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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
Steel Industry Leaders to Testify Before U.S. Congress on Unfair Imports Crisis
25 March 2015 - The United Steelworkers Union (USW) will be joining steel company CEOs, and steel industry representatives on Capitol Hill, Thursday, 26 March 2015, 8:30am–10:00pm to testify at a Congressional Steel Caucus hearing on the "State of American Steel."
AK Steel Says Imports Negatively Impacting Shipments
20 March 2015 - AK Steel provided guidance for its first quarter 2015 financial results, saying it expects to report a net loss of US$0.23 to US$0.28 per diluted share of common stock for the first quarter of 2015.
Nucor Sees Q1 Operating Performance Falling in Challenging Market
19 March 2015 - Nucor Corporation announced guidance for its first quarter ending 4 April 2015.
SDI Predicts Stronger Second Half of the Year
18 March 2015 - Steel Dynamics Inc. provided first quarter 2015 earnings guidance.
Northwest Pipe Says Lower Oil Prices Will Impact Q1 Results
16 March 2015 - Northwest Pipe Company announced its financial results for the quarter and year ended 31 December 2014.
Platts China Steel Sentiment Index Rebounded in March
11 March 2015 - The outlook for China's steel market over the next month rebounded dramatically after the Chinese New Year holiday period on expectations of stronger domestic orders, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 72.2 out of a possible 100 points in March.
GrafTech Reports Results in Challenging Graphite Electrode Market
04 March 2015 - GrafTech International Ltd. announced financial results for the fourth quarter and full year ended 31 December 2014.
PwC US: Metals Industry Saw Uptick in M&A Activity in Q4 2014
27 February 2015 - The metals sector recorded a significant increase in merger and acquisition (M&A) activity during the fourth quarter of 2014, but the year overall saw a decline in deal value compared to 2013, according to Forging Ahead, a quarterly analysis of the global deal activity in the metals industry by PwC US.
Olympic Steel Reports Record Q4 Sales
27 February 2015 - Olympic Steel Inc., a national metals service center, announced financial results for the fourth quarter and full year ended 31 December 2014.
Platts China Steel Sentiment Index Plunged in February
24 February 2015 - The outlook for China's steel market for the next 30 days is down on the back of weaker expectations for new domestic and export orders ahead of the long Chinese New Year holiday, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which reflects market participants' expectations.
ArcelorMittal Europe Reports €122 Million Operating Profit for Q4 2014
24 February 2015 - ArcelorMittal announced its results for the fourth quarter ended 31 December 2014. The segment recorded an operating profit of €122m compared with an operating loss of €396m for Q4 2013.
MMK to Maintain Production Volumes, Focus on Maximum Efficiency
10 February 2015 - OJSC Magnitogorsk Iron and Steel Works (MMK) plans to maintain production volumes over the next 10 years at approximately 12 million tonnes of metal annually at its key facility in Magnitogorsk, Russia.
Timken Improves Fourth Quarter, Full-Year 2014 Results
02 February 2015 - The Timken Company reported fourth-quarter sales of US$762.2 million, up approximately 2% over the prior-year quarter.
Carpenter Technology Reports Second Quarter Results
30 January 2015 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2014.
SunCoke Energy Inc. Announces Fourth Quarter 2014 Results
30 January 2015 - SunCoke Energy Inc. announced its results for the fourth quarter and full year 2014.
SDI Reports 2014 Results; Expects Challenging Q1
29 January 2015 - Steel Dynamics Inc. announced 2014 fourth quarter and full-year results.
U. S. Steel Reports Highest Full-Year Net Income Since 2008
28 January 2015 - United States Steel Corporation reported its highest full-year net income since 2008 as the Carnegie Way delivered more earnings power.
Universal Stainless Posts Solid Fourth Quarter 2014 Results
28 January 2015 - Universal Stainless & Alloy Products, Inc. reported that net sales for the fourth quarter of 2014 were US$53.0 million, which is 31% higher than the fourth quarter of 2013, and is in line with third quarter 2014 net sales of US$53.6 million.
Nucor Reports 46% Increase in Earnings in 2014
27 January 2015 - Nucor Corporation announced consolidated net earnings of US$713.9 million, or US$2.22 per diluted share, for the full year 2014, an improvement of 46% compared with consolidated net earnings of US$488.0 million, or US$1.52 per diluted share, for the full year 2013.
U. S. Steel to Adjust Production in Alabama and Texas
27 January 2015 - United States Steel Corporation will temporarily adjust operations at Lone Star Tubular Operations in Lone Star, Texas, and Fairfield Tubular Operations in Fairfield, Ala.
