026

Cleveland-Cliffs (NYSE:CLF) is garnering market attention due to its position as a major North American flat-rolled steel producer and the significant impact of steel pricing on its financial performance. The company benefits from tariff measures on imported steel, which support domestic prices, and steady demand from the automotive industry, its primary end market. Its vertical integration, controlling the entire raw-material chain from iron ore mining to steelmaking, distinguishes it from many peers and provides resilience against input cost fluctuations.

Sep 26, 2026

ArcelorMittal, the world's second-biggest steelmaker, has closed its largest plant in Ukraine due to extensive damage and worker deaths from recent Russian airstrikes, marking another significant blow to Ukraine's economy. Ukrainian President Volodymyr Zelenskyy stated that Russia is expanding its attacks to include civilian infrastructure and businesses, and is seeking an additional $27 billion in aid and earlier loan disbursements to fund defense spending. Meanwhile, Russia denies preparing for conflict with Europe, and European officials are downplaying concerns that election results could diminish support for Ukraine.

Sep 25, 2026

Gerdau's Chairman, Claudio Johannpeter, sold 85,607 shares of the company's stock for approximately $422,899 on September 23rd. The company reported meeting earnings expectations with $0.15 EPS and $3.45 billion in revenue, and increased its quarterly dividend to $0.0448 per share. Analysts currently have an average "Hold" rating on GGB with a target price of $5.57.

Sep 25, 2026

U.S. Global Investors, Inc. (GROW) is under market scrutiny after approving continued monthly dividends and reporting stronger travel spending, positioning it prominently in the dividend stocks conversation. The article emphasizes that market attention will be tied to the quality of GROW's execution rather than just the announcement, urging investors to monitor consistent delivery in subsequent disclosures. It also highlights the importance of considering sector-wide conditions and company-specific risks when evaluating GROW's performance.

Sep 25, 2026

ArcelorMittal is suspending operations at its Kryvyi Rih steelmaking plant in Ukraine, the country's largest, due to repeated Russian missile strikes. The company cited safety concerns, with four attacks over five weeks resulting in five deaths and 17 injuries among employees. The closure is expected to lead to a non-cash impairment charge of approximately US$1 billion for ArcelorMittal.

Sep 25, 2026

ArcelorMittal has announced it cannot safely restart operations at its Ukrainian plant in Kryvyi Rih following recent missile attacks that resulted in five deaths, 17 injuries, and significant damage to production facilities. The steelmaker expects to record a $1 billion impairment due to the impact of four missile strikes over the past five weeks. ArcelorMittal had been operating at reduced capacity since 2022.

Sep 25, 2026

Global steel giant ArcelorMittal has indefinitely suspended operations at its Ukrainian subsidiary, ArcelorMittal Kryvyi Rih, due to ongoing deadly Russian bombardments. The company reported a $1 billion non-cash impairment charge and stated that four missile strikes in five weeks caused extensive damage, five deaths, and 17 injuries. ArcelorMittal has provided over $700 million to the plant since the full-scale invasion and is now discussing the facility's future with the Ukrainian government.

Sep 25, 2026

ArcelorMittal expects to book a non-cash impairment charge of approximately $1 billion due to the inability to safely restart operations at its ArcelorMittal Kryvyi Rih subsidiary in Ukraine following repeated Russian missile strikes. The company has provided over $700 million in financial support to the unit and will now focus on preserving infrastructure and discussing future options with the Ukrainian government. J.P. Morgan analysts suggest this impairment is not expected to significantly affect group EBITDA, but supply disruptions could tighten European hot-rolled coil steel supply and support prices.

Sep 25, 2026

ArcelorMittal announced it will halt operations at its Kryvyi Rih plant in Ukraine due to multiple missile strikes, leading to a non-cash impairment charge of approximately $1 billion. The strikes resulted in employee deaths and injuries, making safe operations impossible under current conditions. The company is in discussions with the Ukrainian government about the plant's future and aims to preserve its infrastructure for a potential future restart.

Sep 25, 2026

Argus has lowered its target price for Olin Corporation (OLN) stock to $14.00, with the company currently trading at $16.26. Olin Corp manufactures and sells various chemicals and chemical-based products, organized into three segments. The report also lists several related insider picks and other stock analyses.

Sep 24, 2026

Cleveland-Cliffs (NYSE:CLF) has seen a month-long rebound, driven by improving demand, firm steel pricing, and modernization efforts at its Middletown Works. Despite this, the stock has lagged some peers due to its debt and heavy automotive exposure. The company's integrated model and focus on a lower-carbon future are key aspects as it navigates cyclical steel markets and trade measures.

Sep 24, 2026

Greenpro Capital Corp. (NASDAQ: GRNQ) has agreed to sell six subsidiaries for HK$3.5 million (approximately US$446,486) to Chen Yanhong. The transaction is expected to close by the end of September 2026. The funds generated from this sale will be used for general corporate purposes, including working capital, internal operational improvements, and business development initiatives.

Sep 24, 2026

The war in Ukraine has accelerated gender transformation in the steel industry, particularly at ArcelorMittal Kryvyi Rih, where women are increasingly taking on roles traditionally held by men due to staff shortages. The company has launched various initiatives, including vocational training programs and the "Power of Women" community, to support and develop its female employees. These efforts demonstrate a strategic shift towards diversity and inclusion, integrating women's leadership and development into the company's core operations amidst wartime challenges.