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
Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.
Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.
Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.
Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.
Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.