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Top related persons:
Donald Trump - 2 Greg Roumeliotis - 2 Lawrence Bryant - 1 Lourenco Goncalves - 1 Goncalves - 1 Josh Spoores - 1 Phil Gibbs - 1 Thomas Conway - 1
Top related locs:
Granite City , Illinois U.S Cleveland New York U.S . Steel Granite CHICAGO United States North America
Top related orgs:
U.S . Steel - 2 REUTERS - 2 Cliffs Inc - 2 U.S - 2 Steel - 2 Thomson - 2 U.S . Steel Granite City - 1 U.S . Steel Corp - 1

Search resuls for: "Steel Dynamics Inc"


5 mentions found


☆ Focus: Inside Cleveland-Cliffs' bid to keep U.S. blast furnaces smelting
  + stars: | 2023-09-05 | by ( Isla Binnie Bianca Flowers | Isla Binnie | Bianca Flowers | ) www.reuters.com   time to read: +6 min
This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.
Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago
☆ Focus: How U.S. Steel became an acquisition target
  + stars: | 2023-08-17 | by ( Anirban Sen David Carnevali | Anirban Sen | David Carnevali | ) www.reuters.com   time to read: +5 min
[1/2] Idled blast furnaces at U.S. Steel Corp's Granite City Works in Granite City, Illinois, U.S. on on July 5, 2017. Two other U.S. rivals, Nucor Corp (NUE.N) and Steel Dynamics Inc (STLD.O), trade at 6.9 times and 5.8 times, respectively, according to Refinitiv data. These two companies' offers both value U.S. steel at 6.2 times its 2024 EBITDA, according to RBC Capital Markets analysts. Unlike blast furnaces, EAFs do not have to be operated at constant rates, allowing them to adjust to fluctuations in steel demand. EAFs also release much less carbon dioxide than blast furnaces, reducing climate-warming emissions.
Persons: David Lawder, EAFs, Joe Biden, Jefferies, David Burritt, Donald Trump, Anirban Sen, David Carnevali, Greg Roumeliotis, Sonali Paul Organizations: . Steel, REUTERS, US Steel, . Steel Corp, Cliffs Inc, Esmark Inc, Reuters, ArcelorMittal SA, Cleveland Cliffs, Nucor Corp, Steel Dynamics Inc, Steel, RBC Capital Markets, U.S, ., Steel's, U.S . Steel, Donald Trump . Supply, Thomson Locations: Granite City, Granite City , Illinois, U.S, Pittsburgh, Cleveland, New York
☆ Cramer's lightning round: Steel Dynamics is an excellent company
  + stars: | 2023-02-06 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...ChampionX Corp : "I have got to do a profile of these guys." Loading chart...Steel Dynamics Inc : "It is an excellent company." Loading chart...Loading chart...Nucor Corp : "I personally think that Nucor has moved up too much. I have my eye on $160 to $165 and not before that." Loading chart...C3.ai Inc : "This stock has run up as part of the almost meme-like interest in [artificial intelligence].
☆ Cramer's lightning round: I like Entegris
  + stars: | 2023-01-12 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...ZIM Integrated Shipping Services Ltd : "I don't trust it. Loading chart...CF Industries Holdings Inc : "I like Mosaic more, but I like CF a lot." It's very plain vanilla, nothing really exciting about it, but that's okay." Loading chart...Clearfield Inc : "Lately, since this year began, when you see a stock go down, you've got to be very careful. Loading chart...Steel Dynamics Inc : "I like Steel Dynamics, but I love Nucor ."
☆ Steel Companies’ Profits Hurt by Falling Prices
  + stars: | 2022-10-30 | by ( Bob Tita | ) www.wsj.com   time to read: 1 min
Cleveland-Cliffs steel mill in Cleveland; the company is the largest U.S. supplier of steel to the auto industry. Steel prices in the U.S. have fallen to the lowest level in two years, shrinking steel companies’ profits but giving manufacturers hope for lower material costs. Cleveland-Cliffs Inc., United States Steel Corp., Nucor Corp. and Steel Dynamics Inc. reported significantly lower profits from their steelmaking operations during the quarter that wrapped up at the end of September, compared with the same period last year when prices were at record levels.
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