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Quarterly reports spotlight difficult era mining and steel firms currently face

2015-05-01 08:01:19| Steel - Topix.net

News during the last week of April was extremely negative about regional iron ore mining companies and the markets they serve. The most troubling revelation involves Magnetation LLC, which has operations in Bovey, Chisholm, Keewatin, Grand Rapids and Reynolds, Ind.

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AK Steel reports 1Q loss

2015-04-28 16:20:57| Steel - Topix.net

On a per-share basis, the West Chester, Ohio-based company said it had a loss of $1.72. Losses, adjusted for asset impairment costs, were 28 cents per share.

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Steel Dynamics Reports 2014 Fourth Quarter and Full-Year Results

2015-01-29 02:09:11| Steel - Topix.net

Steel shipments of 7.4 million tons, with individual records from Butler Flat Roll, