Kanadevia Corporation7004
± MixedCapitalrelevance
Kanadevia's planned business integration with Nippon Steel Engineering has collapsed over disagreement on terms.
Impact on assets 2
Energy Transition & Power Demand
Kanadevia CorporationCritical Materials & Supply Chain
NIPPON STEEL CORP.5401
± MixedCapitalrelevance
Merger talks between its subsidiary Nippon Steel Engineering and Kanadevia have fallen through, a failed M&A event.
Theme Impact 1
Off-coverage companies 1
Nippon Steel Engineering (日鉄エンジニアリング)i
Private± MixedCapitalrelevance
Nippon Steel Engineering's merger talks with Kanadevia ended without agreement.
Related news
Japan▲
Sankyo Tateyama Hits Limit Up as Q1 Operating Profit Reaches 2.64 Billion Yen, 66% of Full-Year Target
Sankyo Tateyama hit limit up. In its first-quarter earnings released the previous day, operating profit came to 2.64 billion yen, a sharp turnaround from the 1.16 billion yen loss in the same period a year earlier. Against the unchanged full-year forecast of 4 billion yen, which is 2.6 times the prior year's result, the progress rate has reached 66%, signaling expectations of a substantial earnings beat. The strong results were driven by higher sales linked to the aluminum ingot market, price revisions, foreign exchange effects in its international business, and increased volumes, particularly in the automotive sector.
About megatrends
Critical Materials & Supply Chain › Structural Products, Fabrication & Metal Processing ▲Demand
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) Demand
5932.JP · Capital · Positive Q1 operating profit of 2.64B yen swung from a 1.16B yen loss and reached 66% of the unchanged full-year target, signaling a likely earnings beat.
United States
Germany▼
Worthington Steel Misses Q1 Estimates as Kloeckner Acquisition Lifts Revenue 212%
Worthington Steel reported first-quarter fiscal 2027 adjusted earnings per share of $0.57, missing the analyst consensus of $0.68 by $0.11, sending shares down 1.5% after hours on Wednesday. Revenue surged 212% year over year to $2.73 billion from $872.9 million, driven primarily by the inclusion of Kloeckner & Co following the company's majority acquisition completed on June 3, 2026; Kloeckner contributed $1.77 billion to net sales in the quarter. Excluding Kloeckner's impact, revenue increased 9% compared to the prior year quarter on higher direct volumes and improved pricing, with direct tons sold up 3% and direct selling prices up 6%. Adjusted EBIT reached $78.5 million, up from $55.5 million a year earlier, but the company reported a net loss attributable to controlling interest of $7.0 million, or -$0.14 per diluted share, compared to net earnings of $36.8 million, or $0.73 per share, in the prior year quarter, impacted by approximately $43 million in inventory fair value step-up costs related to the Kloeckner acquisition. Worthington Steel ended the quarter with total debt of $2.20 billion and cash of $248.2 million, resulting in net debt of $1.95 billion, and declared a quarterly dividend of $0.16 per share payable December 28, 2026.
About megatrends
Critical Materials & Supply Chain › Structural Products, Fabrication & Metal Processing ▼Capital
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) Capital
WS · Capital · Negative Worthington Steel missed Q1 EPS estimates ($0.57 vs $0.68 consensus) and posted a net loss of $7.0 million due to Kloeckner acquisition inventory step-up costs.
GlobalJapanUnited States
China▲2
Japan, US, Europe and 28 Countries and Regions Agree on Common Framework to Monitor Steel Transshipment
Japan, the United States, Europe and 28 other countries and regions held a ministerial meeting on September 30 and agreed on a comprehensive framework to monitor "transshipment" of steel routed through third countries. The measure is aimed at China, and will gather information such as the country where melting and casting took place to ensure transparency in distribution channels. They will share information on the place of production, work to build and strengthen a steel import monitoring system, and exchange information on trade suspected of being transshipped in order to address it. To deal with the damage to domestic steel industries from the influx of cheap steel products, they will take measures such as anti-dumping measures and countervailing duties when appropriate. The 28 countries and regions adopted a ministerial statement at a meeting held alongside the Group of 20 trade ministers' meeting, warning that government subsidies and other support protect unprofitable production capacity, distort trade and weaken market-based producers around the world.
About megatrends
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) ▲Regulation
Critical Materials & Supply Chain › Primary Steel & Aluminum Smelting ▲Regulation
Critical Materials & Supply Chain › Structural Products, Fabrication & Metal Processing ▲Regulation
STEEL · Tariff · Positive Framework targets Chinese steel transshipment with anti-dumping/countervailing duties, curbing cheap imports and supporting US HRC steel prices.
Brazil
Luxembourg▲
ArcelorMittal Targets $961M Expansion of Brazil's Pecém Steel Mill
ArcelorMittal SA is aiming to reach a final investment decision by the end of the year on a 5B-real ($961M) expansion of its Pecém steel mill in Brazil, according to Bloomberg News, citing Jorge Oliveira, Chief Executive Officer of the company's Brazilian operations. Speaking on the sidelines of a steel conference in São Paulo, Oliveira said the proposed project would add a hot-rolled coil production line with an annual capacity of 1.5M tons at the facility in the northeastern state of Ceará. The capital expenditure plan reflects ArcelorMittal's strategy to move up the value chain in South America by transforming Pecém's primary slab output into higher-margin rolled steel products. If approved by the board before year-end, construction would mark one of the largest industrial steel investments in the region in recent years.
About megatrends
Critical Materials & Supply Chain › Structural Products, Fabrication & Metal Processing ▲Supply
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) Supply
Critical Materials & Supply Chain › Primary Steel & Aluminum Smelting ▲Supply
MT.AS · Capital · Positive ArcelorMittal targets a $961M capex expansion of its Pecém mill, adding a 1.5M-ton hot-rolled coil line to move up the value chain.
United States▲impact 4
Metallus Wins $995 Million Defense Logistics Agency Steel Contract, Gets $125 Million Initial Order
Metallus has been awarded a single-award, firm-fixed-price Indefinite Delivery/Indefinite Quantity contract by the U.S. Defense Logistics Agency to supply steel for critical defense applications, with a maximum ceiling of $995 million over a five-year ordering period. The ceiling represents the maximum amount the DLA may order over the contract term and is not a commitment to purchase that amount. On September 29, 2026, Metallus received an initial delivery order under the contract valued at approximately $125 million, and the company has up to 24 months to fulfill each delivery order. Chief executive officer Mike Williams said the award and initial order mark another key step in the continued transformation of Metallus and reflect the company's proven ability to produce specialty steel that meets the rigorous performance, quality and traceability requirements of critical defense applications. Metallus, based in Canton, Ohio, employs approximately 1,850 people and had sales of $1.2 billion in 2025.
About megatrends
Critical Materials & Supply Chain › Structural Products, Fabrication & Metal Processing ▲Demand
Defense & Geopolitical Fragmentation › Sovereign Supply — Minerals & Reshoring Industrials ▲Demand
Critical Materials & Supply Chain › Magnets, Metals & Alloys Demand
Critical Materials & Supply Chain › Primary Steel & Aluminum Smelting ▲Demand
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) Demand
MTUS · Demand · Positive Metallus won a $995M DLA steel contract and a $125M initial delivery order for defense applications.