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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
Cliffs Natural Resources Inc. Reports First-Quarter 2015 Results
30 April 2015 - Cliffs Natural Resources Inc. reported its first-quarter results for the period ended March 31, 2015.
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..
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.
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.
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.
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.
worldsteel Short Range Outlook 2015–2016
21 April 2015 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2015 and 2016. worldsteel forecasts that global apparent steel use will increase by 0.5% to 1,544 Mt in 2015 following growth of 0.6% in 2014. In 2016, it is forecast that world steel demand will grow by 1.4% and will reach 1,565 Mt.
Insteel Industries Reports Second Quarter Financial Results
17 April 2015 - Insteel Industries, Inc. announced financial results for its second quarter ended March 28, 2015.
Modest Trade Recovery to Continue in 2015 and 2016 Following Three Years of Weak Expansion, Says WTO
15 April 2015 - Growth in the volume of world merchandise trade will pick up only slightly over the next two years, rising from 2.8% in 2014 to 3.3% in 2015 and eventually to 4.0% in 2016, WTO economists announced 14 April.
Platts and Fenwei Partnership Launches New China Metallurgical Coal Assessments
13 April 2015 - Platts, a leading global energy and commodities information provider, and Shanxi Fenwei Energy Consulting Company, China's largest and most respected coal market information provider, have deepened their partnership to produce a new independent, editorially-assessed metallurgical coal price series for the Chinese domestic market.
Outokumpu CEO Comments on EU Anti-Dumping, Progress in Calvert
27 March 2015 - Outokumpu held its Annual General Meeting in Espoo, Finland, on 26 March 2015. During the meeting Outokumpu CEO Mika Seitovirta presented the financial results of the company for the year 2014, the market environment and Outokumpu’s continued measures to reach sustainable profitability and financial stability.
Steel Executives Bring Trade and Jobs Focus to Capitol Hill
26 March 2015 - Chief executives from three of the leading steel companies in the U.S told members of the Congressional Steel Caucus on 26 March 2015 that the government needs to dramatically improve policies on trade, investment in the workforce and infrastructure to ensure competitiveness and preserve American jobs in steel and other manufacturing sectors.
CMC Says Imports, Strong Dollar, Excess Global Supply are Top Challenges
26 March 2015 - Commercial Metals Company (CMC) announced financial results for its second quarter ended 28 February 2015.
U. S. Steel to Consolidate Flat-Rolled Operations
25 March 2015 - United States Steel Corporation will consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations in Granite City, Ill.
