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Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
Alpha Natural Resources Affiliates Issue Warn Notice to Certain Mining Operations Due to Potential Asset Sale
10 July 2015 - Three operating affiliates of Alpha Natural Resources Inc. have notified their employees that they may sell substantially all of the assets of the mining operations where these employees work.
Schnitzer Steel Industries Reports Third Quarter 2015 Financial Results
09 July 2015 - Schnitzer Steel Industries, Inc. reported financial results for its fiscal 2015 third quarter ended May 31, 2015.
Commercial Metals Company Reports Q3 Earnings
08 July 2015 - Commercial Metals Company announced financial results for its third quarter ended May 31, 2015.
AZZ incorporated Releases Financial Results for First Quarter
07 July 2015 - AZZ incorporated, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, announced financial results for the three month period ended May 31, 2015.
ArcelorMittal Mexico to Cut 2,800 Jobs
06 July 2015 - ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on 1 July, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs.
Dongkuk Steel Set to Shut Down No. 2 Plate Mill
03 July 2015 - As reported by SteelFirst, Dongkuk Steel will shut down one of its two plate mills to cope with an oversupplied domestic market, it announced late on Thursday June 25.
Alpha Natural Resources Idles North Fork No. 7 Mine
26 June 2015 - Alpha Natural Resources said Monday is has idled the North Fork No. 7 metallurgical coal mine in Letcher County, Kentucky, says a report by Platts.
AK Steel Provides Second Quarter 2015 Earnings Guidance
25 June 2015 - AK Steel has provided guidance for its second quarter 2015 financial results.
SMS Group: Customers Remain Reluctant to Invest in New Plants
25 June 2015 - Order intake by the SMS group in the last business year declined to EUR 3.167 billion, (2013: EUR 3.309 billion). Sales, at EUR 3.406 billion, remained at the same level as the previous year (2013: EUR 3.495 billion).
Steel Dynamics Provides Second Quarter 2015 Earnings Guidance
23 June 2015 - Steel Dynamics, Inc. provided second quarter 2015 adjusted earnings guidance in the range of $0.20 to $0.24 per diluted share, excluding the following items:
Most of U. S. Steel's Irvin Employees Back to Work at West Mifflin Plant
19 June 2015 - According to a report by the Pittsburgh Business Times, United States Steel Corporation's Irvin plant in West Mifflin is nearly fully staffed.
TMK IPSCO to Temporarily Shut Down Ambridge Mill For a Month in Line With $15 Million Renovation Plan
19 June 2015 - According to a report by the Pittsburgh Post-Gazette, TMK IPSCO said it will shut down its Ambridge, Pa., USA, seamless tube plant for a little more than a month this summer to make $15 million in improvements.
Nucor Announces Guidance For Its Second Quarter Earnings
19 June 2015 - Nucor Corporation announced guidance for its second quarter ending July 4, 2015.
Salzgitter AG Closes HSP Hoesch Spundwand un Profil GmbH
17 June 2015 - The Executive Board of Salzgitter AG took the decision in its meeting on 16 June 2015 to close down the operations of HSP Hoesch Spundwand und Profil GmbH (HSP), a wholly-owned subsidiary of Salzgitter AG.
Voestalpine Gets a Significant Boost in Earning in the Business Year 2014/15
12 June 2015 - In a global economic environment that is inconsistent, the voestalpine Group continued the positive development of the previous year in the business year 2014/15 (April 1, 2014 to March 31, 2015).
Harsco Corporation Announces Withdrawal of Proposed Public Offering of $250 Million of Senior Notes
11 June 2015 - Harsco Corporation announced that it has withdrawn its previously announced public offering of $250 million aggregate principal amount of senior notes due 2020 (the "Notes") in response to market conditions.
Nucor Announces 169th Consecutive Cash Dividend
10 June 2015 - The board of directors of Nucor Corporation declared the regular quarterly cash dividend of $0.3725 per share on Nucor's common stock.
AHSMA to Cut 20% of Workforce, Suspend Investment Plans
09 June 2015 - Mexican steelmaker Altos Hornos de Mexico, S.A.B. said it is suspending its investment plans and cutting its workforce and output in response to a 40 percent drop in steel prices thus far in 2015.
Usiminas to Temporarily Idle Two Blast Furnaces
29 May 2015 - Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) informed its shareholders in a press release on 18 May of its plans to temporarily shut down two blast furnaces, the No. 1 at Cubatão Plant and the No. 1 at the Ipatinga plant, from 31 May and 4 June 2015, respectively.
Tata Steel reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended March 31, 2015
25 May 2015 - Tata Steel Group (the “Company”) today declared its Consolidated Financial Results for the full year (FY’15) and fourth quarter (Q4FY’15) ended March 31, 2015.
