Steel Dynamics Inc. (STLD) provided a third-quarter earnings outlook, with the top of the range in line with Wall Street expectations, as the steelmaker said it expects profitability from steel operations to increase from the second ...
Tags: Construction, steel
Supply remains relatively tight in the US sheet market, apparently slowing seasonal erosion, market sources said Thursday. A service center executive said that flat-rolled lead times, particularly cold-rolled lead times, were healthy due ...
Tags: Sheet Steel, Mineral
It's reported that Nucor announced to cut surcharges for rebar and medium-and-small section steel products to US$227/ton for shipments after May 21st, decreasing by US$24/ton from April 11st. However, Nucor increased base prices for the ...
Tags: Construction, Metallurgy, Mineral, Energy
According to report, Nucor will follow Gerdau’s long steel products price announced last week with price cut for rebars, most merchant bar, structural products and beams by $20/st, starting the second day of May. The company stated ...
Tags: Nucor, Long Product Prices
The NASDAQ OMX Group, Inc. and World Steel Exchange Marketing, LCC (WSEM) founded by World Steel Dynamics (WSD) in 2009, announced Monday a new partnership to develop financially settled steel and steel scrap futures products to be traded ...
Tags: Steel Futures Platform, Mineral
Reportedly, Gerdau Long Steel North America announced in a letter to its customer that it will cut its base prices for merchant bars by US$20/ton, effective from May 1st. The company stated that it decided to cut prices in order to ...
Tags: Long Steel, Steel
Fort Wayne, Indiana-based steelmaker Steel Dynamics, Inc. announced Friday two senior level management appointments. Robert (Rob) A. Simon has been appointed to the position of Vice President and General Manager of the company's ...
Tags: Steel Dynamics, Mineral
Fort Wayne, Indiana-based Steel Dynamics, Inc. announced late Wednesday Q1 2013 net income of $48 million on net sales of $1.8 billion. By comparison, prior year Q1 net income was $46 million on net sales of $2 billion and sequential Q4 ...
Tags: Steel Dynamics, Mineral
It’s reported that Steel Dynamics, a steel producer and metals recycler in the US forecasted that its earnings in the first quarter of 2013 would be between US$0.17 and US$0.21 per diluted share. Meanwhile, to exclude a favorable ...
Tags: Steel Dynamics, steel producer, steel
Fort Wayne, Indiana-based Steel Dynamics, Inc. said Monday that it anticipates Q1 2013 earnings to be in the range of $0.17 to $0.21 per diluted share, and excluding a Q4 2012 favorable tax adjustment of $0.07 per diluted share, the Q1 ...
Tags: Steel Dynamics, Earnings, Mineral
Fort Wayne, Indiana-based steelmaker Steel Dynamics, Inc. announced Tuesday that John Nolan, Vice President and General Manager of the company's Structural and Rail Division, has been appointed to the newly created corporate level position ...
Tags: Steel Dynamics, steelmaker, Steel
During the speakers' forum at the Port of Tampa 24th Annual Steel Conference on March 1, Patrick McCormick, Managing Partner with World Steel Dynamics, explained that in recent years, scrap demand has been relatively flat--and during ...
Tags: Steel Conference, Steel, scrap prices
At the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting held in Doha on March 3-5, Phil Eglin from World Steel Dynamics (WSD) has said that the recent slowdown in Chinese steel demand is a result of the slowdown in fixed asset ...
Tags: steel demand, steel, Steel Dynamics
The US-based steel industry analysis firm, World Steel Dynamics rated Korean Posco as the world’s most competitive steelmaker for 2013 in a survey of 34 world-class steelmakers, making it on top of the list for the fourth consecutive ...
Tags: steelmaker, steel industry, steel
Fort Wayne, Indiana-based Steel Dynamics, Inc. (SDI) reported late Monday that Q4 2012 net income of $61 million on net sales of $1.7 billion more than doubled earnings of $30 million on sales of $1.9 billion in Q4 2011. Q4 earnings were ...
Tags: steel mill, Earnings, income