SMU: Sims Ltd ups earnings guidance for fiscal 2026
The increase in estimated earnings in the US is mostly associated with nonferrous metal recycling, mainly copper and aluminum.
The increase in estimated earnings in the US is mostly associated with nonferrous metal recycling, mainly copper and aluminum.
Steel Dynamics will relocate a planned Arizona recycled aluminum slab casting center to Mississippi after citing risks tied to differences with Arizona officials and recording a $16 million write-down.
“The timing of our Mt. Holly restart could not be better...providing additional American metal units to the domestic market,” CEO Jesse Gary said.
Ball reported modest shipment growth and higher earnings, with North American volumes constrained by limited capacity and strong contract coverage.
Hydro's Q1 results show higher prices supporting margins despite weaker North American demand and ongoing Middle East curtailments.
Ford and GM's results show earnings supported by tariff timing and mix, while volumes, inventory, and cash flow point to a constrained supply and uneven demand.
Constellium held shipments flat in Q1 as automotive sheet constraints reshaped mix, while higher metal prices and scrap spreads supported earnings.
Gränges posted higher first-quarter volumes on market share gains, while pricing and mix in the Americas drove most of the profit growth despite weak end markets.
Kaiser Aluminum reported higher Q1 shipments and conversion revenue, led by aerospace and packaging, and raised its 2026 outlook.
First-quarter earnings show aluminum markets identifying supply risk across value-added products, but not yet experiencing measurable disruption.