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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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European Industries Pressing EU to Deny China Market Economy Status

08 Feb 2016 - European manufacturers and union laborers, including those in the steel sector, are planning to march in Brussels next week to voice opposition to granting China market economy status.

ArcelorMittal Posts US$7.9B Loss in 2015

05 Feb 2016 - ArcelorMittal, the world’s largest steelmaker, lost US$7.9 billion in 2015 on lower prices and large write-downs in its iron ore business.

Write-downs, Restructuring Costs Help Push Tata Steel's Q3 Earnings into the Red

04 Feb 2016 - Tata Steel Ltd. lost Rs 2,127 crore in its third quarter as it continues to face low prices and competition from imports.

As Power Prices Rise and Steel Prices Fall, ArcelorMittal Considers Future of South African Mill

04 Feb 2016 - ArcelorMittal’s South African division said it expects to record a headline loss of 1,250 cents per share in 2015 and is rethinking its investment in its ultrathin hot rolled coil mill along the country’s west coast.

ArcelorMittal Might Part With U.S. Rail Mill and Other Long Products Facilities

03 Feb 2016 - ArcelorMittal, the world’s largest steelmaker, is considering a sale of its Pennsylvania, USA, rail mill, along with other U.S. long steel assets.

Analysts: Expect a Challenging Year, But Some Slight Production Growth Is Likely

01 Feb 2016 - The world’s steel industry is projected to grow slightly in 2016, with production rising by around 0.15 percent, according to newspaper survey of analysts.

Japan's No. 1 Steelmaker Looks to Acquire Rival Nisshin Steel

01 Feb 2016 - Two of Japan’s largest steelmakers are planning to combine as they try to ride out the low prices brought on by excess capacity.

More Layoffs Planned at Kentucky Tube Mill

28 Jan 2016 - TMK IPSCO has given notice that it intends to lay off 126 employees at its Wilder, Ky., USA, tube mill.

Tenaris Closing U.S. OCTG Couplings Plant

27 Jan 2016 - OCTG producer Tenaris is planning to mothball its couplings facility in Houston, Texas, USA, by the end of March, the company has announced.

EUROFER: EU Steel Demand May Grow in 2016, But Uncertainty Abounds

27 Jan 2016 - Steel demand is relatively weak, prices are low and imports are continuing to pummel the European market. And with more than enough to go around, producers will be fighting for orders, creating uncertainty as the industry heads deeper into 2016, according to EUROFER, the European Steel Association.

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