CEO Peter Matt stated, 'The CMC team delivered another strong quarter, driving a more than two-fold increase in core EBITDA compared to a year ago.' This reflects the company's robust performance amid challenging market conditions.
The biggest shake-up of green trade rules for decades comes into force today, as companies selling steel, cement and other high-carbon goods into the EU will have to prove they comply with low-carbon regulations or face fines. But a lack of clarity on how the rules will be applied, and the failure of the UK government to strike a deal with Brussels over the issue, could lead to confusion in the early stages, experts warned.
Warren Buffett's Berkshire Hathaway ( )( ) has long viewed Nucor ( ) as a cornerstone of value investing. The Oracle of Omaha first scooped up shares in the 1990s, drawn to Nucor's innovative electric arc furnace technology that revolutionized low-cost steel production. Over decades, this stake has symbolized Buffett's faith in resilient, cash-generating industrial giants. Nucor, America's largest steel producer, has rewarded that patience with consistent dividends and market-beating returns, even through commodity cycles.
Steel is at the beginning of the value chain, so you create a lot of instability for all these supply chains that get disrupted that now all of a sudden have to deal with much more expensive steel.
The findings of the OECD Steel Outlook 2025 show there is an urgent need to address growing excess capacity, and the distortionary policies driving it, to ensure well-functioning global steel markets.
