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Economy & Markets

The latest on the economy's health and the markets driving the supply and demand of steel.

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Steel Dynamics' Third-Quarter Earnings Expected to Miss Forecast

20 Sep 2017 - Steel Dynamics Inc. said it expects to report third-quarter earnings of between 61 cents and 65 cents per share, missing analysts’ expectations. 

Chinese Steel Production Sets August Record

14 Sep 2017 - China’s steel output climbed to another new monthly record in August as mills cranked out 74.59 million metric tons, reports the Bloomberg news service. 

Moody's: U.S. Steel Market is 'Stable'

08 Sep 2017 - Credit ratings agency Moody’s has given the U.S. steel industry a stable forecast over the next 12 to 18 months on improved capacity utilization, higher prices and better demand in some end markets. 

Concrete Poses Solid Competition to Steel

30 Aug 2017 - As a building material, steel is facing increasing competition from concrete, partly on account of its better fire resistance. But the industry is taking steps to resharpen steel's edge as the go-to material for buildings and bridges, reports the Bloomberg news service.

Mills Grapple With Graphite Electrode Shortage

22 Aug 2017 - Tight supplies of a key material and rising electric arc furnace steel production are crimping availability of graphite electrodes, sending prices through the roof, according to news and pricing service S&P Global Platts.  

BlueScope Steel Names New Chief Executive

21 Aug 2017 - Australia’s BlueScope Steel Ltd. has a named a company veteran to succeed chief executive Paul O’Malley, who is set to retire at the end of the year. 

IMF: China's Steel Capacity Reductions Have Had 'Muted' Impact

15 Aug 2017 - The International Monetary Fund said China’s efforts to cut excess steel and coal capacity have had a "muted" impact on its production and that the country could stand to make more aggressive cuts. 

Policy Fuels China's Rising Iron Ore, Steel Prices

08 Aug 2017 - Iron ore and steel prices are rising in China as government policies have helped to tighten supply and increase demand, reports the Bloomberg news service. 

Tenaris Posts US$73 Million Profit on Rising North America Tube Sales

04 Aug 2017 - Tubemaker Tenaris SA saw sales of seamless and welded tube increase 31% to 624,000 tons in the second quarter, the company reported. 

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