Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Gerdau Sees Continued Demand Growth in North America
01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.
Severstal NA's Results a 'Testament to Transformation' Taking Place at Company
01 August 2014 - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of Severstal, reported another strong financial performance in the second quarter of 2014.
TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors
31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.
U. S. Steel Posts US$18 Million Net Loss in Second Quarter
30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.
Carpenter Reports Improving Quarterly Results
30 July 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.
AK Steel Reports Improved Second Quarter Results
29 July 2014 - AK Steel reported its financial results for the second quarter of 2014.
Reliance Steel Reports Record Quarterly Sales in Q2
29 July 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.
SunCoke Energy Inc. Reports Second Quarter 2014 Results
28 July 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.
SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year
25 July 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.
Nucor Reports Improved Mill Performance in Second Quarter
24 July 2014 - As it reported its second quarter earnings results, Nucor said it expects to see a stronger improvement in earnings in the third quarter.
EUROFER: EU Recovery Taking Hold; Rising Imports May Absorb Growth in Steel Demand
23 July 2014 - Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest, EUROFER reports.
SDI Reports Record Shipments, Improved Metal Spreads in Q2
22 July 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.
ATI Reports Results, Continued Ramp-Up of Hot Rolling and Processing Facility
22 July 2014 - As it reported its second quarter earnings results, Allegheny Technologies Inc. said it continued to see improvement in end market demand throughout the quarter.
Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report
21 July 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.
IREPAS: Decent Performance in Global Long Market, But Concerns Rising
11 July 2014 - Global demand has remained at reasonable levels during the course of the last 30 days, IREPAS said in its Short Range Outlook for July 2014.
TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting
23 June 2014 - Members of the executive management team of TimkenSteel Corporation hosted an investor meeting on 19 June to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company
AK Steel Provides Second Quarter 2014 Guidance
20 June 2014 - AK Steel provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results.
Nucor Announces Guidance For Its Second Quarter Earnings
20 June 2014 - Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 5, 2014. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share.
Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend
18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.
IREPAS: Healthy Demand, but Concerns Persist in Global Long Products Market
09 June 2014 - In its June 2014 Short Range Outlook, IREPAS said demand has continued to improve in the global long steel products market, especially in the Americas and the EU.
