Metallus (NYSE:MTUS) reported higher second-quarter sales and profitability, citing improved shipments, pricing, product mix and melt utilization as demand strengthened across several end markets. Metallus reported operating cash flow of $12.8 million during the quarter, driven by profitability and lower inventory. Metallus continues to expect approximately $70 million in capital expenditures for full-year 2026, including about $35 million primarily funded by the government. For the third quarter, Metallus expects shipments to be similar to the second quarter, while price and mix should be slightly better. During the quarter, Metallus repurchased approximately 190,000 common shares for $3.6 million.