Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Nucor Reports Results for First Quarter of 2015
24 April 2015 - Nucor Corporation announced consolidated net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor reported net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.
Reliance Steel & Aluminum Co. Reports First Quarter 2015 Financial Results
24 April 2015 - Reliance Steel & Aluminum Co. reported its financial results for the first quarter ended March 31, 2015.
Steel Dynamics Reports First Quarter 2015 Results
22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.
worldsteel Short Range Outlook 2015–2016
21 April 2015 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.
Insteel Industries Reports Second Quarter Financial Results
17 April 2015 - Insteel Industries, Inc. announced financial results for its second quarter ended March 28, 2015.
Modest Trade Recovery to Continue in 2015 and 2016 Following Three Years of Weak Expansion, Says WTO
15 April 2015 - Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8% in 2014 to 3.3% in 2015 and eventually to 4.0% in 2016, WTO economists announced 14 April.
Platts and Fenwei Partnership Launches New China Metallurgical Coal Assessments
13 April 2015 - Platts, a leading global energy and commodities information provider, and Shanxi Fenwei Energy Consulting Company, China's largest and most respected coal market information provider, have deepened their partnership to produce a new independent, editorially-assessed metallurgical coal price series for the Chinese domestic market.
Outokumpu CEO Comments on EU Anti-Dumping, Progress in Calvert
27 March 2015 - Outokumpu held its Annual General Meeting in Espoo, Finland, on 26 March 2015. During the meeting Outokumpu CEO Mika Seitovirta presented the financial results of the company for the year 2014, the market environment and Outokumpu’s continued measures to reach sustainable profitability and financial stability.
Steel Executives Bring Trade and Jobs Focus to Capitol Hill
26 March 2015 - Chief executives from three of the leading steel companies in the U.S told members of the Congressional Steel Caucus on 26 March 2015 that the government needs to dramatically improve policies on trade, investment in the workforce and infrastructure to ensure competitiveness and preserve American jobs in steel and other manufacturing sectors.
CMC Says Imports, Strong Dollar, Excess Global Supply are Top Challenges
26 March 2015 - Commercial Metals Company (CMC) announced financial results for its second quarter ended 28 February 2015.
U. S. Steel to Consolidate Flat-Rolled Operations
25 March 2015 - United States Steel Corporation will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations in Granite City, Ill.
Steel Industry Leaders to Testify Before U.S. Congress on Unfair Imports Crisis
25 March 2015 - The United Steelworkers Union (USW) will be joining steel company CEOs, and steel industry representatives on Capitol Hill, Thursday, 26 March 2015, 8:30am–10:00pm to testify at a Congressional Steel Caucus hearing on the "State of American Steel."
AK Steel Says Imports Negatively Impacting Shipments
20 March 2015 - AK Steel provided guidance for its first quarter 2015 financial results, saying it expects to report a net loss of US$0.23 to US$0.28 per diluted share of common stock for the first quarter of 2015.
Nucor Sees Q1 Operating Performance Falling in Challenging Market
19 March 2015 - Nucor Corporation announced guidance for its first quarter ending 4 April 2015.
SDI Predicts Stronger Second Half of the Year
18 March 2015 - Steel Dynamics Inc. provided first quarter 2015 earnings guidance.
Northwest Pipe Says Lower Oil Prices Will Impact Q1 Results
16 March 2015 - Northwest Pipe Company announced its financial results for the quarter and year ended 31 December 2014.
Platts China Steel Sentiment Index Rebounded in March
11 March 2015 - The outlook for China's steel market over the next month rebounded dramatically after the Chinese New Year holiday period on expectations of stronger domestic orders, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 72.2 out of a possible 100 points in March.
GrafTech Reports Results in Challenging Graphite Electrode Market
04 March 2015 - GrafTech International Ltd. announced financial results for the fourth quarter and full year ended 31 December 2014.
PwC US: Metals Industry Saw Uptick in M&A Activity in Q4 2014
27 February 2015 - The metals sector recorded a significant increase in merger and acquisition (M&A) activity during the fourth quarter of 2014, but the year overall saw a decline in deal value compared to 2013, according to Forging Ahead, a quarterly analysis of the global deal activity in the metals industry by PwC US.
Olympic Steel Reports Record Q4 Sales
27 February 2015 - Olympic Steel Inc., a national metals service center, announced financial results for the fourth quarter and full year ended 31 December 2014.
