Latest news with #SteelDynamics
Yahoo
2 days ago
- Automotive
- Yahoo
AAM Recognizes Top Suppliers with Awards
Annual Supplier Day Event Awards 16 Suppliers DETROIT, June 18, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL), a leading global Tier 1 automotive supplier of driveline and metal forming technologies, named top suppliers during their Supplier Day event. The annual event recognizes key suppliers with Supplier of the Year Awards and Supplier Excellence Awards across delivery, quality, launch performance, innovation and sustainability. "It's an honor every year to recognize our top performing supplier partners who go above and beyond for AAM and contribute to the automotive industry," said David C. Dauch, AAM Chairman and Chief Executive Officer. "They are an integral part of our business and demonstrate excellence in their operations and service. Congratulations to our Supplier of the Year and Supplier Excellence Award winners." This year, three suppliers received AAM's top awards for overall performance. AAM's first 2025 Supplier of the Year Award for Direct Material was presented to Baoding Dongli Machinery Co., Ltd., a partner for over 20 years that provides 88 iron-casting, steel-forging and aluminum parts to multiple AAM Manufacturing Facilities in Europe and China. Among other achievements, this supplier demonstrated a collaborative approach to its relationship with AAM by establishing local warehouses near AAM's European facilities. AAM's second 2025 Supplier of the Year Award for Direct Material was presented to Steel Dynamics Inc. – Engineered Bar Products Division. The company supplies multiple AAM Metal Forming facilities with SAE-grade engineered special bar quality (SBQ) products and operates a bar finishing facility that offers key downstream processes including turning, polishing, straightening and other critical finishing operations. This supplier demonstrated the ability to provide nearly 75,000 tons of steel to our facilities with outstanding quality performance. AAM's third 2025 Supplier of the Year Award for Indirect Material was presented to Okuma America Corporation, a global leader in computer numeric control (CNC) machine tools, controls and automation systems. Okuma has consistently delivered high-quality machining centers that have played a key role in advancing AAM's manufacturing capabilities. Additionally, 13 other suppliers were honored with AAM Supplier Excellence Awards for their demonstrated success in delivery, quality, launch performance, innovation and sustainability. The awardees are: Delivery: Mecanica Garcia Industrial Warren Industries Webco Industries, Inc. Quality: Bocar Guangdong Hongteo Technology Co., Ltd. Tubos De Acero De Mexico S.A. (Tenaris) Launch Performance: Johnson Electric Otomotiv Ürünleri Limited Şirketi Wayne Manufacturing Zouping Tiansheng Metal Technology Co., Ltd. Innovation: Ansys Apera AI Neural Concept Sustainability: CEVA Logistics AAM has recognized exceptional suppliers each year since its founding in 1994. AAM Associates from global procurement, engineering, supplier quality, manufacturing and supply chain management selected this year's award winners based on several criteria including delivery performance, product quality, launch execution, sustainability commitment and technology leadership. About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM (NYSE: AXL) designs, engineers and manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. Headquartered in Detroit with over 75 facilities in 16 countries, AAM is Bringing the Future Faster for a safer and more sustainable tomorrow. To learn more, visit About Baoding Dongli Machinery Co., Ltd. Baoding Dongli Machinery Co., Ltd. was established in September 1998, with two production sites in Baoding Dongli and Shandong Anuoda, as well as two sales companies, Dongli Germany and Dongli USA. The company has developed four product series engine damper parts, chassis suspension shock absorber assemblies, transmission parts and other precision parts, with 800+ products in total. To learn more, visit About Steel Dynamics Steel Dynamics is a leading industrial metals solutions company, with facilities located throughout the United States, and in Mexico. The company operates using a circular manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input. Steel Dynamics is one of the largest domestic steel producers and metal recyclers in North America, combined with a meaningful downstream steel fabrication platform. The company is also currently investing in aluminum operations to further diversify its product offerings, with plans to supply aluminum flat rolled products with high recycled content to the countercyclical sustainable beverage can industry, in addition to the automotive and industrial sectors. Steel Dynamics is committed to operating with the highest integrity and to being the safest, most efficient producer of high-quality, broadly diversified, value-added metal products. To learn more, visit About Okuma Corporation Okuma America Corporation is the U.S.-based sales and service affiliate of Okuma Corporation, a world leader in CNC (computer numeric control) machine tools, controls and automation systems. The company was founded in 1898 in Nagoya, Japan, and is the industry's only single-source provider of CNC machines, controls, drives, motors, encoders, spindles and automation systems, all manufactured by Okuma. The company designs its own CNC controls to integrate seamlessly with each machine tool's functionality. In 2014 Okuma launched the Okuma App Store, the industry's only centralized online marketplace for machine tool apps and related content. Along with its extensive distribution network (largest in the Americas), and Partners in Technology network of enhanced manufacturing technologies, Okuma is committed to helping users gain competitive advantages through the open possibilities of machine tools today and into the future. To learn more, visit Media Contact: Christopher M. SonVice President, Marketing & Communications - AAM (313) 758-4814 View original content to download multimedia: SOURCE American Axle & Manufacturing Holdings, Inc.
