Steel News


Economy & Markets

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

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Russel Metals Benefitting from Strengthening Economy in U.S., Canada

19 Aug 2014 - Russel Metals Inc. announced second quarter 2014 earnings of US$31 million or US$0.50 per share on revenues of US$893 million reflecting strong operating margins in all segments.

Tata Steel Provides Update on Global Operations in Quarterly Report

18 Aug 2014 - Tata Steel Group declared its consolidated financial results for the quarter ended 30 June 2014.

Salzgitter Reports Results in Difficult Steel Market

15 Aug 2014 - The Salzgitter Group closed the first half of 2014 with a significant year-on-year improvement in its pre-tax result approximating breakeven.

Global Metals Deal Activity Rebounds in the Second Quarter of 2014

12 Aug 2014 - Merger and acquisition (M&A) activity in the global metals sector surged in the second quarter of 2014, showing robust growth from both a sequential and year-over-year basis as companies looked to acquire assets across key industries to strengthen their growth opportunities and drive higher-margin sales, according to PwC US.

Northwest Pipe Expects Low Margins as High Import Levels Impact Line Pipe Market

11 Aug 2014 - Northwest Pipe Company announced its financial results for the quarter ended 30 June 2014.

Olympic Steel Reports Record Net Sales

08 Aug 2014 - Olympic Steel, Inc., a national metals service center, announced financial results for the second quarter and six months ended 30 June 2014.

Alpha Natural Resources Downsizing West Virginia Mining Operations

08 Aug 2014 - Eight operating affiliates of Alpha Natural Resources, Inc. have notified their employees that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry.

ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements

05 Aug 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.

Universal Stainless Earnings Boosted by Increasing Demand from Aerospace

05 Aug 2014 - Universal Stainless & Alloy Products Inc. reported that net sales for the second quarter of 2014 were US$52.3 million, an increase of 12% from the first quarter of 2014 and 22% higher than the second quarter of 2013.

voestalpine Significantly Improves Results in First Quarter of 2014/15

05 Aug 2014 - “Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.

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