Steel News

Universal Stainless Has Positive Outlook for Its End Markets

31 October 2014 - Universal Stainless & Alloy Products Inc. provided a short term outlook as it posted solid third quarter results.

CMC Reports Quarterly Earnings, Sees Continued Market Growth

31 October 2014 - As it reported its earnings for the quarter ended 31 August 2014, Commercial Metals Co. said that, while macroeconomic and geopolitical concerns remain, all indications suggest continued market growth in fiscal 2015.

Schnitzer Steel Reports Strong Quarterly Performance

30 October 2014 - Schnitzer Steel Industries said its fourth quarter improvement reflects its strong focus on executing productivity improvements and maximizing market opportunities in a still challenging environment.

U. S. Steel Reports Highest Segment Operating Results Since Q3 2008

29 October 2014 - While reporting its quarterly earnings results, U. S. Steel said progress on its Carnegie Way initiative has so far exceeded expectations in its multi-year journey.

SunCoke Reports Strong Q3 Operational Results

29 October 2014 - As it reported its third quarter earnings results, SunCoke Energy said it believes it can continue to sustain solid performance in its coke and coal logistics segments.

Cliffs Reports Q3 Earnings, Outlook for Remainder of 2014

29 October 2014 - As it reported its third quarter earnings, Cliffs Natural Resources said it expects domestic steel production and the corresponding demand for steelmaking raw materials to be supported directly by construction activity, energy extraction and motor vehicle production in the near term.

Reliance Pleased by Q3 Demand Growth Despite Seasonal Headwinds

28 October 2014 - Reliance Steel & Aluminum Co. reported its financial results for the third quarter ended 30 September 2014.

Carpenter Reports Difficult Start to Q3 but Improvement Seen

27 October 2014 - Carpenter Technology Corp. announced financial results for the quarter ended 30 September 2014.

Nucor's Steel Mills Perfom Better Than Expected in Q3

23 October 2014 - As it reported its third quarter earnings results, Nucor said overall operating performance at its steel mills was much improved compared to the second quarter of 2014 due to increased profitability in sheet, structural, bar and plate steel.

ATI Announces Q3 2014 Results; Outlook Bright

22 October 2014 - As it reported its third quarter 2014 results, Allegheny Technologies Inc. said is is seeing a lot of global uncertainty in short cycle markets and expects to see cautious inventory management in the short term.

SDI Optimistic As It Announces Q3 Results

21 October 2014 - Steel Dynamics Inc. announced its results for the third quarter of 2014, including a short-term outlook.

Insteel Gives Quarterly Update, Provides Outlook

16 October 2014 - Insteel Industries Inc. announced financial results for its fourth quarter and fiscal year ended 27 September 2014.

Mechel Reports First Half 2014 Financial Results

15 October 2014 - Mechel OAO announced financial results for the first half of 2014.

Essar Steel Algoma Reports Increases in Shipments, Earnings

14 October 2014 - Essar Steel Algoma Inc. reported today CA$85.2 million in EBITDA for the three month period ended 30 September 2014.

EUROFER Market Update: EU Steel Imports Continue to Rise

14 October 2014 - The latest EU customs statistics show that third country imports remained on a rising trend in July and August: finished steel imports rose 32% year-on-year, compared with a 6% rise in Q1 and 33% rise in Q2, according to analysis from EUROFER.

GrafTech Provides Updated 2014 Guidance, Says Electrode Demand Weakening Outside U.S.

03 October 2014 - GrafTech International Ltd. has revised its 2014 guidance as a result of the continued pressure on products for the consumer electronics end market and a weakening in graphite electrode demand outside of the United States, causing delays in customer shipments in its Industrial Materials segment.

Carpenter Technology Provides Q1 Fiscal Year 2015 Outlook

02 October 2014 - Carpenter Technology Corporation announced that cost, output, and mix issues at its Specialty Alloys Operations (SAO) locations in Reading and Latrobe, Pa., will negatively impact the company's first quarter (Q1) fiscal year 2015 (FY15) earnings.

Essar Steel Algoma Reports Turning Performance Around

29 September 2014 - Essar Steel Algoma Inc. announced guidance for the second quarter FY2015 ending 30 September 2014. The announcement comes on the heels of the Ontario Superior Court of Justice’s 15 September 2014 approval of Algoma’s Plan of Arrangement, which paves the way for a comprehensive recapitalization and refinancing of the company’s capital structure.

SDI Provides Q3 2014 Earnings Guidance

19 September 2014 - Steel Dynamics Inc. provided third quarter 2014 earnings guidance, noting that demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve.

Nucor Announces Guidance for Q3 Earnings

18 September 2014 - Nucor Corporation announced guidance for its third quarter ending 4 October 2014.