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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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EU Recovery on a More Solid Footing — Risks Still Loom

24 Apr 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.

Nucor Reports Results for First Quarter of 2015

24 Apr 2015 - Nucor Corporation announced consolidated net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor reported net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.

Reliance Steel & Aluminum Co. Reports First Quarter 2015 Financial Results

24 Apr 2015 - Reliance Steel & Aluminum Co. reported its financial results for the first quarter ended March 31, 2015.

Steel Dynamics Reports First Quarter 2015 Results

22 Apr 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.

worldsteel Short Range Outlook 2015–2016

21 Apr 2015 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.

Insteel Industries Reports Second Quarter Financial Results

17 Apr 2015 - Insteel Industries, Inc. announced financial results for its second quarter ended March 28, 2015.

Modest Trade Recovery to Continue in 2015 and 2016 Following Three Years of Weak Expansion, Says WTO

15 Apr 2015 - Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8% in 2014 to 3.3% in 2015 and eventually to 4.0% in 2016, WTO economists announced 14 April.

Platts and Fenwei Partnership Launches New China Metallurgical Coal Assessments

13 Apr 2015 - Platts, a leading global energy and commodities information provider, and Shanxi Fenwei Energy Consulting Company, China's largest and most respected coal market information provider, have deepened their partnership to produce a new independent, editorially-assessed metallurgical coal price series for the Chinese domestic market.

Outokumpu CEO Comments on EU Anti-Dumping, Progress in Calvert

27 Mar 2015 - Outokumpu held its Annual General Meeting in Espoo, Finland, on 26 March 2015. During the meeting Outokumpu CEO Mika Seitovirta presented the financial results of the company for the year 2014, the market environment and Outokumpu’s continued measures to reach sustainable profitability and financial stability.

Steel Executives Bring Trade and Jobs Focus to Capitol Hill

26 Mar 2015 - Chief executives from three of the leading steel companies in the U.S told members of the Congressional Steel Caucus on 26 March 2015 that the government needs to dramatically improve policies on trade, investment in the workforce and infrastructure to ensure competitiveness and preserve American jobs in steel and other manufacturing sectors.

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