Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Nucor Expects Improvement in Second Quarter Over First
24 April 2014 - Nucor said the largest factor contributing to its decrease in earnings was severe weather conditions, which disrupted customer demand, decreased the amount of railcar availability, contributed to increased energy costs at its steel mills and exacerbated conditions in the seasonally weaker performance of its fabricated construction products businesses.
Insteel Industries Comments on Quarterly Results, Provides Outlook
18 April 2014 - Insteel Industries, Inc. announced financial results for its second quarter ended 29 March 2014.
SDI Impacted by Winter Weather, but Confident in Broad Economic Recovery
17 April 2014 - Steel Dyanamics Inc.announced its first quarter results which were affected by uncharacteristically severe and prolonged winter weather conditions that resulted in increased energy costs, reduced production, diminished availability of transportation and lower shipments.
EUROFER: EU Recovery is Broadening, Steel Market Balance Will Remain Fragile
17 April 2014 - Strengthening indicators and evidence of improving dynamics suggest that the EU economy is well on track for recovery this year and into 2015, EUROFER says.
Outokumpu Cautiously Optimistic; Sees Modest Improvement in Underlying Market Demand
14 April 2014 - In his review at the company's annual general meeting on 14 April, CEO Mika Seitovirta presented Outokumpu’s results and market environment in 2013 as well as the measures Outokumpu has taken to improve its financial position and profitability.
Carpenter Technology Provides Update on Expected Third Quarter Earnings
11 April 2014 - Carpenter Technology Corp. said weather-related expenses in the first quarter of the year were roughly double what it expected, negatively impacting earnings.
Metinvest Announces Results for Full Year 2013
11 April 2014 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announced its audited consolidated financial results for the 12 months ended 31 December 2013.
worldsteel Gives Short Term Outlook for Global Steel Demand in 2014–2015
09 April 2014 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2014 and 2015, forecasting that global apparent steel use will increase by 3.1% to 1,527 million metric tons in 2014 following growth of 3.6% in 2013.
Schnitzer Steel Reports Continued Improvement in Steel and Recycling Businesses
03 April 2014 - Despite volatile market conditions and severe winter weather, Schnitzer Steel Industries reported solid demand and stable pricing in its Steel Manufacturing Business during its fiscal second quarter, reflecting continued improvement in the West Coast construction markets.
CMC Provides Economic Outlook as It Reports Quarterly Earnings
31 March 2014 - Commercial Metals Company announced financial results for its second quarter ended 28 February 2014.
Fairly Bullish Outlook Given for North American Steel Market at Platts' Steel Conference
27 March 2014 - While there is some uncertainty about the prospects for the global steel industry this year, the outlook for the North American market is a bit rosier, according to speakers at Platts’ 10th Annual Steel Markets North America Conference, held 19–20 March 2014 in Chicago.
Ternium Mexico CEO Opens 6th Annual CONAC Conference and Exposition
25 March 2014 - The opening session of CONAC 2014 — 6th Steel Industry Conference and Exposition took place on Monday morning, 24 March, at Cintermex in Monterrey, N.L. Mexico. CONAC is sponsored by AIST’s Mexico Member Chapter.
U.S. Executives Bring Steel Industry Jobs Focus to Capitol Hill
25 March 2014 - On 25 March 2014, chief executives from a number of leading steel companies in the U.S. told members of the Congressional Steel Caucus that many government policies on trade, energy, environment and infrastructure need to be reformed to ensure U.S. industrial competitiveness and preserve American jobs in steel and other manufacturing sectors.
AK Steel's Operations Impacted by Winter Weather in First Quarter
25 March 2014 - AK Steel provided guidance for its first quarter 2014 financial results.
SDI Says First Quarter Earnings Negatively Impacted by Harsh Winter Weather
20 March 2014 - Steel Dynamics, Inc. provided first quarter 2014 earnings guidance in the range of US$0.13 to US$0.17 per diluted share.
Nucor Announces Guidance for First Quarter Earnings
19 March 2014 - Nucor Corp. announced guidance for its first quarter ending 5 April 2014, noting a major impact from severe weather conditions during the quarter.
IREPAS: Political Instability Casts Shadow Over Long Steel Market
07 March 2014 - The global long steel products market has been adversely affected by political developments in Ukraine and Turkey, and also by the prevailing market conditions, according to the latest short range outlook from IREPAS.
Reliance Steel Gives 2014 Outlook, Reports 2013 Results
21 February 2014 - Reliance Steel & Aluminum Co. reported its financial results for the fourth quarter and full year ended 31 December 2013.
Russel Metals’ Energy Products Segment to be Area of Focus in 2014
21 February 2014 - As it reported its fourth quarter and full year 2013 results, Russel Metals commented on both its energy products segment and its steel distributors segment.
Tata Steel's Positive Momentum Continues Even in Seasonally Weak Period
19 February 2014 - Tata Steel Group declared its consolidated financial results for the nine months and third quarter ended 31 December 2013.
