Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Salzgitter AG Closes HSP Hoesch Spundwand un Profil GmbH
17 June 2015 - The Executive Board of Salzgitter AG took the decision in its meeting on 16 June 2015 to close down the operations of HSP Hoesch Spundwand und Profil GmbH (HSP), a wholly-owned subsidiary of Salzgitter AG.
Voestalpine Gets a Significant Boost in Earning in the Business Year 2014/15
12 June 2015 - In a global economic environment that is inconsistent, the voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).
Harsco Corporation Announces Withdrawal of Proposed Public Offering of $250 Million of Senior Notes
11 June 2015 - Harsco Corporation announced that it has withdrawn its previously announced public offering of $250 million aggregate principal amount of senior notes due 2020 (the "Notes") in response to market conditions.
Nucor Announces 169th Consecutive Cash Dividend
10 June 2015 - The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3725 per share on Nucor's common stock.
AHSMA to Cut 20% of Workforce, Suspend Investment Plans
09 June 2015 - Mexican steelmaker Altos Hornos de Mexico, S.A.B. said it is suspending its investment plans and cutting its workforce and output in response to a 40 percent drop in steel prices thus far in 2015.
Usiminas to Temporarily Idle Two Blast Furnaces
29 May 2015 - Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) informed its shareholders in a press release on 18 May of its plans to temporarily shut down two blast furnaces, the No. 1 at Cubatão Plant and the No. 1 at the Ipatinga plant, from 31 May and 4 June 2015, respectively.
Tata Steel reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended March 31, 2015
25 May 2015 - Tata Steel Group (the “Company”) today declared its Consolidated Financial Results for the full year (FY’15) and fourth quarter (Q4FY’15) ended March 31, 2015.
General Steel Reports First Quarter 2015 Financial Results
21 May 2015 - General Steel Holdings, Inc., a leading non-state-controlled steel producer in China, today announced its financial results for the first quarter ended March 31, 2015.
ArcelorMittal Announces Closure of Georgetown, S.C. Wire Rod Facility
21 May 2015 - According to a report by The Sun News, more than 220 skilled laborers and professionals at ArcelorMittal in Georgetown, S.C., USA, will lose their jobs later this year.
New Millennium Iron Corp. Announces Financial Results for the First Quarter
20 May 2015 - New Millennium Iron Corp. (“NML” or the “Company”) announced its financial results for the first quarter ended March 31, 2015.
ThyssenKrupp Reports Positive Performance in the First Six Months of Fiscal Year 2014/2015
20 May 2015 - The industrial and technology group ThyssenKrupp achieved its operating targets in the 2nd quarter and in the 1st half of fiscal year 2014/2015 and has specified and raised its forecast for the full year.
JSW Steel Posts Financial Results for the Fourth Quarter
20 May 2015 - JSW Steel Limited reported its results for the Fourth Quarter and the Financial Year ended 31st March, 2015.
POSCO Investor Relations Meeting Announces Increase in Rate of Business Profit for the First Quarter
15 May 2015 - POSCO held an Investor Relations meeting on 21 April, where it announced that it had recorded 15.1 trillion won in sales revenue and 731 billion won in business profit on a consolidated basis for the first quarter.
Ryerson Announces First Quarter 2015 Results
13 May 2015 - Ryerson generates strong cash flow in a difficult metals environment.
CSN Announces 1Q15 results
12 May 2015 - CSN – Companhia Siderurgica Nacional announced its results for the first quarter of 2015 (1Q15).
TimkenSteel Holds Annual Meeting of Shareholders; Declares Fourth Consecutive Quarterly Dividend
12 May 2015 - TimkenSteel, a leader in customized alloy steel products and services, today held its first annual meeting of shareholders, where shareholders elected three board members to three-year terms: Joseph A. Carrabba, retired chairman, president and CEO of Cliffs Natural Resources, Inc.; Phillip R. Cox, president and CEO of Cox Financial Corp.; and John P. Reilly, retired chairman, president and CEO of Figgie International.
ArcelorMittal Reports Results for the First Quarter of 2015
11 May 2015 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three-month period ended March 31, 2015.
ArcelorMittal Europe Reports Operating Profit of €281 Million for Q1 2015
11 May 2015 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three-month period ended March 31, 2015.
ANDRITZ GROUP: Results for the First Quarter of 2015
07 May 2015 - International technology Group ANDRITZ recorded a solid business development in the first quarter of 2015.
Praxair Reports First-Quarter 2015 Results
07 May 2015 - • Sales of $2.8 billion, EPS of $1.43 • EBITDA and operating margins grew to 33.0% and 22.6%, respectively* • Signed two long-term agreements to expand U.S. Gulf Coast and Southern China production networks for petrochemical customers; supply systems to start-up 2017 • $0.4 billion returned to shareholders through dividends and net share repurchases; diluted shares 2% below prior-year quarter • Return on capital 12.6%; return on equity 29.6%* • Full-year 2015 EPS guidance of $5.90 to $6.15, up 4% to 8% year-over-year, ex-FX* and 2Q15 $1.40 to $1.48
