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

Cleveland-Cliffs quietly removes name from Steelton mill
The Cleveland-Cliffs name has been removed from its idled Steelton rail mill. SMU asked Cliffs about the move and if it might signal that it is selling the mill...

Nucor sees sequentially lower Q3 profits across all three business segments
Nucor's third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.

Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.

Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.