Yahoo
2 days ago
- Business
- Yahoo
Steel Dynamics' Outlook Comes Up Short, But Some Positives Mute Stock Losses
Steel Dynamics gave current-quarter profit guidance that fell short of analysts' estimates. The steelmaker sees a decline in metal recycling earnings, but anticipates a boost from steel operations. Steel Dynamics also gave a positive outlook for its aluminum Dynamics (STLD) shares fell Wednesday on the steelmaker's weaker-than-expected outlook, although the loss was offset by a positive projection for its steel and aluminum operations. The company reported that it sees current-quarter earnings per share (EPS) in the range of $2.00 to $2.04. Analysts surveyed by Visible Alpha were looking for $2.57. In the previous quarter, it posted EPS of $1.44. Steel Dynamics said it sees profitability from its steel operations to be "significantly stronger than sequential first quarter results, as metal spreads expanded across the platform with average realized steel pricing increasing more than scrap raw material costs." It anticipates metal recycling profit to be basically unchanged, while steel fabrication earnings will be lower. The company added that its Columbus, Miss., and San Luis Potosi, Mexico, aluminum locations produced their first ingots earlier this year, and it expects to begin shipping material soon. Steel Dynamics noted that it planned to release its second-quarter results after the close of trading July 21. Shares of Steel Dynamics slipped about 2% Wednesday morning but remain up nearly 15% year-to-date. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
07-06-2025
- Business
- Wall Street Journal
Trump's New Steel Tariffs Look Vulnerable to a Courtroom Challenge
U.S. steelmaker shares soared on news of President Trump's new tariffs. But are these tariffs as bulletproof as investors seem to believe? The steel tariffs, like those on autos and auto parts, are sector-based. They differ in that respect from the 'Liberation Day' tariffs Trump unveiled in April. The U.S. Court of International Trade in May blocked Trump's tariffs on U.S. trading partners, rejecting the argument that he could invoke emergency powers to set the country-by-country tariffs. An appeals court stayed that ruling, pending its own review. The conventional wisdom in the markets has been that Trump's recent sector-based tariffs are on firmer legal footing. That might not be the case, though. In fact, there is reason to believe his new 50% tariff on imported steel could be vulnerable to a legal challenge. To speed up the process, Trump piggybacked on the findings of a national-security investigation by the Commerce Department in 2018, during his first term. The question now is whether the findings were too stale to be the basis for a new tariff hike, and thus whether Trump should have sought a new national-security investigation first. Going that route would have delayed his CLF 7.04%increase; green up pointing triangle is up 30% since Trump announced his new tariff plans May 30. Nucor NUE 2.37%increase; green up pointing triangle and Steel Dynamics STLD 1.11%increase; green up pointing triangle are up 11% and 9%, respectively. The tariff increase took effect June 4. Trump also relied on Commerce Department findings from his first term in office when raising sector-based tariffs this year on aluminum, autos and auto parts. His directive raising aluminum tariffs to 50% from 25% took effect June 4, as well. While it is too soon to know whether the sectoral tariffs will draw serious court challenges, a look at the legal underpinnings shows potential soft spots. Trump in his June 3 proclamation said he exercised his authority under the Trade Expansion Act of 1962 to raise steel tariffs to 50% from 25%. In doing so, he cited the Commerce Department's 2018 investigative report that concluded the quantities of steel being imported into the U.S. threatened to harm national security. The trade statute says the president, within 90 days of such a report, shall determine whether he concurs with the findings and decide what action to take in response. After that, he has 15 days to implement the action. A 2021 ruling by a three-judge panel of the U.S. Court of Appeals for the Federal Circuit said the deadlines aren't strict and some flexibility is allowed. In that case, Trump waited five months after his initial 2018 action to boost tariffs on imported Turkish steel to 50% from 25%. An importer, Transpacific Steel, sued, and the Court of International Trade ruled against the higher tariffs on Turkish imports, saying Trump had gone past the statutory time limit. (By then, Trump had already returned the tariff on Turkish steel to 25%.) The appellate court reversed that ruling in a 2-1 decision. That decision might have opened the door for Trump to rely on the same 2018 investigative report yet again—seven years later—for his latest tariff boost. However, the appeals court said its ruling applied 'in the circumstances presented here.' A decision could turn out differently in other circumstances, such as where the investigative findings are 'simply too stale to be a basis' for new presidential actions, the court said. Tim Meyer, an international-trade specialist and professor at Duke Law School, said the appeals court's ruling appears to leave room for a plaintiff to challenge the new steel tariffs. 'The tricky part is how to apply the standards the court identifies,' he said. 