Steel Mills

Ryerson Guidance Indicates Strong Q3
Written by Sandy Williams
September 28, 2018
Ryerson Holding Corp., a processor and distributor of industrial metals, gave upbeat guidance for third-quarter results. The company expects revenue to increase in the third quarter in the range of $1.23 billion to $1.24 billion compared to $1.057 billion in the second quarter and $864 million in third-quarter 2017. Net income is anticipated to be in the range of $77 million to $80 million.
Average selling prices were higher in the third quarter, but shipments were down slightly due to extreme weather events in Iowa and the Carolinas and normal seasonality. Ryerson continues to see strong end-market demand. Shipments are expected to remain robust due to increased industrial production and lower imports resulting from trade actions.
Ryerson is a leading value-added processor and distributor of industrial metals headquartered in Chicago with operations in the United States, Canada, Mexico and China. Founded in 1842, Ryerson employs around 4,600 employees in approximately 100 locations.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.

ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.

AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]