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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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Non-Residential Construction Likely to Lift Nucor Q3 Profits 

17 Sep 2020 - Nucor Corp. expects its third-quarter profits to notch up on continued resiliency in the non-residential construction market, the steelmaker said in its quarterly earnings forecast on Thursday. 

Chinese Steel Production Sets August Record

15 Sep 2020 - Healthy steel demand lifted China’s August crude steel output to a record 95 million metric tons, reports commodities news and pricing service Argus. 

Shifting Lifestyles Should Drive New Demand for Cars, Says AK Steel CEO

27 Aug 2020 - Automakers are likely to see new consumer demand for vehicles as the coronavirus pandemic has caused permanent lifestyle shifts in the U.S., according to Cleveland-Cliffs Inc. chairman and chief executive Lourenco Goncalves.

ArcelorMittal to Restart Idled Furnace, Announces Layoffs

05 Aug 2020 - ArcelorMittal is restarting an idled Indiana blast furnace as it repairs another unit damaged in a fire last month, reports The Times newspaper of northwest Indiana.

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