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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
Nucor Says It’s Having a Record Quarter
09 February 2021 - Nucor Corp. expects to report record first-quarter earnings that could exceed US$900 million, the steelmaker said on Tuesday.
Steel Dynamics’ Q4 Profits Increase
28 January 2021 - Steel Dynamics Inc. (SDI) saw its fourth-quarter earnings climb to US$188 million on near-record steel shipments and rising prices and is looking for the positive momentum to continue going into the new year.
Nucor Reports Profitable End to 2020, Sees Continued Strength in Early 2021
28 January 2021 - Higher sheet and plate prices helped push Nucor Corp.’s fourth-quarter earnings to US$398.8 million, the steelmaker said Thursday.
China Increases Share of Global Steel Production
27 January 2021 - Global crude steel production slipped by 1% in 2020, but China took a larger share of production, with its output exceeding 1 billion metric tons, according to preliminary World Steel Association data.
Cleveland-Cliffs Expects Significant Q4 Revenue Increase
25 January 2021 - Cleveland-Cliffs Inc.'s fourth-quarter revenues likely will exceed US$2 billion, the iron ore miner and steelmaker said on Monday.
voestalpine Returns Idled Blast Furnace to Service
21 January 2021 - voestalpine has restarted the second blast furnace at its Donawitz site in Austria to meet rising long products demand, the steelmaker has said.
With Flat-Rolled Prices Rising, Nucor, SDI Forecast Higher Q4 Earnings
17 December 2020 - The two major U.S. mini-mill operators are each expecting fourth-quarter earnings to outpace their Q4 2019 results, the companies said on Thursday.
ATI Plans Stop to Standard Stainless Sheet Production
03 December 2020 - Stainless steel and specialty alloys producer Allegheny Technologies Inc. (ATI) is exiting the standard stainless sheet business and will redeploy capital to focus on high-value products primarily for the aerospace and defense sectors.
U. S. Steel to Restart Gary No. 4 BF
02 December 2020 - With steel demand continuing to rebound, United States Steel Corporation will restart an Indiana blast furnace next week, reports the The Times newspaper of northwest Indiana.
Alacero: Recovering Steel Demand Pushes Production to Pre-Pandemic Levels
19 November 2020 - Latin American steel production returned to pre-pandemic levels in September, lifted by a recovery in steel consuming sectors, reports the Alacero, the Latin America Steel Association.
Stelco Nears Completion of Pig Iron Caster
12 November 2020 - Stelco Inc. expects to commission its new pig iron caster by the end of this year, company executives said Thursday.
EU Steel Industry Faces Major Changes
22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.
SDI Sees Q3 Profit on Recovering Auto Sector
20 October 2020 - A strong demand recovery led Steel Dynamics Inc. to a profitable third quarter, the Indiana-based steelmaker said on Monday.
Nippon Steel Exec Sees EAFs in Its Future
20 October 2020 - Against the backdrop of increasing competition, Nippon Steel Corp. is evaluating the expanded use of electric-arc-furnace-based production, reports the Bloomberg news service.
LIBERTY Steel Looks to Acquire thyssenkrupp
19 October 2020 - LIBERTY Steel Group has put a non-binding offer on the table for thyssenkrupp’s steelmaking unit, saying that the combined companies would be in a better position to face Europe’s steel market challenges.
Forecast: Steel Demand Is Down, But Not as Much as First Feared
15 October 2020 - The World Steel Association has revised up its biannual global demand forecast, saying that a strong recovery in China will soften the overall impact of the COVID-19 pandemic.
In Poland, ArcelorMittal Mothballs Two BFs. In Italy, It May Have a New Partner for Steel Works.
09 October 2020 - ArcelorMittal Poland will permanently close the hot end of its Krakow works, saying that there’s not enough demand, or market protection from unfairly traded imports, to support it, reports Kallanish Commodities.
Nippon Steel Plans BF Restart on Improving Demand
06 October 2020 - Japan’s Nippon Steel Corp. will restart a blast furnace that was idled earlier this year due to pandemic-driven declines in demand, reports commodities news and pricing service Argus.
Rising Steel Capacity Is Cause for Deep Concern, OECD Says
01 October 2020 - Despite the severe drop in steel demand caused by the COVID-19 pandemic, global steel capacity is rising and could reach 700 million metric tons in excess of production this year, reports the Organisation for Economic Co-operation and Development steel committee.
ArcelorMittal to Return Brazilian BF to Service
24 September 2020 - Anticipating an economic recovery, ArcelorMittal Brazil plans to restart a blast furnace at its Tubarão facility next month, reports commodities news and pricing service S&P Global Platts.
