Note: The start time of the fiscal year of each company is different from the natural year, so there may be inconsistencies between the fiscal quarter and the year and the natural year. Companies may report their results on a quarterly or semi-annual basis.
Steel, metals
Baosteel released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 163.251 billion yuan (about 22.9 billion US dollars), a year-on-year decrease of 3.89%; In the same period, the net profit attributable to shareholders of listed companies was 4.545 billion yuan, a slight decrease of 0.17% year-on-year.
TISCO Stainless Steel discloses its 2024 semi-annual report. The company's operating income in the first half of the year was 49.714 billion yuan (about 6.98 billion US dollars), a year-on-year decrease of 7.35%; The net profit was 139 million yuan, compared with a loss of 495 million yuan in the same period last year.
Masteel released its 2024 semi-annual report. The company's operating income in the first half of the year was 43.007 billion yuan (about 6.04 billion US dollars), a year-on-year decrease of 12.19%; The net loss attributable to the parent company was 1.145 billion yuan.
ArcelorMittal announces results for the second quarter and first half of 2024. Quarterly sales were $16,249 million, compared to $18,606 million in the same period last year. Operating profit for the quarter was $1,046 million, compared to $1,925 million in the year-ago quarter. Net income attributable to shareholders of the parent company for the quarter was $504 million, compared to $1.86 billion in the year-ago quarter. In the first half of the year, sales were US$32.531 billion, operating profit was US$2.118 billion, and net profit attributable to shareholders of the parent company was US$1.442 billion.
Japan Steel announced its results for the first fiscal quarter ended June 30, 2024. Quarterly revenue was 2,191.509 billion yen (about $15 billion), compared to 2,199.786 billion yen in the same period last year. Operating profit for the quarter was 236.977 billion yen, compared to 248.7 billion yen in the same period last year. Net income attributable to owners of the parent company for the quarter was 157.559 billion yen, compared to 177.064 billion yen in the same period last year.
Posco Holdings announced its results for the second quarter of 2024. Group revenue for the quarter was 18,510 billion won (about $13.8 billion), compared with 20,121 billion won in the same period last year. Among them, the consolidated revenue of the steel business was 15,449 billion won (about 11.5 billion US dollars), compared with 16,547 billion won in the same period last year. The Group's operating profit was 752 billion won, compared to 1,326 billion won in the same period last year. Net profit from continuing operations was 530 billion won, compared to 690 billion won in the same period last year.
thyssenkrupp announces its results for the first nine months of the fiscal year ended June 30, 2024. Sales for the period were 26.231 billion euros (approximately $29.0 billion), compared to 28.723 billion euros in the same period of the previous year. EBITDA profit for the period was 787 million euros, compared to 1,396 million euros in the prior-year quarter. Net loss attributable to shareholders of the company for the period was 446 million euros, compared to a net loss of 64 million euros in the prior-year quarter.
JFE Holdings, Inc. Announced results for the first fiscal quarter ended June 30, 2024. Quarterly revenue was 1,211.141 billion yen (about 8.3 billion U.S. dollars), compared to 1,262.086 billion yen in the same period last year. Net income attributable to owners of the parent company for the quarter was 27,516 million yen, compared to 59,602 million yen in the same period last year.
Nucor Steels reports results for the second quarter and first half of 2024. Net sales for the quarter were $8,077 million, compared to $9,523 million in the year-ago quarter. Net income attributable to shareholders of the Company for the quarter was $645 million, compared to $1,461 million in the year-ago quarter. Net sales in the first half of the year were US$16.214 billion, and net profit attributable to shareholders of the company was US$1.49 billion.
Aluminum Corporation of China released its 2024 semi-annual report. In the first half of the year, the operating income was 110.718 billion yuan (about 15.5 billion US dollars), a year-on-year decrease of 17.41%; net profit attributable to shareholders of listed companies was 7.016 billion yuan, a year-on-year increase of 105.36%.
Valin Steel released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 75.67 billion yuan (about 10.6 billion US dollars), a year-on-year decrease of 4.54%. The net profit attributable to shareholders of the listed company was 1.331 billion yuan, a year-on-year decrease of 48.16%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 1.163 billion yuan, a year-on-year decrease of 53.26%.
