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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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PwC US: Metals Industry Saw Uptick in M&A Activity in Q4 2014

27 Feb 2015 - The metals sector recorded a significant increase in merger and acquisition (M&A) activity during the fourth quarter of 2014, but the year overall saw a decline in deal value compared to 2013, according to Forging Ahead, a quarterly analysis of the global deal activity in the metals industry by PwC US.

Olympic Steel Reports Record Q4 Sales

27 Feb 2015 - Olympic Steel Inc., a national metals service center, announced financial results for the fourth quarter and full year ended 31 December 2014.

Platts China Steel Sentiment Index Plunged in February

24 Feb 2015 - The outlook for China's steel market for the next 30 days is down on the back of weaker expectations for new domestic and export orders ahead of the long Chinese New Year holiday, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which reflects market participants' expectations.

ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014

24 Feb 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.

MMK to Maintain Production Volumes, Focus on Maximum Efficiency

10 Feb 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.

Timken Improves Fourth Quarter, Full-Year 2014 Results

02 Feb 2015 - The Timken Company reported fourth-quarter sales of US$762.2 million, up approximately 2% over the prior-year quarter.

Carpenter Technology Reports Second Quarter Results

30 Jan 2015 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2014.

SunCoke Energy Inc. Announces Fourth Quarter 2014 Results

30 Jan 2015 - SunCoke Energy Inc. announced its results for the fourth quarter and full year 2014.

SDI Reports 2014 Results; Expects Challenging Q1

29 Jan 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.

U. S. Steel Reports Highest Full-Year Net Income Since 2008

28 Jan 2015 - United States Steel Corporation reported its highest full-year net income since 2008 as the Carnegie Way delivered more earnings power.

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