PR Newswire·Nov 11, 2026, 10:00 AM ET

Firm Steel Prices, Softer Aluminum and New Copper Spending Mark a Busy Stretch for Metals

Third-quarter reports indicate steel & aluminum prices are moving in opposite directions, with carbon steel prices rallying to multi-year highs while aluminum prices trend lower.
Strong steel demand, trade policies, tight domestic supply, extended lead times & low service center inventories are driving the carbon price rally.
ArcelorMittal reported third-quarter EBITDA of $2.0 billion (up 34% year-on-year) & adjusted net income of $0.9 billion, citing early impacts of enhanced EU trade measures on European flat steel shipments.
Steel Dynamics authorized a new $3.0 billion share repurchase program effective immediately & declared a quarterly cash dividend of $0.53 per share.
Ryerson Holding reported third-quarter revenue of $2.18 billion & net income of $32.0 million, exceeding guidance & realizing $13 million in synergy benefits.
Constellium raised its full-year 2026 Adjusted EBITDA guidance to $1.03–$1.06 billion & expects Free Cash Flow to exceed $300 million.
Rio Tinto approved a $144 million investment for the Resolution Copper project in Arizona & opened new lithium operations in Argentina that will add 25,000 tonnes of annual capacity.
Aluminum prices remain volatile & trended lower due to normalizing future supply expectations, while copper & lithium sectors focus on new capital commitments.
The article notes that metals stocks can move based on quarterly reports, trade decisions, or chart levels, & promotes a free guide from Stock Preachers for readers.