Steel News

Higher Steel Prices Boost Q2 Profits at Steel Dynamics

20 July 2017 - Steel Dynamics Inc. saw its second-quarter profits rise 8.5% on higher average prices for its steel.

EUROFER Upbeat on Steel's Prospects for Remainder of Year

11 July 2017 - The European Union’s first-quarter apparent steel consumption rose 3.1% year-over-year and is expected to grow through the remainder of 2017, but U.S. steel trade policies could have “disastrous” consequences, according to EUROFER, the European Steel Association.

Nucor Anticipates Softer Second-Quarter Profits

15 June 2017 - Nucor Corp. said it expects its second-quarter earnings to fall short of its first-quarter results as competitive pressure mitigates profits.

Hot Demand From Solar Industry Prompts ArcelorMittal to Boost Production of Its Magnelis Steel

09 June 2017 - ArcelorMittal has expanded its capacity to make its Magnelis line of coated steel, adapting a hot-dipped galvanizing line in Spain to produce the product, the steelmaker has announced.

As Mills Close, China's Rebar Supply Tightens Up

05 June 2017 - The irony here is rich: China is experiencing a short-term shortage of rebar, according to the Bloomberg news service.

North American OCTG Demand Lifts TMK Profits

19 May 2017 - Russian tubemaker TMK posted a US$42 million profit in the first quarter of 2017, buoyed by an improving oil and gas market in North America.

So Far This Year, China Is Exporting Less Steel

08 May 2017 - China’s steel exports have declined 26% through the first third of the year, according to S&P Global Platts.

Steel M&A Picks Up as Prices Recover

08 May 2017 - Rebounding steel prices and capacity cuts in China have triggered a wave of mergers and acquisitions, and plants once considered worthless are now attracting attention from investors, reports the Reuters news service.

Bloomberg: Auto Sales Begin to Cool, But They Might Not Have Been Too Hot in the First Place

04 May 2017 - In the last few years, auto production has been a sustaining end market for steelmakers. But now, demand for cars and trucks might be starting to cool, as has been expected, reports the Bloomberg news service.

Coal Prices, China Capacity Pose Challenges for Japan's Steelmakers

28 April 2017 - Japan’s three top steelmakers are successfully passing along higher raw materials costs to customers, but challenges remain as they start a new fiscal year, reports the Nikkei Asian Review.

As Market Conditions Improve, Steelmakers Appear Ready to Invest

26 April 2017 - Steel prices and demand appear to beginning to recover, and steelmakers are starting to lay new bets on gradual improvement, reports the Bloomberg new service.

World Steel Association Revises Demand Forecast Upwards

21 April 2017 - Global steel demand is expected to rise 1.3% this year to an estimated 1.54 billion metric tons, according the latest short-range outlook from the World Steel Association.

Idled Canadian OCTG Mill to Restart This Summer

27 March 2017 - Tenaris Prudential said it will restart its idled tube mill this summer and plans to recall approximately 100 employees, the company has announced.

Rising Demand Prompts NLMK to Reactivate Hot-Dipped Galvanizing Line

06 February 2017 - NLMK’s U.S. division has restarted the No. 2 galvanizing line at its Sharon Coating plant in Pennsylvania, the steelmaker announced on Monday.

SMA: There's Reason to be Cautiously Optimistic About the Domestic Steel Industry

27 January 2017 - Representatives of the Steel Manufacturers Association said the industry is “cautiously optimistic” about its prospects under the Trump administration.

Great Lakes Iron Ore Shipments Increased in 2016

17 January 2017 - The Soo Locks, which are a vital link between Lake Superior and the other Great Lakes, have closed for annual maintenance, marking the end of the 2016 shipping season. And while overall cargo volumes were down, iron ore shipments increased 7.8 percent, reports the MLive news site.