Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Tata Steel Reported Significant Improvement in First Quarter
30 May 2014 - Tata Steel said the improved and steady performance of operations across geographies, despite weak market conditions, led to significantly improved Group performance in the first quarter of the year.
Schnitzer Provides Outlook for Third Quarter of Fiscal 2014
29 May 2014 - Schnitzer Steel Industries Inc. announced its outlook for its third quarter of fiscal 2014 ending 31 May 2014.
Alacero Expects Better Outlook for Latin America in the Medium-Term, If Fair Trade Conditions Are Ensured
27 May 2014 - On 13 May 2014 in Bogotá, Colombia, during the semiannual meeting of Alacero’s Board of Directors, presided by Martin Berardi, participants analyzed the current situation of the steel value chain and defined action lines to strengthen the promotion of the industrialization process and to ensure fair trade conditions in the region.
Gerdau Comments on Positive First Quarter Performance
26 May 2014 - Gerdau’s 15.1% increase in consolidated net income in the first quarter of 2014 was due primarily to the effect of the exchange rate from dollars into reals (BRL), intensification in iron ore sales and the larger volume of steel sold on the domestic Brazilian market and in Latin American countries.
AISI Says New Report Shows Continued Harm From Unfair Imports
22 May 2014 - The American Iron and Steel Institute (AISI) said a new report ("Surging Steel Imports Put Up to Half a Million U.S. Jobs at Risk") released on 13 May reaffirms that the rising tide of foreign steel imports is harming the U.S. steel industry and diminishing the industry’s ability to fully recover from the recession.
USW: New Study Highlights Threats to U.S. Steel Sector
22 May 2014 - United Steelworkers (USW) international president Leo W. Gerard issued the following statement on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production.
ArcelorMittal’s Robrecht Himpe Addresses European Steel Day as New EUROFER President
20 May 2014 - Robrecht Himpe, executive vice president at ArcelorMittal Europe, addressed hundreds of delegates on 15 May 2014 at European Steel Day — as the new president of EUROFER, the European Steel Association.
ArcelorMittal Upgrades Forecast for European Steel Demand in 2014
15 May 2014 - ArcelorMittal Europe announced results for the first quarter of 2014, recording an operating profit of €58 million.
IREPAS: Bright Spots in Global Long Steel Demand Despite Ongoing Uncertainties
14 May 2014 - The global long steel products market is still characterized by uncertainty amid the adverse effects of ongoing political tensions, IREPAS says in its latest short range outlook.
ArcelorMittal’s Improving Quarterly Results Reflect Recovering Steel Markets
14 May 2014 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three month period ended 31 March 2014.
Universal Stainless Seeing Strong Market Demand
05 May 2014 - Universal Stainless & Alloy Products Inc. reported net sales for the first quarter of 2014 of US$46.7 million, an increase of 16% from the fourth quarter of 2013.
Outokumpu Sees Stainless Steel Market Picking Up
02 May 2014 - As it reported its first quarter results, Outokumpu reiterated its cautiously optimistic view of the markets for the second quarter.
Platts China Steel Sentiment Index Indicates Slowed Demand Growth For May
02 May 2014 - The health of China's steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100.
Ternium Reports Higher First Quarter Results, Gives Outlook
01 May 2014 - Ternium S.A. announced its results for the first quarter ended 31 March 2014.
Olympic Steel Gives Favorable Outlook for Remainder of the Year
01 May 2014 - Olympic Steel Inc., a national metals service center, announced financial results for the first quarter ended 31 March 2014.
U. S. Steel Reports Improvement in Q1 Results Despite Weather-Related Issues
30 April 2014 - United States Steel Corporation reported first quarter 2014 net income of US$52 million compared to a first quarter 2013 net loss of US$73 million and fourth quarter 2013 net income of US$270 million.
Reliance Steel Expects Continued Slow, Steady Recovery in Demand
29 April 2014 - In the first quarter of 2014, Reliance Steel & Aluminum Co. said it the overall improvement in demand that it experienced in the second half of 2013 continued and it also saw the normal seasonal pick-up compared to the fourth quarter of 2013.
Carpenter Technology Posts Strong Quarter Despite Weather-Related Issues
28 April 2014 - Carpenter Technology Corp. said weather-related expenses mask the company's strong operating performance in the first quarter of the year.
SSAB 'Cautiously Positive' for the Steel Market in 2014
25 April 2014 - SSAB president and CEO Martin Lindqvist commented on the performance of the company in the first quarter of 2014:
Timken Encouraged by Rebound in Steel Bookings
25 April 2014 - The Timken Co. reported stronger demand in its Steel and Process Industries segments, helping drive sales higher in the first quarter of the year.
