Steel News

Ternium Reports Higher First Quarter Results, Gives Outlook

01 May 2014 - Ternium S.A. announced its results for the first quarter ended 31 March 2014.

Olympic Steel Gives Favorable Outlook for Remainder of the Year

01 May 2014 - Olympic Steel Inc., a national metals service center, announced financial results for the first quarter ended 31 March 2014.

U. S. Steel Reports Improvement in Q1 Results Despite Weather-Related Issues

30 April 2014 - United States Steel Corporation reported first quarter 2014 net income of US$52 million compared to a first quarter 2013 net loss of US$73 million and fourth quarter 2013 net income of US$270 million.

Reliance Steel Expects Continued Slow, Steady Recovery in Demand

29 April 2014 - In the first quarter of 2014, Reliance Steel & Aluminum Co. said it the overall improvement in demand that it experienced in the second half of 2013 continued and it also saw the normal seasonal pick-up compared to the fourth quarter of 2013.

Carpenter Technology Posts Strong Quarter Despite Weather-Related Issues

28 April 2014 - Carpenter Technology Corp. said weather-related expenses mask the company's strong operating performance in the first quarter of the year.

SSAB 'Cautiously Positive' for the Steel Market in 2014

25 April 2014 - SSAB president and CEO Martin Lindqvist commented on the performance of the company in the first quarter of 2014:

Timken Encouraged by Rebound in Steel Bookings

25 April 2014 - The Timken Co. reported stronger demand in its Steel and Process Industries segments, helping drive sales higher in the first quarter of the year.

Nucor Expects Improvement in Second Quarter Over First

24 April 2014 - Nucor said the largest factor contributing to its decrease in earnings was severe weather conditions, which disrupted customer demand, decreased the amount of railcar availability, contributed to increased energy costs at its steel mills and exacerbated conditions in the seasonally weaker performance of its fabricated construction products businesses.

Insteel Industries Comments on Quarterly Results, Provides Outlook

18 April 2014 - Insteel Industries, Inc. announced financial results for its second quarter ended 29 March 2014.

SDI Impacted by Winter Weather, but Confident in Broad Economic Recovery

17 April 2014 - Steel Dyanamics Inc.announced its first quarter results which were affected by uncharacteristically severe and prolonged winter weather conditions that resulted in increased energy costs, reduced production, diminished availability of transportation and lower shipments.

EUROFER: EU Recovery is Broadening, Steel Market Balance Will Remain Fragile

17 April 2014 - Strengthening indicators and evidence of improving dynamics suggest that the EU economy is well on track for recovery this year and into 2015, EUROFER says.

Outokumpu Cautiously Optimistic; Sees Modest Improvement in Underlying Market Demand

14 April 2014 - In his review at the company's annual general meeting on 14 April, CEO Mika Seitovirta presented Outokumpu’s results and market environment in 2013 as well as the measures Outokumpu has taken to improve its financial position and profitability.

Carpenter Technology Provides Update on Expected Third Quarter Earnings

11 April 2014 - Carpenter Technology Corp. said weather-related expenses in the first quarter of the year were roughly double what it expected, negatively impacting earnings.

Metinvest Announces Results for Full Year 2013

11 April 2014 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announced its audited consolidated financial results for the 12 months ended 31 December 2013.

worldsteel Gives Short Term Outlook for Global Steel Demand in 2014–2015

09 April 2014 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2014 and 2015, forecasting that global apparent steel use will increase by 3.1% to 1,527 million metric tons in 2014 following growth of 3.6% in 2013.

Schnitzer Steel Reports Continued Improvement in Steel and Recycling Businesses

03 April 2014 - Despite volatile market conditions and severe winter weather, Schnitzer Steel Industries reported solid demand and stable pricing in its Steel Manufacturing Business during its fiscal second quarter, reflecting continued improvement in the West Coast construction markets.

CMC Provides Economic Outlook as It Reports Quarterly Earnings

31 March 2014 - Commercial Metals Company announced financial results for its second quarter ended 28 February 2014.

Fairly Bullish Outlook Given for North American Steel Market at Platts' Steel Conference

27 March 2014 - While there is some uncertainty about the prospects for the global steel industry this year, the outlook for the North American market is a bit rosier, according to speakers at Platts’ 10th Annual Steel Markets North America Conference, held 19–20 March 2014 in Chicago.

Ternium Mexico CEO Opens 6th Annual CONAC Conference and Exposition

25 March 2014 - The opening session of CONAC 2014 — 6th Steel Industry Conference and Exposition took place on Monday morning, 24 March, at Cintermex in Monterrey, N.L. Mexico. CONAC is sponsored by AIST’s Mexico Member Chapter.

U.S. Executives Bring Steel Industry Jobs Focus to Capitol Hill

25 March 2014 - On 25 March 2014, chief executives from a number of leading steel companies in the U.S. told members of the Congressional Steel Caucus that many government policies on trade, energy, environment and infrastructure need to be reformed to ensure U.S. industrial competitiveness and preserve American jobs in steel and other manufacturing sectors.