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Economy & Markets

The latest on the economy's health and the markets driving the supply and demand of steel.

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U. S. Steel to Bring Gary Works BF Back Into Service 

01 Jul 2020 - United States Steel Corporation plans to restart an idled blast furnace on account of rising demand, reports The Times newspaper of northwest Indiana.

World Steel Sees Recovery in 2021

20 Jun 2020 - Steel producers throughout the world generally should see demand pick back up in 2021, but it could take at least two years for it to return to pre-pandemic levels, according to a World Steel Association (worldsteel) economic forecast. 

SDI Issues Q2 Guidance

19 Jun 2020 - Steel Dynamics Inc. (SDI) expects to report second-quarter earnings in the range of 29 cents to 33 cents per share, but is looking for business to improve as steel-consuming businesses resume operations.  

Nucor: Q2 Likely to Be Better Than Expected   

18 Jun 2020 -   Nucor Corp. is forecasting second-quarter earnings of 10 cents to 15 cents per diluted share, a better-than-expected result that is supported in part by non-residential construction demand, the company said Thursday. 

Flat-Rolled Demand Is Beginning to Improve, U. S. Steel Says

17 Jun 2020 - United States Steel Corporation expects to report a second-quarter loss, but said it believes the quarter will mark the bottom of this year’s COVID-19 downturn.  

China Closes in on Production Milestone

15 Jun 2020 - Through the first five months of 2020, China’s steel production is on pace to cross the 1-billion-metric-ton threshold this year, reports commodities news and pricing service Argus Media. 

Cleveland-Cliffs to Restart Iron Ore Mine as Demand Begins to Rebound

09 Jun 2020 - Iron ore miner and steelmaker Cleveland-Cliffs Inc. is resuming construction of its hot briquetted iron (HBI) plant in Ohio and moving up plans to restart an idled iron ore mine in Michigan. 

EU Steelmakers Push for Lower Import Limits

08 Jun 2020 - Europe’s leading steelmakers are calling on the European Commission to lower the limit on the amount of steel that can be imported tariff-free into the bloc, saying that a potential flood of inexpensive steel threatens an already imperiled industry. 

World Steel Association Looks for Steel Demand Rebound in 2021

04 Jun 2020 - Global steel demand is expected to contract 6.4% this year but might begin to rebound next year, according to a World Steel Association forecast. 

ArcelorMittal Still is the World's Biggest Steelmaker. For Now.

03 Jun 2020 - ArcelorMittal remained the world’s biggest steel producer in 2019, but China Baowu Group closed in on the top ranking during the year, according to a new report from the World Steel Association. 

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