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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
EVRAZ Welcomes Northern Gateway Ruling
27 December 2013 - Diversified steel manufacturer EVRAZ North America welcomed the 19 December 2013 ruling by the Joint Review Panel, which brings the proposed Enbridge Northern Gateway Project a significant step closer to final approval.
Moody's: Stable European Steel Outlook Supported by Improving Fundamentals and Sentiment
26 December 2013 - Moody's outlook for the European steel industry is stable and reflects the rating agency's expectations for the fundamental business conditions in the industry over the next 12 to 18 months, saidMoody's Investors Service in a recently-published industry outlook.
AK Steel Provides Fourth Quarter 2013 Guidance
19 December 2013 - AK Steel provided guidance for its fourth quarter of 2013 financial results, noting that it has seen stronger demand in the fourth quarter compared to the third quarter, particularly in carbon sales to the spot market.
Steel Dynamics Provides Fourth Quarter 2013 Earnings Guidance
18 December 2013 - Steel Dynamics Inc. provided fourth quarter earnings guidance, also commenting on current and expected future market conditions.
Alacero at OECD Meeting: Steel Industry Faces Most Difficult Situation Since Late 90s
10 December 2013 - On 5–6 December 2013, Alacero — the Latin American Steel Association — participated in the 75th Steel Committee Meeting of the OECD (Organization for Economic Cooperation and Development).
EU's High Level Group Meets to Discuss the European Steel Industry
10 December 2013 - At the EU's High Level Group on the European Steel Industry on 4 December 2013, Commission vice-president Antonio Tajani declared that there could be no Europe without a strong, competitive steel industry.
U.S. Steel Institute Supports Bill to Continue State Oversight on Shale Gas
21 November 2013 - The American Iron and Steel Institute (AISI) applauded House passage of a bill allowing states to continue to make their own decisions about the regulation of shale oil and gas production.
CRU Conference Day Two: The North American Steel Markets in 2013 and Beyond
13 November 2013 - CRU’s North American Steel 2013 Conference continued on 12 November 2013 and featured talks on currency, the energy markets and their potential for the U.S. market, and outlooks for the scrap and long products markets.
CRU Conference Day One: The North American Steel Markets in 2013 and Beyond
12 November 2013 - CRU is hosting its annual North American Steel Conference this week in Chicago, exploring a range of topics including overviews and outlooks of the industry, pricing mechanisms, and demand drivers covering all areas of the steel supply chain.
EUROFER: European Steel Market Seeing Some Tailwinds At Last
30 October 2013 - EUROFER’s Q4-2013 Economic & Steel Market Outlook provides further evidence of the economic recovery in the EU gaining traction in the months ahead.
China Precision Steel Announces Fiscal 2013 Year End Results
18 October 2013 - China Precision Steel, Inc., a niche precision steel processing company principally engaged in producing and selling high precision, cold rolled steel products, announced its financial results for the fiscal year 2013 ended 30 June 2013.
Latin American Steel Leaders Express Concern About Lack of Industrialization
08 October 2013 - Benjamin Baptista Filho, president of Alacero, André Gerdao Johannpeter and Daniel Novegil, Alacero directors, participated in a panel that focused on Latin America at the worldsteel-47 Congress that took place in Sao Paulo, Brazil, 6–8 October.
World Steel Association Releases Short Range Demand Outlook
07 October 2013 - The World Steel Association (worldsteel) released its Short Range Outlook (SRO) for 2013 and 2014.
U.S. Senate Steel Caucus Hosts Capitol Hill Reception
20 September 2013 - On 12 September, Senate Steel Caucus Co-Chairs Senators Jay Rockefeller (D-WV) and Jeff Sessions (R-AL), and Vice Chairs Senators Sherrod Brown (D-OH) and Pat Toomey (R-PA), hosted an informal meet-and-greet reception on Capitol Hill for current and perspective Senate Steel Caucus Members, as well as representatives from the steel industry.
MSCI: Improvement in July Service Center Shipments Disappears in August
18 September 2013 - U.S. and Canadian service center shipments of both steel and aluminum returned to the year-over-year trend that was experienced earlier this year in contrast to the modest growth displayed last month, the Metals Service Center Institute reports.
Steel Dynamics Provides Third Quarter Earnings Guidance
18 September 2013 - As it reported its earnings guidance for the third quarter of 2013, Steel Dynamics Inc. noted that increased profitability from the company's sheet operations is related to both higher volume and metal spread.
Steel Dynamics Provides Third Quarter Earnings Guidance
18 September 2013 - As it reported its earnings guidance for the third quarter of 2013, Steel Dynamics Inc. noted that increased profitability from the company's sheet operations is related to both higher volume and metal spread.
Nucor Announces Guidance for Third Quarter Earnings
17 September 2013 - Nucor Corporation announced guidance for its third quarter ending 28 September 2013 noting that the strongest end markets continue to be in manufactured goods including energy and automotive.
July U.S. Steel Shipments Up 6% M-o-M, Down 4% Y-o-Y
16 September 2013 - The American Iron and Steel Institute (AISI) reported that for the month of July 2013, U.S. steel mills shipped 8,274,511 tons, a 6.0% increase from the 7,806,319 tons shipped in the previous month, June 2013, and a 4.6% increase from the 7,910,486 tons shipped in July 2012.
SEASI Gives Analysis of Steelmaking and Ferrous Scrap Supply in ASEAN
12 September 2013 - ASEAN’s total steelmaking capacity is estimated at 39.4 million tonnes in 2013 and is expected to expand by 6–7 million tonnes by next year, the South East Asia Iron & Steel Institute (SEASI) reports.
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