FLSmidth & vs US HRC Steel: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

FLSmidth & Co. (0OJA.LSE)

Q3 202613 Jul – 7 Sep 2026

▲4

FLSmidth raises guidance, expands business lines, and buys back shares

Full-year guidance raised on strong H1 orders FLSmidth lifted its 2026 outlook after Q2 order intake jumped 13% organically and revenue rose 16%, with profit up sharply. This tells investors demand is healthy and management is more confident, which supports a higher share price.
This is the biggest fundamental driver of the period, directly improving earnings expectations.
New fourth business line for crushing and screening FLSmidth will create a fourth business line focused on crushing, sizing and screening from January 2027. It groups repeatable products to boost aftermarket sales. Investors see this as a growth move that could lift future revenue and profit.
A structural change that expands the company's addressable market and aftermarket potential.
Lifecycle service agreement with Lloyds Metals in India FLSmidth signed a long-term service deal covering all its equipment at Lloyds Metals' Indian iron ore operations, including a new repair centre. Such agreements generate recurring revenue and deepen customer ties, supporting steady earnings growth.
Shows concrete demand for FLSmidth's high-margin service business, a key growth area.
Ongoing share buy-backs support the stock FLSmidth keeps repurchasing its own shares under a DKK 1.0 billion programme, now holding 7.65% of shares in treasury. Buy-backs reduce shares outstanding and signal confidence, which tends to lift the price over time.
A consistent capital return that supports the share price and shows management's confidence.

August 202613 Jul – 7 Sep 2026

▲4

FLSmidth raises guidance, expands business lines, and buys back shares

Full-year guidance raised on strong H1 orders FLSmidth lifted its 2026 outlook after Q2 order intake jumped 13% organically and revenue rose 16%, with profit up sharply. This tells investors demand is healthy and management is more confident, which supports a higher share price.
This is the biggest fundamental driver of the period, directly improving earnings expectations.
New fourth business line for crushing and screening FLSmidth will create a fourth business line focused on crushing, sizing and screening from January 2027. It groups repeatable products to boost aftermarket sales. Investors see this as a growth move that could lift future revenue and profit.
A structural change that expands the company's addressable market and aftermarket potential.
Lifecycle service agreement with Lloyds Metals in India FLSmidth signed a long-term service deal covering all its equipment at Lloyds Metals' Indian iron ore operations, including a new repair centre. Such agreements generate recurring revenue and deepen customer ties, supporting steady earnings growth.
Shows concrete demand for FLSmidth's high-margin service business, a key growth area.
Ongoing share buy-backs support the stock FLSmidth keeps repurchasing its own shares under a DKK 1.0 billion programme, now holding 7.65% of shares in treasury. Buy-backs reduce shares outstanding and signal confidence, which tends to lift the price over time.
A consistent capital return that supports the share price and shows management's confidence.

Latest13 Jul – 7 Sep 2026

▲4

FLSmidth raises guidance, expands business lines, and buys back shares

Full-year guidance raised on strong H1 orders FLSmidth lifted its 2026 outlook after Q2 order intake jumped 13% organically and revenue rose 16%, with profit up sharply. This tells investors demand is healthy and management is more confident, which supports a higher share price.
This is the biggest fundamental driver of the period, directly improving earnings expectations.
New fourth business line for crushing and screening FLSmidth will create a fourth business line focused on crushing, sizing and screening from January 2027. It groups repeatable products to boost aftermarket sales. Investors see this as a growth move that could lift future revenue and profit.
A structural change that expands the company's addressable market and aftermarket potential.
Lifecycle service agreement with Lloyds Metals in India FLSmidth signed a long-term service deal covering all its equipment at Lloyds Metals' Indian iron ore operations, including a new repair centre. Such agreements generate recurring revenue and deepen customer ties, supporting steady earnings growth.
Shows concrete demand for FLSmidth's high-margin service business, a key growth area.
Ongoing share buy-backs support the stock FLSmidth keeps repurchasing its own shares under a DKK 1.0 billion programme, now holding 7.65% of shares in treasury. Buy-backs reduce shares outstanding and signal confidence, which tends to lift the price over time.
A consistent capital return that supports the share price and shows management's confidence.

US HRC Steel (STEEL.COMM)

Q3 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

August 202624 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.

Latest24 Jun – 10 Sep 2026

▲2▼1

AI and reshoring demand support steel, but Chinese oversupply caps gains

AI infrastructure drives steel demand AI data centers need heavy structural steel for server racks, floors, and cooling. With 831 projects under construction globally, this new demand supports US HRC prices, especially for modern electric-arc producers like Nucor and Steel Dynamics.
This is a major new source of demand that lifts steel prices.
Capital shifts to real economy, boosting steel A strategist says US capitalism is moving from buybacks to building real assets like steel, copper, and power. This reshoring and supply-chain trend means more investment in steel capacity and higher demand for US HRC.
It signals a broad shift that increases steel demand and investment.
USMCA talks create tariff uncertainty US and Mexico will hold a fourth round of USMCA talks in September. Progress on steel trade is positive, but unresolved issues like Section 232 tariffs (50% on steel) and US content rules keep uncertainty high, which can sway steel prices both ways.
Trade policy directly affects steel flows and prices, and the outcome is unclear.
Chinese oversupply weighs on steel prices Thailand's construction material index shows steel prices fell 0.6% in August due to excess Chinese supply. This global glut, with projected excess capacity of 745 million tons by 2028, pressures US HRC prices by keeping a lid on global benchmarks.
It is a key counterweight that limits price gains from demand.