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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
Salzgitter Reports Results in Difficult Steel Market
15 August 2014 - The Salzgitter Group closed the first half of 2014 with a significant year-on-year improvement in its pre-tax result approximating breakeven.
Global Metals Deal Activity Rebounds in the Second Quarter of 2014
12 August 2014 - Merger and acquisition (M&A) activity in the global metals sector surged in the second quarter of 2014, showing robust growth from both a sequential and year-over-year basis as companies looked to acquire assets across key industries to strengthen their growth opportunities and drive higher-margin sales, according to PwC US.
Northwest Pipe Expects Low Margins as High Import Levels Impact Line Pipe Market
11 August 2014 - Northwest Pipe Company announced its financial results for the quarter ended 30 June 2014.
Olympic Steel Reports Record Net Sales
08 August 2014 - Olympic Steel, Inc., a national metals service center, announced financial results for the second quarter and six months ended 30 June 2014.
Alpha Natural Resources Downsizing West Virginia Mining Operations
08 August 2014 - Eight operating affiliates of Alpha Natural Resources, Inc. have notified their employees that the coal mines and other facilities where they work are subject to being idled due to sustained weak market conditions and government regulations that have challenged the entire Central Appalachian mining industry.
ArcelorMittal Europe Raises Growth Forecast After Second Consecutive Quarter of Improvements
05 August 2014 - ArcelorMittal Europe announced its results for the second quarter of 2014.
Universal Stainless Earnings Boosted by Increasing Demand from Aerospace
05 August 2014 - Universal Stainless & Alloy Products Inc. reported that net sales for the second quarter of 2014 were US$52.3 million, an increase of 12% from the first quarter of 2014 and 22% higher than the second quarter of 2013.
voestalpine Significantly Improves Results in First Quarter of 2014/15
05 August 2014 - “Despite ongoing inconsistent economic trends in the most important economic regions worldwide, the voestalpine Group’s results in the first quarter of the business year 2014/15 continued to be solid,” said Wolfgang Eder, CEO and chairman of the Management Board of voestalpine AG.
ArcelorMittal Increases Steel Demand Forecast for Europe and U.S.
04 August 2014 - ArcelorMittal announced results for the three and six month periods ended 30 June 2014.
Gerdau Sees Continued Demand Growth in North America
01 August 2014 - Gerdau's net revenue reached R$10.4 billion (US$4.6 billion) in the second quarter of 2014, an increase of 5.7% over the same period last year. This expansion was due especially to the continued growth in demand for steel in North America, which is one of Gerdau's main markets.
Severstal NA's Results a 'Testament to Transformation' Taking Place at Company
01 August 2014 - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of Severstal, reported another strong financial performance in the second quarter of 2014.
TimkenSteel's Sales Growth Driven by Energy, Industrial Market Sectors
31 July 2014 - TimkenSteel Corp., a leader in customized alloy steel products and services, reported second-quarter net income of US$28.6 million on US$442.2 million of net sales, compared to net income of US$25.3 million on net sales of US$354.1 million in the second quarter of 2013.
U. S. Steel Posts US$18 Million Net Loss in Second Quarter
30 July 2014 - U. S. Steel said the impacts of the extraordinary weather conditions and operational issues that began in the first quarter resulted in continuing operating inefficiencies; higher repairs and maintenance costs; and logistical issues that temporarily limited its production capabilities during the second quarter.
Carpenter Reports Improving Quarterly Results
30 July 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 30 June 2014.
AK Steel Reports Improved Second Quarter Results
29 July 2014 - AK Steel reported its financial results for the second quarter of 2014.
Reliance Steel Reports Record Quarterly Sales in Q2
29 July 2014 - While the company was somewhat disappointed with demand growth in the second quarter, Reliance does expect the economy to continue to improve with the potential for continued volume improvement in the second half of 2014.
SunCoke Energy Inc. Reports Second Quarter 2014 Results
28 July 2014 - SunCoke Energy Inc. reported second quarter 2014 net loss attributable to shareholders of US$49.2 million, or US$0.71 per diluted share.
SSAB Reports Positive H1 Results, Provides Outlook for Remainder of Year
25 July 2014 - SSAB said it expects its North American operations to continue to develop positively during the second half of 2014, driven by an improved market and positive effects of previous price increases.
Nucor Reports Improved Mill Performance in Second Quarter
24 July 2014 - As it reported its second quarter earnings results, Nucor said it expects to see a stronger improvement in earnings in the third quarter.
EUROFER: EU Recovery Taking Hold; Rising Imports May Absorb Growth in Steel Demand
23 July 2014 - Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest, EUROFER reports.
