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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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TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors

31 Jul 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.

U. S. Steel Posts US$18 Million Net Loss in Second Quarter

30 Jul 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.

Carpenter Reports Improving Quarterly Results

30 Jul 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.

AK Steel Reports Improved Second Quarter Results

29 Jul 2014 - AK Steel reported its financial results for the second quarter of 2014.

Reliance Steel Reports Record Quarterly Sales in Q2

29 Jul 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.

SunCoke Energy Inc. Reports Second Quarter 2014 Results

28 Jul 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.

SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year

25 Jul 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.

Nucor Reports Improved Mill Performance in Second Quarter

24 Jul 2014 - As it reported its second quarter earnings results, Nucor said it expects to see a stronger improvement in earnings in the third quarter.

EUROFER: EU Recovery Taking Hold; Rising Imports May Absorb Growth in Steel Demand

23 Jul 2014 - Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest, EUROFER reports.

SDI Reports Record Shipments, Improved Metal Spreads in Q2

22 Jul 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.

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