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Zacks Industry Outlook Highlights: ArcelorMittal, Nucor, Steel Dynamics and Schnitzer Steel
Shares of U.S. steel stocks U.S. Steel (NYSE: X), Cleveland Cliffs (NYSE: CLF), and Steel Dynamics (NASDAQ: STLD) were rallying on Wednesday, up 8.2%, 20.1%, and 13.8%, respectively, on the day ...
The world's biggest steelmaker ArcelorMittal cut its forecast for global steel demand, with a sharper reduction now envisaged in Europe due to a lean automotive market. ArcelorMittal shares, which ...
David Boyd Burritt (born c. 1955) is an American businessman who is CEO of U.S. Steel.Prior to joining U.S. Steel, Burritt spent over three decades at Caterpillar Inc. As head of U.S. Steel, Burritt has overseen the reopening of the Granite City Works steel mill, the acquisition of Big River Steel, investments in sustainable steel production, and the proposed acquisition of U.S. Steel by ...
The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania, with production facilities in the U.S. and Central Europe.. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy.
As of at least 2024, the Chinese steel industry is highly fragmented, with a large number of companies. [1]: 101 In December 2024, Chinese researchers developed an iron-making technology that speeds up steel production, according to a published paper in the peer-reviewed journal Nonferrous Metals. The method injects iron ore powder into a super ...
Nucor, Steel Dynamics and Ternium have been highlighted in this Industry Outlook article.
Steel Dynamics, Inc. (SDI) is an American steel producer based in Fort Wayne, Indiana. With a production capacity of 13 million tons of steel, the company is the third largest producer of carbon steel products in the United States. It is among the most profitable American steel companies in terms of profit margins and operating margin per ton. [1]