'For example, what does it mean for a report to be 'stale'? The court seems to suggest that the passage of time might be enough. But how much time is too much time?' Much has happened in the past seven years, including a pandemic. U.S. steel imports were 26.2 million metric tons in 2024, according to the Commerce Department, down 24% since 2017. That point alone could underscore the need for new investigative findings as a predicate for presidential action. Trump in his June 3 proclamation said he also considered 'current information newly provided' by the Commerce Department, but didn't say what it was. Investors will be watching to see if any well-heeled plaintiffs surface to contest the tariffs. Gordon Johnson, chief executive at GLJ Research, in a June 2 note to clients said he believed the surge in steel stocks was premature and that the new 50% tariffs 'could be overturned due to a lack of a new investigation.' He also noted that no one had sought an injunction yet to block them. That said, he wrote, 'we believe there are procedural problems that make these new tariffs vulnerable to a lawsuit.' Steelmaker shares could take a hit if a court invalidated the sectoral tariffs. U.S. automaker stocks, on the other hand, could rally. Of course, the Trump administration could simply initiate new Commerce Department investigations and reinstitute the tariffs later. The net result for investors and the economy ultimately might be just more prolonged uncertainty about Trump's favorite negotiating tool. Write to Jonathan Weil at
Yahoo
06-06-2025
- Business
- Yahoo
Better Dividend Stock: Nucor vs. Steel Dynamics
Nucor and Steel Dynamics are two of the largest steelmakers in North America. Both companies have strong dividend histories. Nucor is likely to be attractive to more conservative investors, while Steel Dynamics will interest dividend growth investors. 10 stocks we like better than Nucor › Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) have a lot of similarities, which makes sense, since Nucor alumni founded Steel Dynamics. That said, these two U.S. steelmakers are not interchangeable investments. Dividend investors considering stepping into the cyclical steel industry while it is dealing with some industry softness will want to carefully consider what Nucor and Steel Dynamics offer before buying either one. Here's a quick primer. From a big-picture perspective, Nucor and Steel Dynamics make steel. But the real story is how they make that steel, which is by using electric arc mini-mills. This technology uses electricity and scrap steel to make "new" steel. It is more flexible than older blast furnace technology, which uses iron ore and metallurgical coal to make primary steel. While blast furnaces can be highly profitable during industry upturns, their high operating costs mean they can bleed red ink during downturns. Electric arc mini-mills tend to have more consistent and reliable profit margins through the cycle. In other words, Nucor and Steel Dynamics have strong core operations. On top of this strong foundation, Nucor and Steel Dynamics have both built businesses selling fabricated steel products. They basically take the commodity steel they produce and turn it into higher-margin items with more reliable demand characteristics through the steel cycle. This makes them even more robust to the normal cyclical industry downturns that happen. When you hear the word cyclical, you should worry about dividend consistency. However, the strong fundamentals of Nucor and Steel Dynamics on the business side have proven highly valuable to dividend investors. Nucor is a Dividend King, with over 50 consecutive years of annual dividend increases behind it. Steel Dynamics, a much younger company, has increased its dividend annually for 14 straight years. So, despite operating in a volatile industry, they are reliable dividend stocks. That said, there is an important difference between the two on the dividend front. Nucor is a large company that moves slowly and deliberately. That includes on dividends. Over the past decade, its dividend has grown at around 4% a year on an annualized basis. That is faster than the historical growth rate of inflation, so the buying power of the dividend is increasing over time. However, this is a tortoise, not a rabbit. Steel Dynamics' dividend has grown at more than 10% a year. Compared to Nucor it is, indeed, a rabbit. That has a lot to do with Steel Dynamics' smaller size, since it is easier to grow a business when it is small than when it is large and mature. But Steel Dynamics is also a bit more aggressive, noting that it has just entered the aluminum market. Its aluminum business uses similar technology to its steel business, so this isn't a huge reach. But it shows clearly that Steel Dynamics is a far more aggressive business. Nucor and Steel Dynamics have similarly attractive steel businesses. So the core business isn't likely to be the differentiating factor for investors. And they both have solid dividend histories behind them, though being a Dividend King clearly gives Nucor some bragging rights. Nucor's yield is around 1.8% today, which is higher than Steel Dynamics' 1.5%, with both being higher than the S&P 500's smaller average of 1.3%. The real difference here, however, is likely to boil down to the dividend growth rate, combined with the aggressiveness of management. If you are a conservative income investor who likes to buy reliable dividend stocks when they are out of favor, Nucor is likely to be the better choice. Notably, Nucor's stock has fallen 40% from its 2024 highs, which is actually a pretty normal drawdown for the stock. Steel Dynamics, which has more attractive growth prospects for its business (because it is smaller and because it is working to expand into aluminum), is only down around 10% over the same span. But if you are looking for rapid dividend growth, Steel Dynamics may be worth a premium price. That said, either choice will leave you owning a well-run U.S. steelmaker. Before you buy stock in Nucor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nucor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Reuben Gregg Brewer has positions in Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Better Dividend Stock: Nucor vs. Steel Dynamics was originally published by The Motley Fool
USA Today
05-06-2025
- Business
- USA Today
Steel stocks: Is Nucor or Steel Dynamics the better buy under Trump's tariff moves?
