Steel News

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.

U. S. Steel Announces Strategic Actions to Strengthen Company; Updates Q3 Outlook

17 September 2014 - United States Steel Corporation announced three key strategic actions that support its transformation:

SMU Steel Summit 2014 Explores State of Steel Markets

16 September 2014 - Imports and exports. Non-residential construction and housing starts. GDP and geopolitics. Global steel and raw materials pricing, risk and forecasts. All of this and much more was discussed in depth during Steel Market Update’s fourth annual Steel Summit in Atlanta, Ga., USA, on 3–4 September 2014. This was the first two-day conference for the Steel Summit, and nearly 200 people attended.

Platts China Steel Sentiment Index Indicates Weak Demand, Price Outlook

10 September 2014 - The health of China's steel sector may be poised for a less than robust immediate future, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a September reading of 45.88 out of a possible 100 points.

IREPAS: Challenging Times in Global Longs Market Despite Demand Improvement

09 September 2014 - There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period, IREAPS said in its September 2014 Short Range Outlook.

ArcelorMittal Announces 700 New Jobs in France

05 September 2014 - ArcelorMittal announced 700 new jobs will be created at its French sites in 2014.

Russel Metals Benefitting from Strengthening Economy in U.S., Canada

19 August 2014 - Russel Metals Inc. announced second quarter 2014 earnings of US$31 million or US$0.50 per share on revenues of US$893 million reflecting strong operating margins in all segments.

Tata Steel Provides Update on Global Operations in Quarterly Report

18 August 2014 - Tata Steel Group declared its consolidated financial results for the quarter ended 30 June 2014.

Salzgitter Reports Results in Difficult Steel Market

15 August 2014 - The Salzgitter Group closed the first half of 2014 with a significant year-on-year improvement in its pre-tax result approximating breakeven.

Global Metals Deal Activity Rebounds in the Second Quarter of 2014

12 August 2014 - Merger and acquisition (M&A) activity in the global metals sector surged in the second quarter of 2014, showing robust growth from both a sequential and year-over-year basis as companies looked to acquire assets across key industries to strengthen their growth opportunities and drive higher-margin sales, according to PwC US.

Northwest Pipe Expects Low Margins as High Import Levels Impact Line Pipe Market

11 August 2014 - Northwest Pipe Company announced its financial results for the quarter ended 30 June 2014.

Olympic Steel Reports Record Net Sales

08 August 2014 - Olympic Steel, Inc., a national metals service center, announced financial results for the second quarter and six months ended 30 June 2014.

Alpha Natural Resources Downsizing West Virginia Mining Operations

08 August 2014 - Eight operating affiliates of Alpha Natural Resources, Inc. have notified their employees that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry.

ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements

05 August 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.