Steel Mills

Kloeckner Metals Corp Earnings
Written by Sandy Williams
March 5, 2015
Kloeckner Metals Corp, the Americas segment of Klockner & Co., posted EBITDA of €19 million ($21 million) for fourth quarter 2014, as compared to €2 million ($2.2 million) year over year. Sales for fourth quarter were €604 million, down from third quarter €634 million ($665 million) but up 16.3 percent y/y. Shipments in fourth quarter slipped to 662,000 tonnes (729,717 tons) from 733,000 tonnes (807,980 tons) in each of the previous two quarters. Shipments were 1.4 percent higher on a year over year basis in Q4. The Americas segment includes the U.S., Mexico and Brazil.
Sales for 2014 were up 1.9 percent to €2.402 ($2.65 billion) from €2.359 billion ($2.60 billion) in 2013, due to favorable prices in the first half of 2014. Shipments for the year decreased 1.0 percent to 2,804,000 tonnes (3,090,828 tons). Gross margins increased 0.7 percent to 17.5 percent in 2014. EBITDA for full year 2014 was €100 million ($110 million) up from €60 million ($66 million) in 2013.
“By contrast [to Europe], shipments in the Americas segment decreased by -1.0% year-on-year. This decrease mainly related to our activities in Brazil. Despite a long and difficult winter, the consolidation of locations toward the end of 2013 and margin-based pricing in sales, shipments in the USA were more or less on a par with the prior year,” wrote Klockener in the earnings release.
Klockner noted sales increased by 1.9 percent in the USA despite lower shipments in FY 2014. For 2015, the company expects stronger steel demand in the U.S. driven by automotive and construction.
(€1.00 = $1.10)
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
Nucor scraps plans for new rebar micro mill in Pacific Northwest
Nucor has pulled the plug on a planned rebar micro mill in the Pacific Northwest.
Nucor profits jump, but company cautions on Q4 outlook
Nucor’s profits more than doubled in the third quarter year over year, but the company expects Q4’25 to be lower sequentially.
SDI announces proprietary low-carbon EDGE products
Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
