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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
IREPAS Gives Short Range Outlook for December 2014
16 December 2014 - Oversupply has been evident in the global long steel market from September up to the end of November, slowing down demand, putting pressure on the market and pushing prices downwards.
Platts China Steel Sentiment Index Shows Small Uptick
12 December 2014 - The outlook for China's steel market has improved slightly, with expectations of new orders rising and steel output tipped to stay at November levels, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which shows a headline reading of 37.39 out of a possible 100 points in December.
Outokumpu Gives Update on Market and Technical Issues in Calvert
10 December 2014 - Outokumpu’s stainless steel mill in Calvert, Ala., has experienced technical issues in all of its three cold rolling lines during the past six months. This has had a negative impact on customer deliveries and increased costs.
IREPAS Releases Latest Short Range Outlook for Global Long Products Market
03 December 2014 - The global long steel products market is still showing a high degree of competition, IREPAS said in its Short Range Outlook for November 2014. Demand is strong in North America, the Persian Gulf region and the Southeast Asian market, however, other markets like the EU and South America are still showing some weakness.
AWMI Meets in Savannah for Annual Leadership Conference
01 December 2014 - The annual conference of the Association of Women in the Metal Industries (AWMI) was held 13–15 November 2014 in Savannah, Ga. The meeting provides an array of opportunities for members and conference attendees to touch upon each of AWMI’s cornerstones — educate, grow, network and mentor — by hearing from industry leaders, learning about the latest issues shaping the metals business, interacting with peers and exchanging ideas.
ArcelorMittal Europe Reports €125 Million Operating Profit for Q3 2014
27 November 2014 - ArcelorMittal Europe announced its results for the third quarter of 2014.
Markets on the Upswing: CRU 2014 North American Steel Conference
26 November 2014 - Each year, CRU holds its North American Steel Conference in Chicago, Ill., USA, featuring the latest updates from new and established market players, market and pricing forecasts, and the latest on the international trading front.
ArcelorMittal's Quarterly Results Show Considerable Improvement in Steel Business
25 November 2014 - ArcelorMittal announced results[1] for the three and nine month periods ended 30 September 2014.
Ryerson's Shipments Fall in Third Quarter
21 November 2014 - Ryerson Holding Corporation, a leading distributor and processor of metals, reported results for the third quarter of 2014.
Platts China Steel Sentiment Index Falls to Record Low
19 November 2014 - Chinese steel market participants expect steel demand to weaken further this year, with the outlook for new export orders dropping dramatically, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a headline reading of 25.61 out of a possible 100 points in November 2014.
Lower Demand for Steel Reduces Gerdau's Performance in Q3
17 November 2014 - Gerdau closed the third quarter of 2014 with a shipment volume of 4.6 million metric tons of steel, which is 4.5% lower compared to the same period last year.
Ternium: Steel Demand in U.S. & Mexico Remains Healthy
11 November 2014 - Ternium S.A. announced its results for the third quarter and first nine months ended 30 September 2014.
Konecranes Makes Apprenticeship Rally Cry
11 November 2014 - Leading lifting equipment specialist, Konecranes, is aiming to make its voice heard when it comes to promoting the need for continued advancements in apprenticeship provision in the UK.
voestalpine’s Earnings Jump in First Half of Business Year
05 November 2014 - As it reported its earnings results, voestalpine said signs of a stabilizing or strengthening economy have faded, at least for Europe.
EUROFER Predicts Modest Strengthening Steel Demand in 2015 Despite Weakened Sentiment
05 November 2014 - Economic growth in the EU remained soft so far this year, with particularly a disappointing performance of the Euro area in the second quarter, EUROFER said in its Q3 market report. Exports were the key driver of growth rather than domestic demand.
AK Steel's Third Quarter Performance Exceeded Expectations
04 November 2014 - As it reported its third quarter results, AK Steel commented on its recent acquisition of Severstal Dearborn, as well as the expected impact of a fourth quarter blast furnace outage.
Northwest Pipe Sees Pressure from Line Pipe Imports
04 November 2014 - Northwest Pipe Co. announced its financial results for the quarter ended 30 September 2014.
Universal Stainless Has Positive Outlook for Its End Markets
31 October 2014 - Universal Stainless & Alloy Products Inc. provided a short term outlook as it posted solid third quarter results.
CMC Reports Quarterly Earnings, Sees Continued Market Growth
31 October 2014 - As it reported its earnings for the quarter ended 31 August 2014, Commercial Metals Co. said that, while macroeconomic and geopolitical concerns remain, all indications suggest continued market growth in fiscal 2015.
Schnitzer Steel Reports Strong Quarterly Performance
30 October 2014 - Schnitzer Steel Industries said its fourth quarter improvement reflects its strong focus on executing productivity improvements and maximizing market opportunities in a still challenging environment.