Steel stocks: Is Nucor or Steel Dynamics the better buy under Trump's tariff moves? Show Caption Hide Caption Reaction from around the world as steel tariffs double "Strongly regret," and "unfair" were some of the reactions from trade partners around the world as the U.S. doubles tariffs on steel imports. Nucor (NYSE: NUE) and Steel Dynamics (NASDAQ: STLD) have a lot of similarities, which makes sense, since Nucor alumni founded Steel Dynamics. That said, these two U.S. steelmakers are not interchangeable investments. Dividend investors considering stepping into the cyclical steel industry while it is dealing with some industry softness will want to carefully consider what Nucor and Steel Dynamics offer before buying either one. Here's a quick primer. What do Nucor and Steel Dynamics do? From a big-picture perspective, Nucor and Steel Dynamics make steel. But the real story is how they make that steel, which is by using electric arc mini-mills. This technology uses electricity and scrap steel to make "new" steel. It is more flexible than older blast furnace technology, which uses iron ore and metallurgical coal to make primary steel. While blast furnaces can be highly profitable during industry upturns, their high operating costs mean they can bleed red ink during downturns. Electric arc mini-mills tend to have more consistent and reliable profit margins through the cycle. In other words, Nucor and Steel Dynamics have strong core operations. On top of this strong foundation, Nucor and Steel Dynamics have both built businesses selling fabricated steel products. They basically take the commodity steel they produce and turn it into higher-margin items with more reliable demand characteristics through the steel cycle. This makes them even more robust to the normal cyclical industry downturns that happen. Nucor and Steel Dynamics are reliable dividend stocks When you hear the word cyclical, you should worry about dividend consistency. However, the strong fundamentals of Nucor and Steel Dynamics on the business side have proven highly valuable to dividend investors. Nucor is a Dividend King, with over 50 consecutive years of annual dividend increases behind it. Steel Dynamics, a much younger company, has increased its dividend annually for 14 straight years. So, despite operating in a volatile industry, they are reliable dividend stocks. That said, there is an important difference between the two on the dividend front. Nucor is a large company that moves slowly and deliberately. That includes on dividends. Over the past decade, its dividend has grown at around 4% a year on an annualized basis. That is faster than the historical growth rate of inflation, so the buying power of the dividend is increasing over time. However, this is a tortoise, not a rabbit. Steel Dynamics' dividend has grown at more than 10% a year. Compared to Nucor it is, indeed, a rabbit. That has a lot to do with Steel Dynamics' smaller size, since it is easier to grow a business when it is small than when it is large and mature. But Steel Dynamics is also a bit more aggressive, noting that it has just entered the aluminum market. Its aluminum business uses similar technology to its steel business, so this isn't a huge reach. But it shows clearly that Steel Dynamics is a far more aggressive business. Which steel mill is right for you? Nucor and Steel Dynamics have similarly attractive steel businesses. So the core business isn't likely to be the differentiating factor for investors. And they both have solid dividend histories behind them, though being a Dividend King clearly gives Nucor some bragging rights. Nucor's yield is around 1.8% today, which is higher than Steel Dynamics' 1.5%, with both being higher than the S&P 500's smaller average of 1.3%. The real difference here, however, is likely to boil down to the dividend growth rate, combined with the aggressiveness of management. If you are a conservative income investor who likes to buy reliable dividend stocks when they are out of favor, Nucor is likely to be the better choice. Notably, Nucor's stock has fallen 40% from its 2024 highs, which is actually a pretty normal drawdown for the stock. Steel Dynamics, which has more attractive growth prospects for its business (because it is smaller and because it is working to expand into aluminum), is only down around 10% over the same span. But if you are looking for rapid dividend growth, Steel Dynamics may be worth a premium price. That said, either choice will leave you owning a well-run U.S. steelmaker. Reuben Gregg Brewer has positions in Nucor. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY. Should you invest $1,000 in Nucor right now? Offer from the Motley Fool: Before you buy stock in Nucor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nucor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider whenNetflixmade this list on December 17, 2004... if you invested $1,000 at the time of our recommendation,you'd have $656,825!* Or when Nvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you'd have $865,550!* Now, it's worth notingStock Advisor's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you joinStock Advisor. See the 10 stocks »
