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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
ArcelorMittal Upgrades Forecast for European Steel Demand in 2014
15 May 2014 - ArcelorMittal Europe announced results for the first quarter of 2014, recording an operating profit of €58 million.
IREPAS: Bright Spots in Global Long Steel Demand Despite Ongoing Uncertainties
14 May 2014 - The global long steel products market is still characterized by uncertainty amid the adverse effects of ongoing political tensions, IREPAS says in its latest short range outlook.
ArcelorMittal’s Improving Quarterly Results Reflect Recovering Steel Markets
14 May 2014 - ArcelorMittal, the world’s leading integrated steel and mining company, announced results for the three month period ended 31 March 2014.
Universal Stainless Seeing Strong Market Demand
05 May 2014 - Universal Stainless & Alloy Products Inc. reported net sales for the first quarter of 2014 of US$46.7 million, an increase of 16% from the fourth quarter of 2013.
Outokumpu Sees Stainless Steel Market Picking Up
02 May 2014 - As it reported its first quarter results, Outokumpu reiterated its cautiously optimistic view of the markets for the second quarter.
Platts China Steel Sentiment Index Indicates Slowed Demand Growth For May
02 May 2014 - The health of China's steel sector appears to be leveling off and likely to see less support from demand growth in May, according to the latest Platts China Steel Sentiment Index (Platts CSSI), which showed a reading of 50.34 out of a possible 100.
Ternium Reports Higher First Quarter Results, Gives Outlook
01 May 2014 - Ternium S.A. announced its results for the first quarter ended 31 March 2014.
Olympic Steel Gives Favorable Outlook for Remainder of the Year
01 May 2014 - Olympic Steel Inc., a national metals service center, announced financial results for the first quarter ended 31 March 2014.
U. S. Steel Reports Improvement in Q1 Results Despite Weather-Related Issues
30 April 2014 - United States Steel Corporation reported first quarter 2014 net income of US$52 million compared to a first quarter 2013 net loss of US$73 million and fourth quarter 2013 net income of US$270 million.
Reliance Steel Expects Continued Slow, Steady Recovery in Demand
29 April 2014 - In the first quarter of 2014, Reliance Steel & Aluminum Co. said it the overall improvement in demand that it experienced in the second half of 2013 continued and it also saw the normal seasonal pick-up compared to the fourth quarter of 2013.
Carpenter Technology Posts Strong Quarter Despite Weather-Related Issues
28 April 2014 - Carpenter Technology Corp. said weather-related expenses mask the company's strong operating performance in the first quarter of the year.
SSAB 'Cautiously Positive' for the Steel Market in 2014
25 April 2014 - SSAB president and CEO Martin Lindqvist commented on the performance of the company in the first quarter of 2014:
Timken Encouraged by Rebound in Steel Bookings
25 April 2014 - The Timken Co. reported stronger demand in its Steel and Process Industries segments, helping drive sales higher in the first quarter of the year.
Nucor Expects Improvement in Second Quarter Over First
24 April 2014 - Nucor said the largest factor contributing to its decrease in earnings was severe weather conditions, which disrupted customer demand, decreased the amount of railcar availability, contributed to increased energy costs at its steel mills and exacerbated conditions in the seasonally weaker performance of its fabricated construction products businesses.
Insteel Industries Comments on Quarterly Results, Provides Outlook
18 April 2014 - Insteel Industries, Inc. announced financial results for its second quarter ended 29 March 2014.
SDI Impacted by Winter Weather, but Confident in Broad Economic Recovery
17 April 2014 - Steel Dyanamics Inc.announced its first quarter results which were affected by uncharacteristically severe and prolonged winter weather conditions that resulted in increased energy costs, reduced production, diminished availability of transportation and lower shipments.
EUROFER: EU Recovery is Broadening, Steel Market Balance Will Remain Fragile
17 April 2014 - Strengthening indicators and evidence of improving dynamics suggest that the EU economy is well on track for recovery this year and into 2015, EUROFER says.
Outokumpu Cautiously Optimistic; Sees Modest Improvement in Underlying Market Demand
14 April 2014 - In his review at the company's annual general meeting on 14 April, CEO Mika Seitovirta presented Outokumpu’s results and market environment in 2013 as well as the measures Outokumpu has taken to improve its financial position and profitability.
Carpenter Technology Provides Update on Expected Third Quarter Earnings
11 April 2014 - Carpenter Technology Corp. said weather-related expenses in the first quarter of the year were roughly double what it expected, negatively impacting earnings.
Metinvest Announces Results for Full Year 2013
11 April 2014 - Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies, announced its audited consolidated financial results for the 12 months ended 31 December 2013.
