Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
voestalpine’s Earnings Jump in First Half of Business Year
05 November 2014 - As it reported its earnings results, voestalpine said signs of a stabilizing or strengthening economy have faded, at least for Europe.
EUROFER Predicts Modest Strengthening Steel Demand in 2015 Despite Weakened Sentiment
05 November 2014 - Economic growth in the EU remained soft so far this year, with particularly a disappointing performance of the Euro area in the second quarter, EUROFER said in its Q3 market report. Exports were the key driver of growth rather than domestic demand.
AK Steel's Third Quarter Performance Exceeded Expectations
04 November 2014 - As it reported its third quarter results, AK Steel commented on its recent acquisition of Severstal Dearborn, as well as the expected impact of a fourth quarter blast furnace outage.
Northwest Pipe Sees Pressure from Line Pipe Imports
04 November 2014 - Northwest Pipe Co. announced its financial results for the quarter ended 30 September 2014.
Universal Stainless Has Positive Outlook for Its End Markets
31 October 2014 - Universal Stainless & Alloy Products Inc. provided a short term outlook as it posted solid third quarter results.
CMC Reports Quarterly Earnings, Sees Continued Market Growth
31 October 2014 - As it reported its earnings for the quarter ended 31 August 2014, Commercial Metals Co. said that, while macroeconomic and geopolitical concerns remain, all indications suggest continued market growth in fiscal 2015.
Schnitzer Steel Reports Strong Quarterly Performance
30 October 2014 - Schnitzer Steel Industries said its fourth quarter improvement reflects its strong focus on executing productivity improvements and maximizing market opportunities in a still challenging environment.
U. S. Steel Reports Highest Segment Operating Results Since Q3 2008
29 October 2014 - While reporting its quarterly earnings results, U. S. Steel said progress on its Carnegie Way initiative has so far exceeded expectations in its multi-year journey.
SunCoke Reports Strong Q3 Operational Results
29 October 2014 - As it reported its third quarter earnings results, SunCoke Energy said it believes it can continue to sustain solid performance in its coke and coal logistics segments.
Cliffs Reports Q3 Earnings, Outlook for Remainder of 2014
29 October 2014 - As it reported its third quarter earnings, Cliffs Natural Resources said it expects domestic steel production and the corresponding demand for steelmaking raw materials to be supported directly by construction activity, energy extraction and motor vehicle production in the near term.
Reliance Pleased by Q3 Demand Growth Despite Seasonal Headwinds
28 October 2014 - Reliance Steel & Aluminum Co. reported its financial results for the third quarter ended 30 September 2014.
Carpenter Reports Difficult Start to Q3 but Improvement Seen
27 October 2014 - Carpenter Technology Corp. announced financial results for the quarter ended 30 September 2014.
Nucor's Steel Mills Perfom Better Than Expected in Q3
23 October 2014 - As it reported its third quarter earnings results, Nucor said overall operating performance at its steel mills was much improved compared to the second quarter of 2014 due to increased profitability in sheet, structural, bar and plate steel.
ATI Announces Q3 2014 Results; Outlook Bright
22 October 2014 - As it reported its third quarter 2014 results, Allegheny Technologies Inc. said is is seeing a lot of global uncertainty in short cycle markets and expects to see cautious inventory management in the short term.
SDI Optimistic As It Announces Q3 Results
21 October 2014 - Steel Dynamics Inc. announced its results for the third quarter of 2014, including a short-term outlook.
Insteel Gives Quarterly Update, Provides Outlook
16 October 2014 - Insteel Industries Inc. announced financial results for its fourth quarter and fiscal year ended 27 September 2014.
Mechel Reports First Half 2014 Financial Results
15 October 2014 - Mechel OAO announced financial results for the first half of 2014.
Essar Steel Algoma Reports Increases in Shipments, Earnings
14 October 2014 - Essar Steel Algoma Inc. reported today CA$85.2 million in EBITDA for the three month period ended 30 September 2014.
EUROFER Market Update: EU Steel Imports Continue to Rise
14 October 2014 - The latest EU customs statistics show that third country imports remained on a rising trend in July and August: finished steel imports rose 32% year-on-year, compared with a 6% rise in Q1 and 33% rise in Q2, according to analysis from EUROFER.
GrafTech Provides Updated 2014 Guidance, Says Electrode Demand Weakening Outside U.S.
03 October 2014 - GrafTech International Ltd. has revised its 2014 guidance as a result of the continued pressure on products for the consumer electronics end market and a weakening in graphite electrode demand outside of the United States, causing delays in customer shipments in its Industrial Materials segment.
