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Economy & Markets

The latest headlines on the state of the economy and markets driving the supply and demand of steel.

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Report: China Steel Exports Reaching "Extraordinary" Levels

29 Jul 2015 - Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, according to a Bloomberg report. Meanwhile, the head of India’s third-biggest mill is decrying the impact of surging competition, it said.

Grupo Simec Announces Results for the First Six Months of 2015

28 Jul 2015 - Grupo Simec, S.A.B. de C.V. ("Simec") announced its results of operations for the sixth-month period ended June 30, 2015.

Reliance Steel & Aluminum Co. Posts Second Quarter 2015 Results

27 Jul 2015 - Reliance Steel & Aluminum Co. reported its financial results for the second quarter ended June 30, 2015.

Nucor Publishes Second Quarter Financial Results

27 Jul 2015 - Nucor Corporation presented their earnings report for the second quarter of 2015 on 23 July.

Outokumpu Reports EUR -25 Million Underlying EBIT for Q2 2015: Improvement in Coil EMEA Not Enough to Cover Losses in Coil Americas

24 Jul 2015 - Outokumpu released its interim report for the second quarter of 2015 on 23 July.

EVRAZ Releases Production Report for Second Quarter of 2015

24 Jul 2015 - EVRAZ plc released its operational results for the second quarter of 2015 on 17 July.

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 Jul 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

U. S. Steel Canada Attempting to Swap Financiers

22 Jul 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

Northwest Pipe Company to Explore the Sale of Its Energy Tubular Products Business

22 Jul 2015 - Northwest Pipe Company, an industry leader of engineered welded steel pipe products, announced it is in the process of exploring the sale of its remaining Energy Tubular Products business, which includes line, structural and standard pipe, and is located in Atchison, Kansas.

ArcelorMittal Announces Publication of Second Quarter 2015 EBITDA Sell-Side Analyst Consensus Figures on

21 Jul 2015 - ArcelorMittal announced their second quarter 2015 EBITDA sell-side analyst consensus figures on 20 July.

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