Steel News

SunCoke Energy Achieves 2013 Targets Despite Weak Fourth Quarter

31 January 2014 - Reporting on its 2013 results, SunCoke Energy said the same factors affected the fourth quarter as affected the full year, including the current weak coal price environment and lower than expected results at its Indiana Harbor cokemaking facility.

U. S. Steel Receives President Obama for Tour, Speech at Mon Valley Works

30 January 2014 - The United States Steel Corporation hosted U. S. President Barack Obama at its Mon Valley Works steel mill outside Pittsburgh, Pa., on 28 January 2014.

Carpenter Technology Reports Strong Quarter, Sees Positive Signs of Growth

30 January 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2013.

Timken Predicts Its Steel Sales to Increase 12–17% This Year

30 January 2014 - As it reported its 2013 earnings results, The Timken Company said the spinoff of its steel business into a separate company should be complete by the middle of 2014.

Nucor Reports Improvements in Sheet as Longs Segment Performance Decreases

28 January 2014 - Nucor Corporation announced consolidated net earnings of US$488.0 million for the full year 2013, compared with consolidated net earnings of US$504.6 million for the full year 2012.

U. S. Steel Reports Results, Continues "Multi-Year Journey" to Profitability

28 January 2014 - United States Steel Corporation reported a fourth quarter 2013 net loss of US$122 million compared to a third quarter 2013 net loss of US$1,791 million and fourth quarter 2012 net loss of US$50 million.

SDI Optimistic for 2014 as It Reports 2013 Results

28 January 2014 - Steel Dynamics, Inc. announced fourth quarter net income of US$55 million on net sales of US$1.9 billion.

AK Steel Says It Continues to Make Progress, "Add Value"

28 January 2014 - AK Steel reported net income of US$35.2 million for the fourth quarter of 2013, compared to a net loss of US$230.4 million for the fourth quarter of 2012.

China Gerui Comments on China's Steel Industry Restructuring Policy

27 January 2014 - China Gerui Advanced Materials Group Limited, a high precision, cold-rolled steel producer in China, recently commented on the Chinese Government's recent accelerated initiatives to restructure its steel industry.

AISI: Repeal of Key Provisions in Tax Reform Would Raise Tax Rate on Industry

20 January 2014 - The American Iron and Steel Institute (AISI) submitted comments to the Senate Finance Committee highlighting industry concerns with proposals in the tax reform discussion draft released last month.

Insteel Sees Signs of Broader Recovery Developing in Non-Res Construction

16 January 2014 - Insteel Industries, Inc. announced financial results for its fiscal first quarter ended 28 December 2013, also commenting on market conditions and providing an updated outlook.

Schnitzer Steel Reports Results, Noting Steady Market Conditions in West Coast Steel Market

08 January 2014 - Schnitzer Steel Industries, Inc. announced a quarterly loss in its fiscal 2014 first quarter ended 30 November 2013.

CMC Reports Results, Provides Outlook for Current Quarter

07 January 2014 - Commercial Metals Co. announced financial results for its first quarter ended 30 November 2013 and provided an outlook for the seasonally-slower current quarter.

Kobe Steel President Gives 2014 New Year's Message

07 January 2014 - On 6 January 2014, the first working day of the new year, Kobe Steel president and CEO Hiroya Kawasaki gave a New Year's message to company employees.

EVRAZ Welcomes Northern Gateway Ruling

27 December 2013 - Diversified steel manufacturer EVRAZ North America welcomed the 19 December 2013 ruling by the Joint Review Panel, which brings the proposed Enbridge Northern Gateway Project a significant step closer to final approval.

Moody's: Stable European Steel Outlook Supported by Improving Fundamentals and Sentiment

26 December 2013 - Moody's outlook for the European steel industry is stable and reflects the rating agency's expectations for the fundamental business conditions in the industry over the next 12 to 18 months, saidMoody's Investors Service in a recently-published industry outlook.