Steel Mills
Kloeckner Metals Earnings
Written by Sandy Williams
November 5, 2014
Kloeckner Metals Corporation, the Americas segment of Klockner & Co. SE, had shipments of 733,000 tonnes (807,989 tons) in third quarter 2014, up 2.6 percent year over year due to favorable market development. Shipments were even with second quarter results. Sales were €634 million ($7.9 million), compared to €608 million ($7.5 million) in Q2 and up 6.8 percent year over year.
EBITDA, before restructuring costs, was €29 million ($36 million).
For the fourth quarter, declining prices are expected to have a negative impact on earnings in the Americas segment
Kloeckner Metals Corporation is headquartered in Roswell, Georgia, and consists of three business segments: Flat Rolled Group, Heavy Carbon Group and Special Products Group. Kloeckner also has three divisions: Temtco Steel Division, Kloeckner Metals Processing Division and California Steel & Tube Division.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
SDI earnings slip in Q2 as trade volatility hits customer orders
SDI profits slipped in second quarter amid trade policy volatility.
Cliffs puts ‘for sale’ signs up after another big quarterly loss
Cleveland-Cliffs lost more than $400 million for the third consecutive quarter but predicted results would improve in the second half of the year. And shares of the Cleveland-based steelmaker surged after company executives said during its Q2 earnings call on Monday that they could make billions by courting foreign investors or selling assets.
Algoma sees narrower Q2 loss but feels tariff sting
Algoma Steel expects a narrower sequential loss in the second quarter, but the company continues to be impacted by the US tariff situation.
Nippon plans to double steel output at USS operations: Report
Now that it has acquired U.S. Steel, Nippon Steel is planning a significant expansion of its US operations, including the construction of a new mill and more than doubling its steel output.
Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.