Steel News


Economy

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

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SDI Impacted by Winter Weather, but Confident in Broad Economic Recovery

17 Apr 2014 - Steel Dyanamics Inc.announced its first quarter results which were affected by uncharacteristically severe and prolonged winter weather conditions that resulted in increased energy costs, reduced production, diminished availability of transportation and lower shipments.

EUROFER: EU Recovery is Broadening, Steel Market Balance Will Remain Fragile

17 Apr 2014 - Strengthening indicators and evidence of improving dynamics suggest that the EU economy is well on track for recovery this year and into 2015, EUROFER says.

Outokumpu Cautiously Optimistic; Sees Modest Improvement in Underlying Market Demand

14 Apr 2014 - In his review at the company's annual general meeting on 14 April, CEO Mika Seitovirta presented Outokumpu’s results and market environment in 2013 as well as the measures Outokumpu has taken to improve its financial position and profitability.

Carpenter Technology Provides Update on Expected Third Quarter Earnings

11 Apr 2014 - Carpenter Technology Corp. said weather-related expenses in the first quarter of the year were roughly double what it expected, negatively impacting earnings.

Metinvest Announces Results for Full Year 2013

11 Apr 2014 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announced its audited consolidated financial results for the 12 months ended 31 December 2013.

worldsteel Gives Short Term Outlook for Global Steel Demand in 2014–2015

09 Apr 2014 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2014 and 2015, forecasting that global apparent steel use will increase by 3.1% to 1,527 million metric tons in 2014 following growth of 3.6% in 2013.

Schnitzer Steel Reports Continued Improvement in Steel and Recycling Businesses

03 Apr 2014 - Despite volatile market conditions and severe winter weather, Schnitzer Steel Industries reported solid demand and stable pricing in its Steel Manufacturing Business during its fiscal second quarter, reflecting continued improvement in the West Coast construction markets.

CMC Provides Economic Outlook as It Reports Quarterly Earnings

31 Mar 2014 - Commercial Metals Company announced financial results for its second quarter ended 28 February 2014.

Fairly Bullish Outlook Given for North American Steel Market at Platts' Steel Conference

27 Mar 2014 - While there is some uncertainty about the prospects for the global steel industry this year, the outlook for the North American market is a bit rosier, according to speakers at Platts’ 10th Annual Steel Markets North America Conference, held 19–20 March 2014 in Chicago.

Ternium Mexico CEO Opens 6th Annual CONAC Conference and Exposition

25 Mar 2014 - The opening session of CONAC 2014 — 6th Steel Industry Conference and Exposition took place on Monday morning, 24 March, at Cintermex in Monterrey, N.L. Mexico. CONAC is sponsored by AIST’s Mexico Member Chapter.

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