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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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Healthier Markets Push Up Gerdau's Q3 Profits

13 Nov 2017 - Rising shipments and increased and sales, along with a companywide effort to reduce costs, lifted Gerdau SA’s third-quarter profits by 53%, the company reported. 

Improved Market Lifts ArcelorMittal's Q3 Profits

10 Nov 2017 - The world’s largest steelmaker saw its third-quarter profits rise 75% on higher sales and shipments, ArcleorMittal reported on Friday. 

Accumulating Scrap in China Could Reduce Demand for Coal, Coke

09 Nov 2017 - China’s scrap reservoir could more than double over the next eight years and enable a rise in electric arc furnace steelmaking – and drive a reduction in iron ore, coal and coke demand, according to Joseph Poveromo, president of Raw Materials & Ironmaking Global Consulting.

Imports Dampen Nucor Earnings

20 Oct 2017 - Nucor Corp. saw its third-quarter profits reduced by 12% as import pressures prevented it from recovering rising raw material costs, the steelmaker said Thursday .

Improved Sales Lift Cleveland-Cliffs Q3 Profits

20 Oct 2017 - Iron ore miner Cleveland-Cliffs Inc. posted a profitable third quarter on better demand and prices. 

Steel Imports, Refinancing Mute Steel Dynamics' Q3 Profits

19 Oct 2017 - Third-quarter profits at Steel Dynamics Inc. slipped 2.5% on costs associated with debt refinancing and competition from imports, which limited price increases, the company announced Thursday. 

Forecast: The World Will Demand More Steel in 2018

16 Oct 2017 - Global steel demand is projected to reach 1.62 billion tons this year and grow 1.6% in the following year, according to a new short-range forecast from the World Steel Association.

Report: The World Still Has Too Much Steel Capacity

11 Oct 2017 - The steel industry has about 330 million metric tons of capacity to spare, with more set to come on-line within the next two years, reports the Reuters news service. 

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