Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
MRC Global Announces First Quarter 2015 Results
07 May 2015 - - Sales of $1.292 billion - Net income of $29 million - Diluted EPS of $0.28 per share - Adjusted EBITDA of $87 million
ABB Reports Solid 1Q Growth in a Mixed Market
06 May 2015 - First-quarter highlights: -15% order growth1, revenues return to growth at +3% -Operational EBITA margin2 steady -Net income up 4% -Increased cash from operations -Financials impacted by currency translation due to strong appreciation of US dollar -Continued progress on Power Systems ‘step change’ program -Next Level strategy: Collaboration drives large combined power and automation orders
Grupo Simec Announces Results of Operations for the First Quarter of 2015, Ended March 31, 2015
06 May 2015 - Grupo Simec, S.A.B. de C.V. announced its results of operations for the three-month period ended March 31, 2015.
TimkenSteel Corporation Announces First-Quarter 2015 Results; Reports Earnings Per Share of $0.15
05 May 2015 - - Net sales of $388.7 million is flat to prior-year quarter. - Reported earnings per share of $0.15, a 76.1 percent decrease over adjusted(1) prior-year quarter. - Paid quarterly dividend of $0.14 per share. - Opened advanced technology center in Canton, Ohio.
Salzgitter-Group Announces Strong First Quarter of 2015
04 May 2015 - In the first quarter of the financial year 2015 the Salzgitter Group generated external sales of € 2.3 billion, reflecting a stable performance over the previous quarter, and posted a pre-tax profit of € 51.8 Mio. (first quarter of 2014: € –8.7 million).
Universal Stainless Reports First Quarter 2015 Results in Line With Preliminary Forecast
01 May 2015 - • Net Sales are $56.0 Million - Highest in 10 Quarters • Premium Alloy Sales Reach Record 9% of Total Sales • Gross Margin and Operating Income Reduced by Effect of Commodity Price Drop on Surcharges • Net Income Totals $0.1 Million, or $0.02 per Diluted Share • Quarter-End Backlog Is $58.5 Million
Konecranes PLC - Interim Report January–March 2015
01 May 2015 - Strong order intake, service result continued to improve,equipment result weak.
Outokumpu Reports EUR 2 Million Underlying EBIT for the First Quarter of 2015
01 May 2015 - Outokumpu reported underlying EBIT of EUR 2 million versus EUR -9 million in the fourth quarter of 2014. The improvement in profitability was driven by higher volumes and steady performance in Coil EMEA, whereas Coil Americas’ performance was disappointing.
United States Steel Corporation Reports 2015 First Quarter Results
01 May 2015 - -- Net loss of $75 million, or $0.52 per diluted share; Adjusted net loss of $10 million, or $0.07 per diluted share -- Adjusted EBITDA of $110 million -- Operating cash flow of $136 million -- Total liquidity of $2.8 billion, including $1.3 billion of cash -- Updated full-year 2015 outlook to adjusted EBIT of $115 million to $315 million and adjusted EBITDA of $700 million to $900 million
Ovako Releases Interim Report for First Quarter 2015
30 April 2015 - • The quarter began with weak order intake, which gradually improved. Order intake was 10 percent lower than in the strong first quarter of 2014 • Sales volumes were impacted by the weak order intake at the end of last year and decreased by 8 percent compared with the first quarter of 2014. An improved sales mix limited the decrease in revenue to 7 percent • Operating profit before depreciation and amortisation (EBITDA) amounted to EUR 27 (30) million and operating profit (EBIT) amounted to EUR 17 (18) million • Cash flows from operating activities amounted to EUR -5 (5) million • Steel and metals distributor Ovako Metals Oy Ab (formerly Tibnor Oy) in Finland was acquired on March 31 which has lead to a 3 MEUR positive one-off effect on operating profit
Mechel Reports 2014 Operational Results
30 April 2015 - Mechel OAO, one of the leading Russian mining and metals companies, announced its 2014 operational results.
Cliffs Natural Resources Inc. Reports First-Quarter 2015 Results
30 April 2015 - Cliffs Natural Resources Inc. reported its first-quarter results for the period ended March 31, 2015.
AK Steel Reports Financial Results for First Quarter of 2015
30 April 2015 - AK Steel reported its financial results for the first quarter of 2015 on 28 April 2015..
Usiminas Releases 1Q15 Results
29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.
Synalloy Reports 16% Adjusted EBITDA Gain for the First Quarter of 2015
29 April 2015 - Synalloy Corp., a growth-oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, announced that the first quarter of 2015 produced net sales of $51,648,000, an increase of $1,852,000 or 4% when compared to net sales from continuing operations for the first quarter of 2014 of $49,796,000. For the first quarter of 2015 the Company recorded net income of $3,638,000, or $0.42 per share compared to net income from continuing operations of $2,249,000, or $0.26 per share for the same quarter in the prior year.
ArcelorMittal Publishes 2014 Annual Review and Fact Book
29 April 2015 - ArcelorMittal, the world’s leading steel and mining company, has published its 2014 annual review and fact book on a dedicated website.
Outotec's Interim Report January-March 2015
28 April 2015 - Outotec's Interim Report shows good growth in orders and service sales.
Latin America: Finished Steel Production Grows 4% While Imports Increase 32% in Jan/Feb 2015
28 April 2015 - Finished steel in Latin America – Jan/Feb 2015 vs Jan/Feb 2014: > Production increases 4%. > Apparent steel use grows 8% > Total imports rise 32%
Anglo American's Chief Executive, Mark Cutifani, Addresses Shareholders at 2015 Annual General Meeting
27 April 2015 - Anglo American plc held its Annual General Meeting for shareholders in London on the 23rd of April. Mark Cutifani, Chief Executive, made the following remarks.
EU Recovery on a More Solid Footing — Risks Still Loom
24 April 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.
