Steel News

New Millennium Iron Corp. Announces Financial Results for the First Quarter

20 May 2015 - New Millennium Iron Corp. (“NML” or the “Company”) announced its financial results for the first quarter ended March 31, 2015.

ThyssenKrupp Reports Positive Performance in the First Six Months of Fiscal Year 2014/2015

20 May 2015 - The industrial and technology group ThyssenKrupp achieved its operating targets in the 2nd quarter and in the 1st half of fiscal year 2014/2015 and has specified and raised its forecast for the full year.

JSW Steel Posts Financial Results for the Fourth Quarter

20 May 2015 - JSW Steel Limited reported its results for the Fourth Quarter and the Financial Year ended 31st March, 2015.

POSCO Investor Relations Meeting Announces Increase in Rate of Business Profit for the First Quarter

15 May 2015 - POSCO held an Investor Relations meeting on 21 April, where it announced that it had recorded 15.1 trillion won in sales revenue and 731 billion won in business profit on a consolidated basis for the first quarter.

Ryerson Announces First Quarter 2015 Results

13 May 2015 - Ryerson generates strong cash flow in a difficult metals environment.

CSN Announces 1Q15 results

12 May 2015 - CSN – Companhia Siderurgica Nacional announced its results for the first quarter of 2015 (1Q15).

TimkenSteel Holds Annual Meeting of Shareholders; Declares Fourth Consecutive Quarterly Dividend

12 May 2015 - TimkenSteel, a leader in customized alloy steel products and services, today held its first annual meeting of shareholders, where shareholders elected three board members to three-year terms: Joseph A. Carrabba, retired chairman, president and CEO of Cliffs Natural Resources, Inc.; Phillip R. Cox, president and CEO of Cox Financial Corp.; and John P. Reilly, retired chairman, president and CEO of Figgie International.

ArcelorMittal Reports Results for the First Quarter of 2015

11 May 2015 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three-month period ended March 31, 2015.

ArcelorMittal Europe Reports Operating Profit of €281 Million for Q1 2015

11 May 2015 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three-month period ended March 31, 2015.

ANDRITZ GROUP: Results for the First Quarter of 2015

07 May 2015 - International technology Group ANDRITZ recorded a solid business development in the first quarter of 2015.

Praxair Reports First-Quarter 2015 Results

07 May 2015 - • Sales of $2.8 billion, EPS of $1.43 • EBITDA and operating margins grew to 33.0% and 22.6%, respectively* • Signed two long-term agreements to expand U.S. Gulf Coast and Southern China production networks for petrochemical customers; supply systems to start-up 2017 • $0.4 billion returned to shareholders through dividends and net share repurchases; diluted shares 2% below prior-year quarter • Return on capital 12.6%; return on equity 29.6%* • Full-year 2015 EPS guidance of $5.90 to $6.15, up 4% to 8% year-over-year, ex-FX* and 2Q15 $1.40 to $1.48

MRC Global Announces First Quarter 2015 Results

07 May 2015 - - Sales of $1.292 billion - Net income of $29 million - Diluted EPS of $0.28 per share - Adjusted EBITDA of $87 million

ABB Reports Solid 1Q Growth in a Mixed Market

06 May 2015 - First-quarter highlights: -15% order growth1, revenues return to growth at +3% -Operational EBITA margin2 steady -Net income up 4% -Increased cash from operations -Financials impacted by currency translation due to strong appreciation of US dollar -Continued progress on Power Systems ‘step change’ program -Next Level strategy: Collaboration drives large combined power and automation orders

Grupo Simec Announces Results of Operations for the First Quarter of 2015, Ended March 31, 2015

06 May 2015 - Grupo Simec, S.A.B. de C.V. announced its results of operations for the three-month period ended March 31, 2015.

TimkenSteel Corporation Announces First-Quarter 2015 Results; Reports Earnings Per Share of $0.15

05 May 2015 - - Net sales of $388.7 million is flat to prior-year quarter. - Reported earnings per share of $0.15, a 76.1 percent decrease over adjusted(1) prior-year quarter. - Paid quarterly dividend of $0.14 per share. - Opened advanced technology center in Canton, Ohio.

Salzgitter-Group Announces Strong First Quarter of 2015

04 May 2015 - In the first quarter of the financial year 2015 the Salzgitter Group generated external sales of € 2.3 billion, reflecting a stable performance over the previous quarter, and posted a pre-tax profit of € 51.8 Mio. (first quarter of 2014: € –8.7 million).

Universal Stainless Reports First Quarter 2015 Results in Line With Preliminary Forecast

01 May 2015 - • Net Sales are $56.0 Million - Highest in 10 Quarters • Premium Alloy Sales Reach Record 9% of Total Sales • Gross Margin and Operating Income Reduced by Effect of Commodity Price Drop on Surcharges • Net Income Totals $0.1 Million, or $0.02 per Diluted Share • Quarter-End Backlog Is $58.5 Million

Konecranes PLC - Interim Report January–March 2015

01 May 2015 - Strong order intake, service result continued to improve,equipment result weak.

Outokumpu Reports EUR 2 Million Underlying EBIT for the First Quarter of 2015

01 May 2015 - Outokumpu reported underlying EBIT of EUR 2 million versus EUR -9 million in the fourth quarter of 2014. The improvement in profitability was driven by higher volumes and steady performance in Coil EMEA, whereas Coil Americas’ performance was disappointing.

United States Steel Corporation Reports 2015 First Quarter Results

01 May 2015 - -- Net loss of $75 million, or $0.52 per diluted share; Adjusted net loss of $10 million, or $0.07 per diluted share -- Adjusted EBITDA of $110 million -- Operating cash flow of $136 million -- Total liquidity of $2.8 billion, including $1.3 billion of cash -- Updated full-year 2015 outlook to adjusted EBIT of $115 million to $315 million and adjusted EBITDA of $700 million to $900 million