Steel

The long, low white buildings and stacks of a steel mill on the horizon beyond farm fields and trees.

Steel Dynamics Earned $756 Million in the Third Quarter, 87 Per Cent More Than a Year Ago, at $1,400 a Ton. It Still Missed Its Own Guidance by Up to 12 Cents.

Steel Dynamics said on 19 October that third-quarter net income was $756 million, or $5.26 a share, on net sales of $6.5 billion and record shipments of 3.8 million tons. The average external steel price rose $102 a ton from the second quarter to $1,400. The EPS was below the $5.34-$5.38 range the company gave on 17 September.

By Daniel Okafor 27 minutes ago

Black-and-white photograph of large rolls of sheet steel standing on their edges in a long row inside a dim warehouse, lit by a shaft of light from the right.

Business

Stelco's Layoffs Have Started. Its American Owner Says the Workers Come Back When There Is a Trade Deal.

Stelco has begun issuing layoff notices at its Hamilton plant, with the first cuts effective on Sunday. Cleveland-Cliffs' chief executive says the layoffs are temporary and tied to the trade war. Ottawa says the jobs were promised when Cliffs bought the company in 2024, and has given it until next week to explain.

By Cory Chamberlain October 8, 2026

Tagged stories

Steel Dynamics Earned $756 Million in the Third Quarter, 87 Per Cent More Than a Year Ago, at $1,400 a Ton. It Still Missed Its Own Guidance by Up to 12 Cents.

Stelco's Layoffs Have Started. Its American Owner Says the Workers Come Back When There Is a Trade Deal.