Steel News

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.

Carpenter Technology Provides Q1 Fiscal Year 2015 Outlook

02 October 2014 - Carpenter Technology Corporation announced that cost, output, and mix issues at its Specialty Alloys Operations (SAO) locations in Reading and Latrobe, Pa., will negatively impact the company's first quarter (Q1) fiscal year 2015 (FY15) earnings.

Essar Steel Algoma Reports Turning Performance Around

29 September 2014 - Essar Steel Algoma Inc. announced guidance for the second quarter FY2015 ending 30 September 2014. The announcement comes on the heels of the Ontario Superior Court of Justice’s 15 September 2014 approval of Algoma’s Plan of Arrangement, which paves the way for a comprehensive recapitalization and refinancing of the company’s capital structure.

SDI Provides Q3 2014 Earnings Guidance

19 September 2014 - Steel Dynamics Inc. provided third quarter 2014 earnings guidance, noting that demand trends for key steel-consuming end markets is expected to remain favorable, as strength in automotive, manufacturing, energy and construction markets continue to improve.

Nucor Announces Guidance for Q3 Earnings

18 September 2014 - Nucor Corporation announced guidance for its third quarter ending 4 October 2014.

U. S. Steel Announces Strategic Actions to Strengthen Company; Updates Q3 Outlook

17 September 2014 - United States Steel Corporation announced three key strategic actions that support its transformation:

SMU Steel Summit 2014 Explores State of Steel Markets

16 September 2014 - Imports and exports. Non-residential construction and housing starts. GDP and geopolitics. Global steel and raw materials pricing, risk and forecasts. All of this and much more was discussed in depth during Steel Market Update’s fourth annual Steel Summit in Atlanta, Ga., USA, on 3–4 September 2014. This was the first two-day conference for the Steel Summit, and nearly 200 people attended.

Platts China Steel Sentiment Index Indicates Weak Demand, Price Outlook

10 September 2014 - The health of China's steel sector may be poised for a less than robust immediate future, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a September reading of 45.88 out of a possible 100 points.

IREPAS: Challenging Times in Global Longs Market Despite Demand Improvement

09 September 2014 - There has been a reasonable resumption of demand for long steel products in the North American and northern EU markets following the holiday period, IREAPS said in its September 2014 Short Range Outlook.

ArcelorMittal Announces 700 New Jobs in France

05 September 2014 - ArcelorMittal announced 700 new jobs will be created at its French sites in 2014.