Steel News

AK Steel Reports Financial Results for First Quarter of 2015

30 April 2015 - AK Steel reported its financial results for the first quarter of 2015 on 28 April 2015..

Stainless Tube Imports From Asia Continue Massive Surge

30 April 2015 - Imports of seamless stainless steel tube from China and Japan continue to surge into the United States market at a rapid pace, according to the Stainless Steel Tube Trade Advancement Committee (SSTTAC).

Usiminas Releases 1Q15 Results

29 April 2015 - The main operational and financial indicators were: • Steel sales volume of 1.3 million tons; • Iron ore sales volume of 1.1 million tons; • Consolidated Adjusted EBITDA of R$379.5 million and Adjusted EBITDA Margin of 14%; • Working Capital on 03/31/15 of R$2.7 billion; • Investments of R$232.3 million.

Synalloy Reports 16% Adjusted EBITDA Gain for the First Quarter of 2015

29 April 2015 - Synalloy Corp., a growth-oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, announced that the first quarter of 2015 produced net sales of $51,648,000, an increase of $1,852,000 or 4% when compared to net sales from continuing operations for the first quarter of 2014 of $49,796,000. For the first quarter of 2015 the Company recorded net income of $3,638,000, or $0.42 per share compared to net income from continuing operations of $2,249,000, or $0.26 per share for the same quarter in the prior year.

ArcelorMittal Publishes 2014 Annual Review and Fact Book

29 April 2015 - ArcelorMittal, the world’s leading steel and mining company, has published its 2014 annual review and fact book on a dedicated website.

Steel Safety Day 2015 – Lock Safety In!

28 April 2015 - Today, the steel industry marks the second Steel Safety Day. Established in 2014, the initiative encourages steel companies around the world to participate in the industry-wide safety audits on the five most common causes of injury in the steel industry.

Outotec's Interim Report January-March 2015

28 April 2015 - Outotec's Interim Report shows good growth in orders and service sales.

Latin America: Finished Steel Production Grows 4% While Imports Increase 32% in Jan/Feb 2015

28 April 2015 - Finished steel in Latin America – Jan/Feb 2015 vs Jan/Feb 2014: > Production increases 4%. > Apparent steel use grows 8% > Total imports rise 32%

Anglo American's Chief Executive, Mark Cutifani, Addresses Shareholders at 2015 Annual General Meeting

27 April 2015 - Anglo American plc held its Annual General Meeting for shareholders in London on the 23rd of April. Mark Cutifani, Chief Executive, made the following remarks.

Arch Coal Announces Board of Directors Succession Plan

27 April 2015 - John Eaves Elected to Succeed Wes Taylor as Chairman of the Board; Paul Hanrahan Elected Lead Independent Director; Paul Lang Elected President and Chief Operating Officer

EU Recovery on a More Solid Footing — Risks Still Loom

24 April 2015 - The slight improvement in GDP growth in Q4-2014 combined with the recent uptrend in economic indicators bode well for a more broad-based gain in economic momentum in the EU. The weaker Euro and low oil price will provide a major boost to domestic demand and exports.

Nucor Reports Results for First Quarter of 2015

24 April 2015 - Nucor Corporation announced consolidated net earnings of $67.8 million, or $0.21 per diluted share, for the first quarter of 2015. By comparison, Nucor reported net earnings of $111.0 million, or $0.35 per diluted share, for the first quarter of 2014 and net earnings of $210.4 million, or $0.65 per diluted share, for the fourth quarter of 2014.

Reliance Steel & Aluminum Co. Reports First Quarter 2015 Financial Results

24 April 2015 - Reliance Steel & Aluminum Co. reported its financial results for the first quarter ended March 31, 2015.

China Steel Corporation Approves Investment in LanzaTech Commercial Project

23 April 2015 - Taiwan’s largest integrated steel maker, China Steel Corporation (CSC), has announced formal Board approval of a 1400M TWD ($46M USD) capital investment in a LanzaTech commercial ethanol facility. This follows the successful demonstration of the revolutionary carbon recycling platform at the White Biotech (WBT) Demonstration Plant in Kaohsiung using steel mill off gases for ethanol production.

AZZ incorporated Reports Financial Results for the Fourth Quarter and Fiscal Year 2015

23 April 2015 - AZZ incorporated, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced financial results for the three and twelve-month periods ended February 28, 2015.

ATI Announces First Quarter 2015 Results

23 April 2015 - First Quarter 2015 Results: • Sales of $1.13 billion increased 7% compared to Q4 2014 • Segment operating profit improved 25% to $83.8 million, or 7.4% of sales • Aerospace market sales increased 14% • Net income attributable to ATI was $10.0 million, or $0.09 per share • $12.4 million of HRPF start-up and Rowley PQ qualification costs • HRPF successfully integrated into daily operations

MMK Group Announces Operational Results for Q1 2015

23 April 2015 - MMK Group’s overall crude steel output in Q1 2015 totalled 3,228 thousand tonnes (+5.1% q-o-q; +1.3% y-o-y). Overall steelmaking capacity utilisation at the main Magnitogorsk site in Q1 2015 exceeded 92%. At the same time, converter production operated at 100% of capacity.

March 2015 Crude Steel Production for the 65 Countries Reporting to worldsteel

22 April 2015 - World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 138 million tonnes (Mt) in March 2015, a -2.7% decrease compared to March 2014.

ArcelorMittal Releases 2014 Sustainability Report

22 April 2015 - ArcelorMittal, a leading steel and mining company, has published its 2014 sustainability report, ‘Steel: the sustainability challenge’. The report launches the company’s 10 new sustainable development outcomes which outlines what the company needs to achieve in order for its steel to be recognised as one of the world’s most sustainable materials. It also details the company’s sustainability highlights, including how ArcelorMittal made an economic contribution to society of $79 billion in 2014.

Steel Dynamics Reports First Quarter 2015 Results

22 April 2015 - Steel Dynamics, Inc. announced first quarter 2015 financial results. Excluding $17 million, or $0.04 per diluted share, of call premium and other finance expenses associated with the March 2015 senior note repayment, the company's adjusted first quarter 2015 net income was $40 million, or $0.17 per diluted share, on net sales of $2.0 billion. Including the finance charges, the company reported first quarter 2015 net income of $31 million, or $0.13 per diluted share.