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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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ArcelorMittal's U.S. Employees Need To Share More Of The Cost of Health Insurance, Company Says

03 Aug 2015 - Steel giant ArcelorMittal, which is negotiating a new labor deal with the United Steelworkers, said it needs to freeze or cut pay for some employees and require others to contribute more to the cost of their health insurance, according to the Wall Street Journal.

It Costs More To Fix Ford's Aluminum F-150 Than The Steel Version, Says Insurance Institute

31 Jul 2015 - Body repairs to an aluminum 2015 Ford F-150 took longer and cost 26 percent more than repairs to its 2014 steel-bodied counterpart, according to test results from the Insurance Institute for Highway Safety.

Report: China Steel Exports Reaching "Extraordinary" Levels

29 Jul 2015 - Steel exports from China have increased to extraordinary levels as demand in the world’s largest producer slows, according to a Bloomberg report. Meanwhile, the head of India’s third-biggest mill is decrying the impact of surging competition, it said.

Grupo Simec Announces Results for the First Six Months of 2015

28 Jul 2015 - Grupo Simec, S.A.B. de C.V. ("Simec") announced its results of operations for the sixth-month period ended June 30, 2015.

Reliance Steel & Aluminum Co. Posts Second Quarter 2015 Results

27 Jul 2015 - Reliance Steel & Aluminum Co. reported its financial results for the second quarter ended June 30, 2015.

Nucor Publishes Second Quarter Financial Results

27 Jul 2015 - Nucor Corporation presented their earnings report for the second quarter of 2015 on 23 July.

Outokumpu Reports EUR -25 Million Underlying EBIT for Q2 2015: Improvement in Coil EMEA Not Enough to Cover Losses in Coil Americas

24 Jul 2015 - Outokumpu released its interim report for the second quarter of 2015 on 23 July.

EVRAZ Releases Production Report for Second Quarter of 2015

24 Jul 2015 - EVRAZ plc released its operational results for the second quarter of 2015 on 17 July.

Steel Dynamics Inc. Announces Second Quarter 2015 Results

23 Jul 2015 - Steel Dynamics, Inc. announced second quarter 2015 adjusted net income of $53 million, or $0.22 per diluted share, and adjusted operating income of $120 million, which excludes the following items:

U. S. Steel Canada Attempting to Swap Financiers

22 Jul 2015 - According to a report by the CBC, after fielding threats their financing would be cut, U.S. Steel Canada is filing to replace its original bankruptcy lender, U.S. Steel (USS), with Brookfield as the creditor for a unique line of credit for bankruptcy proceedings, called debtor in possession (DIP) financing.

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