.gif?lang=en-US&ext=.gif)
-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
.gif?width=200&height=200&mediaprotectionhash=ddb07947ad3b4ab959a83714461eccd5c6895f370695eb035a9ff7aa736f8ad9&ext=.gif)
Economy & Markets
The latest on the economy's health and the markets driving the supply and demand of steel.
Latest News
SDI Reports Profitable Q4, Begins Commissioning of Aluminum Plant
23 January 2025 - Steel Dynamics Inc. (SDI) posted a fourth-quarter profit of US$1.36 per diluted share and said it expects to see healthy demand in the year ahead.
Hyundai Steel Sales to Outside Automakers Tops 20%
21 January 2025 - Hyundai Steel has reached a new sales milestone, selling more than 1 million metric tons of automotive sheet in 2024 to foreign automakers other than affiliates Hyundai and Kia, reports The Korea Economic Daily.
ArcelorMittal South Africa Halts Long Steel Operations, Shifts Focus to Flat Steel Future
06 January 2025 - ArcelorMittal South Africa is winding down its long steel business, citing unsustainable operational challenges, weak market conditions, and rising costs, the steelmaker has announced.
SDI Guides to Lower Q4 Earnings
17 December 2024 - Steel Dynamics Inc. (SDI) expects to see its fourth-quarter profits fall partly on account of lower average prices for its mills and an unplanned outage at its Butler, Ind., USA, facility.
Mittal: Better Policy Needed to Preserve European Steelmaking
04 December 2024 - If Europe wants to continue to produce iron and steel, then it must immediately commit to building a better policy framework, ArcelorMittal founder and executive chairman Lakshmi Mittal writes in a (London) Financial Times op-ed.
thyssenkrupp Proposes Job Cuts, Capacity Reduction
26 November 2024 - thyssenkrupp’s steel division is looking to shed 11,000 jobs over the next five years and reduce its steelmaking capacity as it attempts to reorient itself in changing European market.
World Steel Association Forecast Points to a Down Year for Steel Demand
17 October 2024 - The World Steel Association has revised down its 2024 demand outlook, saying it now expects the world to require 1.75 billion tons this year.
Chinese Exports on Pace for 100M Metric Tons in 2024
15 October 2024 - With three months still to go in 2024, Chinese steel exports to the rest of the world have reached 81 million metric tons, up 21% from 2023, reports the Bloomberg news service.
Nippon Steel to Divest Stake in Alabama Rolling Mill
15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.
Surging Imports Prompt Liberty Steel and Wire to Pause Production
26 September 2024 - Liberty Steel and Wire is throttling back production and temporarily laying off employees at its Peoria, Ill., USA, facility, reports the (Peoria, Ill.) Journal Star newspaper.
Report: China’s Steel Industry Could See Wave of Consolidation
23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.
Chinese Steel Exports Resurge
03 September 2024 - Chinese steel exports are on pace to reach or exceed 100 million metric tons this year, an eight-year high, reports the (London) Financial Times.
China Reconsiders Capacity Swap Program
26 August 2024 - With China’s demand for steel on the decline, the government is rethinking its policy for allowing new steel mills to be built, according to the Bloomberg news service.
China Baowu Braces for a “Harsh Winter”
14 August 2024 - China Baowu Steel Group Corp. is warning of the potential for China’s steel slowdown to spill over to the rest of the world and deepen its own problems, the Bloomberg news service reports.
New Wave of Chinese Steel Exports Softening Prices, ArcelorMittal Says
01 August 2024 - ArcelorMittal saw its second-quarter profits fall and said Chinese steel exports have put the market in “unsustainable” territory.
Nippon Steel Sells Stake in Chinese JV
23 July 2024 - Japan’s Nippon Steel Corp. is pulling out of its Chinese joint venture with Baoshan Iron & Steel, ending a 20-year relationship.
Worldsteel: Global Demand to Rise Slightly in 2024
10 April 2024 - Global steel demand is forecast to rise 1.7% this year, growing to 1.79 billion metric tons, according to a new forecast from the World Steel Association.
Citing ITC Decision, Cleveland-Cliffs to Idle Weirton Tin Mill
15 February 2024 - Cleveland-Cliffs Inc. is indefinitely idling its Weirton, W.Va., USA, tin mill, laying the blame with the U.S. International Trade Commission (ITC) for its refusal to impose duties on imported tinplate.
JSW Steel Sees Indian Steel Demand Growing
30 January 2024 - India’s JSW Steel is forecasting that Indian steel demand could grow 8% to 10% in the next few years, driven in part by infrastructure construction, according to the company’s managing director.
U. S. Steel Reports Fourth Quarter Guidance, Mum on Sales Process
15 December 2023 - U. S. Steel expects to report fourth quarter adjusted net earnings of between 20 cents to 25 cents per diluted share, the company has announced.
.png?lang=en-US&ext=.png)