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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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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.

SDI Provides Q3 2014 Earnings Guidance

19 Sep 2014 - Steel Dynamics Inc. provided third quarter 2014 earnings guidance, noting that demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve.

Nucor Announces Guidance for Q3 Earnings

18 Sep 2014 - Nucor Corporation announced guidance for its third quarter ending 4 October 2014.

U. S. Steel Announces Strategic Actions to Strengthen Company; Updates Q3 Outlook

17 Sep 2014 - United States Steel Corporation announced three key strategic actions that support its transformation:

SMU Steel Summit 2014 Explores State of Steel Markets

16 Sep 2014 - Imports and exports. Non-residential construction and housing starts. GDP and geopolitics. Global steel and raw materials pricing, risk and forecasts. All of this and much more was discussed in depth during Steel Market Update’s fourth annual Steel Summit in Atlanta, Ga., USA, on 3–4 September 2014. This was the first two-day conference for the Steel Summit, and nearly 200 people attended.

Platts China Steel Sentiment Index Indicates Weak Demand, Price Outlook

10 Sep 2014 - The health of China's steel sector may be poised for a less than robust immediate future, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a September reading of 45.88 out of a possible 100 points.

IREPAS: Challenging Times in Global Longs Market Despite Demand Improvement

09 Sep 2014 - There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period, IREAPS said in its September 2014 Short Range Outlook.

ArcelorMittal Announces 700 New Jobs in France

05 Sep 2014 - ArcelorMittal announced 700 new jobs will be created at its French sites in 2014.

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.

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