Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Platts China Steel Sentiment Index Plunged in February
24 February 2015 - The outlook for China's steel market for the next 30 days is down on the back of weaker expectations for new domestic and export orders ahead of the long Chinese New Year holiday, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which reflects market participants' expectations.
ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014
24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.
MMK to Maintain Production Volumes, Focus on Maximum Efficiency
10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.
Timken Improves Fourth Quarter, Full-Year 2014 Results
02 February 2015 - The Timken Company reported fourth-quarter sales of US$762.2 million, up approximately 2% over the prior-year quarter.
Carpenter Technology Reports Second Quarter Results
30 January 2015 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2014.
SunCoke Energy Inc. Announces Fourth Quarter 2014 Results
30 January 2015 - SunCoke Energy Inc. announced its results for the fourth quarter and full year 2014.
SDI Reports 2014 Results; Expects Challenging Q1
29 January 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.
U. S. Steel Reports Highest Full-Year Net Income Since 2008
28 January 2015 - United States Steel Corporation reported its highest full-year net income since 2008 as the Carnegie Way delivered more earnings power.
Universal Stainless Posts Solid Fourth Quarter 2014 Results
28 January 2015 - Universal Stainless & Alloy Products, Inc. reported that net sales for the fourth quarter of 2014 were US$53.0 million, which is 31% higher than the fourth quarter of 2013, and is in line with third quarter 2014 net sales of US$53.6 million.
Nucor Reports 46% Increase in Earnings in 2014
27 January 2015 - Nucor Corporation announced consolidated net earnings of US$713.9 million, or US$2.22 per diluted share, for the full year 2014, an improvement of 46% compared with consolidated net earnings of US$488.0 million, or US$1.52 per diluted share, for the full year 2013.
U. S. Steel to Adjust Production in Alabama and Texas
27 January 2015 - United States Steel Corporation will temporarily adjust operations at Lone Star Tubular Operations in Lone Star, Texas, and Fairfield Tubular Operations in Fairfield, Ala.
AK Steel Posts Loss for 2014 Despite Profitable Q4
27 January 2015 - AK Steel reported its financial results for the fourth quarter and full year of 2014.
voestalpine Securing Railway Infrastructure Orders Worldwide
27 January 2015 - Buoyed by the current global revival of the railway sector, the voestalpine Group’s Metal Engineering Division, which covers the railway infrastructure sector, is consistently winning major international orders.
Severstal Reports Q4 and FY 2014 Operational Results
26 January 2015 - PAO Severstal announced its operational results for the fourth quarter and full year 2014.
EVRAZ Announces 2014 Operational Highlights
22 January 2015 - EVRAZ plc released its operational results for the fourth quarter of 2014 and the full year of 2014.
ATI Reports Q4 and Full Year 2014 Results
21 January 2015 - Allegheny Technologies Inc. reported fourth quarter 2014 sales of US$1.05 billion and income from continuing operations attributable to ATI of US$19.9 million, or US$0.18 per share.
Insteel Encouraged by Improvement in Non-Res Construction Market
19 January 2015 - Insteel Industries Inc. announced financial results for its first quarter ended 27 December 2014.
IREPAS: Global Longs Market Deteriorating, Demand Stagnating
12 January 2015 - The global long steel products market has been quiet recently mostly because of the holidays in many countries, with business volumes shrinking to low levels, IREPAS said in its Short Range Outlook for January 2015.
Platts: Outlook for China’s Steel Market Worsens
12 January 2015 - The outlook for China's steel market in January has worsened, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which shows a headline reading of 23.1 out of a possible 100 points in January.
Schnitzer Steel Reports Results for Quarter with Steel Decline in Ferrous Prices
08 January 2015 - Schnitzer Steel Industries Inc. reported financial results for its fiscal 2015 first quarter ended 30 November 2014.
