Norsk Hydro ASA0Q11
▼ NegativeCapitalSupplyrelevance
J.P. Morgan downgraded Norsk Hydro to Neutral and cut its price target to 97 NOK from 116 NOK on Q4 EBITDA risks.
Impact on stocks 2
Critical Materials & Supply Chain▼ · 1 stocks
Norsk Hydro ASADigital Finance & Tokenization▲ · 1 stocks
JPMorgan Chase & CoJPM
Mentioned
Theme Impact 1
Off-coverage companies 1
Alunorte (Alumina do Norte do Brasil S.A.)Private▼ Negative
Supplyrelevance
Alunorte's disrupted natural gas supply led to a temporary curtailment and lost alumina production.
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Tata Steel Seeks Fresh Government Funding as Port Talbot EAF Delayed
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Commercial Metals Targets Over $350 Million in TAG Program EBITDA Benefits by Fiscal 2027
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Steel Dynamics Guides Q3 Earnings to $5.34-$5.38 Per Share
Steel Dynamics expects third-quarter 2026 earnings of $5.34-$5.38 per share, well above the $3.69 it reported in the second quarter and the $2.74 it posted in the year-ago quarter. The company said stronger steel metal margins, record shipments, higher realized selling prices and lower scrap costs are projected to drive the significant sequential improvement in steel operations profitability, with healthy order activity, solid end-market demand and low customer inventories also supporting pricing conditions. Steel fabrication earnings are expected to improve modestly on higher shipments despite narrower metal spreads, and the backlog is nearly 50% above prior-year levels and extends through the first quarter of 2027, supported by demand from commercial construction, data centers, manufacturing and healthcare. Metals recycling earnings are expected to decline sequentially on lower metal spreads and slightly weaker shipments, while aluminum earnings are expected to improve meaningfully on higher shipments as the company advances its Columbus, MS aluminum flat rolled mill, where all three cold mills are operational and the first Continuous Annealing and Solution Heat line is expected to ship commercial material in the fourth quarter. Steel Dynamics has repurchased $261 million, or just under 1% of its common stock, so far in the third quarter, and is scheduled to report third-quarter 2026 results after market close on Oct. 19, 2026.