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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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Ferriola Confident Big River Won't Drain Nucor's Business

21 Oct 2016 - Nucor Corp. is prepared to battle start-up Big River Steel, and, in fact, believes it has the upper hand on its new competitor, Nucor chief executive John Ferriola said Thursday.

With Low Oil Prices, U.S. Mills Lose Relative Energy Advantage

04 Oct 2016 - Not only have falling oil prices lowered the demand for steel pipe and tube, they’ve dulled a cost advantage U.S. steel producers had over their counterparts elsewhere in the world, according to an industry consultant.

Steel Construction Expected to Soften in 2017

04 Oct 2016 - There are many adjectives that will adequately describe the state of the steel construction markets in 2017, and none of them are particularly good, at least as the American Institute of Steel Construction sees it.

Analyst: Expect Tighter Competition in U.S. Sheet Market

04 Oct 2016 - Supply-side competition in the U.S. sheet market is likely to stiffen in the year ahead as new players enter the market and others become more aggressive, according to one analysts.

Chinese Steel Production Proving Difficult to Curb

27 Sep 2016 - If China really intends to cut its excess steelmaking capacity, then the effort is off to a lousy start, reports the Bloomberg news service.

Steel Dynamics Forecasts Rising Q3 Profits

20 Sep 2016 - U.S.-based Steel Dynamics Inc. said it expects to double its third-quarter per-share profit due to a widening gap between average steel prices and scrap costs.

Nucor Forecasts Rising Third-Quarter Earnings

15 Sep 2016 - Nucor Corp. said it expects to report third-quarter net earnings of between US$0.85 and US$0.90 per diluted share partly on account of improved profitability at its sheet mills and lessening pressure from imported products.

Amid Recession, Long Products Maker Gerdau Sending More Flat Steel Overseas

15 Sep 2016 - With the Brazilian economy in a deep recession, Gerdau SA is looking to sell flat steel into foreign markets, and is finding success.

Tenaris Plans November Restart of Idled Tube Mill

15 Sep 2016 - Tenaris plans to restart its idled seamless mill in Ontario, Canada, and is recalling between 120 and 150 union workers, the company has announced.

SAIL Records Fifth Straight Quarterly Loss, Forecasts Increasing Steel Demand

09 Sep 2016 - India’s largest steelmaker lost US$81 million in the first quarter of its fiscal year, but is forecasting increasing demand and is advancing plans to boost capacity, reports the Bloomberg news service.

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