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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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Dongkuk Steel Set to Shut Down No. 2 Plate Mill

03 Jul 2015 - As reported by SteelFirst, Dongkuk Steel will shut down one of its two plate mills to cope with an oversupplied domestic market, it announced late on Thursday June 25.

Alpha Natural Resources Idles North Fork No. 7 Mine

26 Jun 2015 - Alpha Natural Resources said Monday is has idled the North Fork No. 7 metallurgical coal mine in Letcher County, Kentucky, says a report by Platts.

AK Steel Provides Second Quarter 2015 Earnings Guidance

25 Jun 2015 - AK Steel has provided guidance for its second quarter 2015 financial results.

SMS Group: Customers Remain Reluctant to Invest in New Plants

25 Jun 2015 - Order intake by the SMS group in the last business year declined to EUR 3.167 billion, (2013: EUR 3.309 billion). Sales, at EUR 3.406 billion, remained at the same level as the previous year (2013: EUR 3.495 billion).

Steel Dynamics Provides Second Quarter 2015 Earnings Guidance

23 Jun 2015 - Steel Dynamics, Inc. provided second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share, excluding the following items:

Most of U. S. Steel's Irvin Employees Back to Work at West Mifflin Plant

19 Jun 2015 - According to a report by the Pittsburgh Business Times, United States Steel Corporation's Irvin plant in West Mifflin is nearly fully staffed.

TMK IPSCO to Temporarily Shut Down Ambridge Mill For a Month in Line With $15 Million Renovation Plan

19 Jun 2015 - According to a report by the Pittsburgh Post-Gazette, TMK IPSCO said it will shut down its Ambridge, Pa., USA, seamless tube plant for a little more than a month this summer to make $15 million in improvements.

Nucor Announces Guidance For Its Second Quarter Earnings

19 Jun 2015 - Nucor Corporation announced guidance for its second quarter ending July 4, 2015.

Salzgitter AG Closes HSP Hoesch Spundwand un Profil GmbH

17 Jun 2015 - The Executive Board of Salzgitter AG took the decision in its meeting on 16 June 2015 to close down the operations of HSP Hoesch Spundwand und Profil GmbH (HSP), a wholly-owned subsidiary of Salzgitter AG.

Voestalpine Gets a Significant Boost in Earning in the Business Year 2014/15

12 Jun 2015 - In a global economic environment that is inconsistent, the voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).

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