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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
Tata Steel Reports Steady Performance Across Its Operations
13 February 2014 - As it reported its results for the nine-month period ended 31 December 2013, Tata Steel said positive earnings momentum continued even in a seasonally weak period.
IREPAS Provides Short Range Outlook for Long Products Markets
11 February 2014 - In its short range outlook for February 2014, IREPAS says difficulties in emerging markets are adversely impacting long steel business.
voestalpine Reports Solid Financial Results in Challenging Economy
11 February 2014 - The voestalpine Group reported its results for the nine months ended 31 December 2013 and also provided an update on its DRI project in Texas.
ArcelorMittal Sees Recovery in Underlying Steel Demand, Mild Restocking in Europe
10 February 2014 - ArcelorMittal announced results for its Flat Carbon Europe segment for the fourth quarter of 2013.
ArcelorMittal Cautiously Optimistic as it Reports 2013 Results
07 February 2014 - ArcelorMittal, the world’s largest integrated steel and mining company, announced results for the three and twelve-month periods ended 31 December 2013.
SSAB Announces Results of Challenging 2013
07 February 2014 - SSAB announced its fourth quarter and full year 2013 results, commenting on market conditions and providing an outlook for the North American and European markets in 2014.
Universal Stainless Reveals Optimistic Outlook for 2014
05 February 2014 - As it reported its 2013 earnings results, Universal Stainless revealed a more positive view about the current year, especially the second half, based on current market expectations.
ANDRITZ Expects 2014 to Be Similar to Disappointing 2013
04 February 2014 - As it reported its 2013 results, ANDRITZ said it was a disappointing business year but noted positive developments in its metals business.
ATI Provides 2013 Results, Outlook for 2014
31 January 2014 - Allegheny Technologies Inc. announced its earnings results for 2013, commenting on progress made throughout the year, as well as commenting on current market conditions.
SunCoke Energy Achieves 2013 Targets Despite Weak Fourth Quarter
31 January 2014 - Reporting on its 2013 results, SunCoke Energy said the same factors affected the fourth quarter as affected the full year, including the current weak coal price environment and lower than expected results at its Indiana Harbor cokemaking facility.
U. S. Steel Receives President Obama for Tour, Speech at Mon Valley Works
30 January 2014 - The United States Steel Corporation hosted U. S. President Barack Obama at its Mon Valley Works steel mill outside Pittsburgh, Pa., on 28 January 2014.
Carpenter Technology Reports Strong Quarter, Sees Positive Signs of Growth
30 January 2014 - Carpenter Technology Corporation announced financial results for the quarter ended 31 December 2013.
Timken Predicts Its Steel Sales to Increase 12–17% This Year
30 January 2014 - As it reported its 2013 earnings results, The Timken Company said the spinoff of its steel business into a separate company should be complete by the middle of 2014.
Nucor Reports Improvements in Sheet as Longs Segment Performance Decreases
28 January 2014 - Nucor Corporation announced consolidated net earnings of US$488.0 million for the full year 2013, compared with consolidated net earnings of US$504.6 million for the full year 2012.
U. S. Steel Reports Results, Continues "Multi-Year Journey" to Profitability
28 January 2014 - United States Steel Corporation reported a fourth quarter 2013 net loss of US$122 million compared to a third quarter 2013 net loss of US$1,791 million and fourth quarter 2012 net loss of US$50 million.
SDI Optimistic for 2014 as It Reports 2013 Results
28 January 2014 - Steel Dynamics, Inc. announced fourth quarter net income of US$55 million on net sales of US$1.9 billion.
AK Steel Says It Continues to Make Progress, "Add Value"
28 January 2014 - AK Steel reported net income of US$35.2 million for the fourth quarter of 2013, compared to a net loss of US$230.4 million for the fourth quarter of 2012.
China Gerui Comments on China's Steel Industry Restructuring Policy
27 January 2014 - China Gerui Advanced Materials Group Limited, a high precision, cold-rolled steel producer in China, recently commented on the Chinese Government's recent accelerated initiatives to restructure its steel industry.
AISI: Repeal of Key Provisions in Tax Reform Would Raise Tax Rate on Industry
20 January 2014 - The American Iron and Steel Institute (AISI) submitted comments to the Senate Finance Committee highlighting industry concerns with proposals in the tax reform discussion draft released last month.
Insteel Sees Signs of Broader Recovery Developing in Non-Res Construction
16 January 2014 - Insteel Industries, Inc. announced financial results for its fiscal first quarter ended 28 December 2013, also commenting on market conditions and providing an updated outlook.
