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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
SDI Reports Record Shipments, Improved Metal Spreads in Q2
22 July 2014 - Steel Dynamics Inc. said that despite elevated import levels, the strength of underlying demand coupled with its continued market diversification and customer focus allowed it to achieve record quarterly steel shipments in the second quarter of the year.
ATI Reports Results, Continued Ramp-Up of Hot Rolling and Processing Facility
22 July 2014 - As it reported its second quarter earnings results, Allegheny Technologies Inc. said it continued to see improvement in end market demand throughout the quarter.
Insteel Reports Increasing Capacity Utilization in Quarterly Earnings Report
21 July 2014 - Insteel Industries Inc. announced financial results for its third quarter ended 28 June 2014.
IREPAS: Decent Performance in Global Long Market, But Concerns Rising
11 July 2014 - Global demand has remained at reasonable levels during the course of the last 30 days, IREPAS said in its Short Range Outlook for July 2014.
TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting
23 June 2014 - Members of the executive management team of TimkenSteel Corporation hosted an investor meeting on 19 June to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company
AK Steel Provides Second Quarter 2014 Guidance
20 June 2014 - AK Steel provided guidance for its second quarter 2014 financial results. AK Steel said it expects to report a net loss of $0.19 to $0.23 per diluted share of common stock, which is a substantial improvement over its first quarter results.
Nucor Announces Guidance For Its Second Quarter Earnings
20 June 2014 - Nucor Corporation (NYSE: NUE) announced today guidance for its second quarter ending July 5, 2014. Nucor expects second quarter results to be in the range of $0.35 to $0.40 per diluted share.
Steel Dynamics Provides Second Quarter 2014 Earnings Guidance and Announces Second Quarter Cash Dividend
18 June 2014 - Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.28 to $0.32 per diluted share.
IREPAS: Healthy Demand, but Concerns Persist in Global Long Products Market
09 June 2014 - In its June 2014 Short Range Outlook, IREPAS said demand has continued to improve in the global long steel products market, especially in the Americas and the EU.
Tata Steel Reported Significant Improvement in First Quarter
30 May 2014 - Tata Steel said the improved and steady performance of operations across geographies, despite weak market conditions, led to significantly improved Group performance in the first quarter of the year.
Schnitzer Provides Outlook for Third Quarter of Fiscal 2014
29 May 2014 - Schnitzer Steel Industries Inc. announced its outlook for its third quarter of fiscal 2014 ending 31 May 2014.
Alacero Expects Better Outlook for Latin America in the Medium-Term, If Fair Trade Conditions Are Ensured
27 May 2014 - On 13 May 2014 in Bogotá, Colombia, during the semiannual meeting of Alacero’s Board of Directors, presided by Martin Berardi, participants analyzed the current situation of the steel value chain and defined action lines to strengthen the promotion of the industrialization process and to ensure fair trade conditions in the region.
Gerdau Comments on Positive First Quarter Performance
26 May 2014 - Gerdau’s 15.1% increase in consolidated net income in the first quarter of 2014 was due primarily to the effect of the exchange rate from dollars into reals (BRL), intensification in iron ore sales and the larger volume of steel sold on the domestic Brazilian market and in Latin American countries.
AISI Says New Report Shows Continued Harm From Unfair Imports
22 May 2014 - The American Iron and Steel Institute (AISI) said a new report ("Surging Steel Imports Put Up to Half a Million U.S. Jobs at Risk") released on 13 May reaffirms that the rising tide of foreign steel imports is harming the U.S. steel industry and diminishing the industry’s ability to fully recover from the recession.
USW: New Study Highlights Threats to U.S. Steel Sector
22 May 2014 - United Steelworkers (USW) international president Leo W. Gerard issued the following statement on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production.
ArcelorMittal’s Robrecht Himpe Addresses European Steel Day as New EUROFER President
20 May 2014 - Robrecht Himpe, executive vice president at ArcelorMittal Europe, addressed hundreds of delegates on 15 May 2014 at European Steel Day — as the new president of EUROFER, the European Steel Association.
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.
