Steel Mills

Kloeckner Metals Margins Hit by Price Declines
Written by Sandy Williams
May 7, 2015
Klöckner & Co SE EBITDA was heavily impacted by the sharp price declines in the U.S. EBITDA of €10 million ($11.2 million) was reported down from €45 million ($50.7 million) in Q1 2014
Shipments for Kloeckner Metals (the Americas segment) were up 0.6 percent y/y to 682,000 tonnes (751,763 tons). US shipments were up by 1.7 percent.
Sales rose 20.8 percent y/y to €672 million ($757 million). Gross margins at Kloeckner Metals were impacted by declining steel prices, slipping 2.8 percentage points to 14.2 percent. EBITDA margin was down 2.7 percentage points to 1.0 percent. EBITDA fell 66.1 percent from €21 million ($23.7 million) in Q1 2014 to just €7 million ($7.9 million) in Q1 2015.
In the business outlook for 2015, real steel demand is expected to rise 1-2 percent in the U.S. with growth in construction, manufacturing, and automotive.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Trump says Section 232 tariff on steel, aluminum to double to 50% at Pennsylvania rally celebrating Nippon-USS deal
At a rally celebrating a “planned partnership” between U.S. Steel and Nippon Steel, President Trump announced higher tariffs on steel and aluminum imports into the United States, and revealed few more details on Nippon’s investment in USS’ operations.

CRU: Trump hails a partnership of Nippon with USS
In a social media post, President Donald Trump said a planned partnership between Nippon Steel and U.S. Steel will add $14 billion to the US economy and ensure USS remains headquartered in Pittsburgh.

Trump approves $14B Nippon Steel-USS ‘partnership’
President Donald Trump on Friday gave his blessing to a $14-billion "partnership" between Nippon Steel and U.S. Steel.

Cliffs opens June spot order book at $910/ton HR
Cleveland-Cliffs opened its June order book for spot material at $910 per short ton (st).

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.