(Bloomberg) -- U.S. Steel Corp. will spend about $3 billion to build a new mill, the latest sign that steelmakers are growing more comfortable that higher prices will last.The so-called mini-mill will combine two electric arc furnaces, which primarily use steel scrap and are far more energy-efficient than traditional integrated plants that are fed by coal. The company expects to begin construction in the first half of 2022 and start producing in 2024.U.S. Steel’s announcement comes as domestic f
(Bloomberg) -- Nucor Corp., buoyed by this year’s unprecedented steel rally, said it expects a trend of record earnings to carry through the fourth quarter as demand for the metal continues to surge.The Charlotte-based company forecast third-quarter earnings of between $7.30 to $7.40, higher than the $7.16 per share average estimate among analysts. “Our internal business units’ forecasts suggest that our fourth quarter of 2021 results are likely to continue the trend of exceptional performance w
Steel Dynamics (STLD) expects third-quarter adjusted earnings in the range of $4.88-$4.92 per share.