China Hongqiao announced its interim results for the six months ended June 30, 2024. The Group's revenue was RMB73.592 billion (approximately US$10.3 billion), an increase of 11.95% year-on-year; Profit attributable to owners of the company was 9.155 billion yuan, an increase of 272.66% year-on-year.
Cleveland-Cliffs reports results for the second quarter and first half of 2024. Quarterly revenue was $5,092 million, compared to $5,984 million in the year-ago quarter. Operating profit for the quarter was $6.0 million, compared to $483 million in the year-ago quarter. Net income attributable to shareholders of the Company for the quarter was $2 million, compared to $347 million in the year-ago quarter. In the first half of the year, the revenue was US$10.291 billion, the operating loss was US$32 million, and the net loss attributable to shareholders of the company was US$65 million.
Norsk Hydro announces results for the second quarter and first half of 2024. Quarterly revenue was 50,944 million Norway kronor (approximately $4,785 million), compared to 53,630 million Norway kronor in the same period last year. Quarterly adjusted EBITDA profit was 5,839 million Norway kroner, compared to 7,098 million Norway kronor in the prior-year quarter. Net profit for the quarter was 1,421 million Norway kroner, compared to 5,056 million Norway kronor in the prior-year quarter. Revenue for the first half of the year was 98.49 billion Norway kronor (about 9.249 billion US dollars), adjusted EBITDA profit was 11.25 billion Norway kronor and net profit was 1.849 billion Norway kroner.
voestalpine announces its results for the first fiscal quarter ended June 30, 2024. Quarterly revenue was 4.146 billion euros (about 4.58 billion US dollars), compared with 4.446 billion euros in the same period last year, a year-on-year decrease of 6.7%. EBITDA profit was 417 million euros, compared to 499 million euros in the prior-year quarter, down 16.5 percent year-on-year. Profit after tax for the quarter was 150 million euros, compared to 213 million euros in the prior-year quarter, down 29.7 percent year-on-year.
United States Steel Corporation reports results for the second quarter and first half of 2024. Net sales for the quarter were $4,118 million, compared to $5,008 million in the year-ago quarter. Net income attributable to the Company for the quarter was $183 million, compared to $477 million in the year-ago quarter. Net sales in the first half of the year were US$8.278 billion, and net profit attributable to shareholders of the company was US$354 million.
HBIS disclosed its 2024 semi-annual report. In the first half of the year, the operating income was 58.821 billion yuan (about 8.258 billion US dollars), a year-on-year decrease of 8.6%; The attributable net profit was 413 million yuan, a year-on-year decrease of 19.11%.
KOBE STEEL, LTD. Announced results for the first fiscal quarter ended June 30, 2024. Net sales for the quarter were 590.733 billion yen (about 4.05 billion U.S. dollars), compared to 598.689 billion yen in the same period last year. Operating profit for the quarter was 31.072 billion yen, compared to 34.04 billion yen in the same period of the previous year. Net income attributable to owners of the parent company for the quarter was 24,044 million yen, compared to 25,451 million yen in the same period of the previous year.
Shougang announced its results for the first half of 2024. The company achieved operating income of 56.684 billion yuan (about 7.958 billion US dollars), a year-on-year decrease of 1.19%; The net profit attributable to the parent company was 394 million yuan, a year-on-year decrease of 3.8%.
Anshan Iron and Steel Co., Ltd. released its 2024 semi-annual report. The company's operating income in the first half of the year was 55.449 billion yuan (about 7.785 billion US dollars), a year-on-year decrease of 5.74%; The net loss attributable to the parent company was 2.689 billion yuan, a year-on-year decrease of 99.78%.
Shandong Iron & Steel announced its 2024 semi-annual report. During the reporting period, the company achieved operating income of 45.215 billion yuan (about 6.348 billion US dollars), a year-on-year decrease of 3.73%. The net loss attributable to owners of the parent company was 968 million yuan.
United States Aluminum reports results for the second fiscal quarter of 2024. Quarterly revenue was $2,906 million, compared to $2,684 million in the year-ago quarter. Net income attributable to the Company for the quarter was $20 million, compared with a net loss of $102 million in the year-ago quarter.
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