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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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Nucor's Steel Mills Perfom Better Than Expected in Q3

23 Oct 2014 - As it reported its third quarter earnings results, Nucor said overall operating performance at its steel mills was much improved compared to the second quarter of 2014 due to increased profitability in sheet, structural, bar and plate steel.

ATI Announces Q3 2014 Results; Outlook Bright

22 Oct 2014 - As it reported its third quarter 2014 results, Allegheny Technologies Inc. said is is seeing a lot of global uncertainty in short cycle markets and expects to see cautious inventory management in the short term.

SDI Optimistic As It Announces Q3 Results

21 Oct 2014 - Steel Dynamics Inc. announced its results for the third quarter of 2014, including a short-term outlook.

Insteel Gives Quarterly Update, Provides Outlook

16 Oct 2014 - Insteel Industries Inc. announced financial results for its fourth quarter and fiscal year ended 27 September 2014.

Mechel Reports First Half 2014 Financial Results

15 Oct 2014 - Mechel OAO announced financial results for the first half of 2014.

Essar Steel Algoma Reports Increases in Shipments, Earnings

14 Oct 2014 - Essar Steel Algoma Inc. reported today CA$85.2 million in EBITDA for the three month period ended 30 September 2014.

EUROFER Market Update: EU Steel Imports Continue to Rise

14 Oct 2014 - The latest EU customs statistics show that third country imports remained on a rising trend in July and August: finished steel imports rose 32% year-on-year, compared with a 6% rise in Q1 and 33% rise in Q2, according to analysis from EUROFER.

GrafTech Provides Updated 2014 Guidance, Says Electrode Demand Weakening Outside U.S.

03 Oct 2014 - GrafTech International Ltd. has revised its 2014 guidance as a result of the continued pressure on products for the consumer electronics end market and a weakening in graphite electrode demand outside of the United States, causing delays in customer shipments in its Industrial Materials segment.

Carpenter Technology Provides Q1 Fiscal Year 2015 Outlook

02 Oct 2014 - Carpenter Technology Corporation announced that cost, output, and mix issues at its Specialty Alloys Operations (SAO) locations in Reading and Latrobe, Pa., will negatively impact the company's first quarter (Q1) fiscal year 2015 (FY15) earnings.

Essar Steel Algoma Reports Turning Performance Around

29 Sep 2014 - Essar Steel Algoma Inc. announced guidance for the second quarter FY2015 ending 30 September 2014. The announcement comes on the heels of the Ontario Superior Court of Justice’s 15 September 2014 approval of Algoma’s Plan of Arrangement, which paves the way for a comprehensive recapitalization and refinancing of the company’s capital structure.

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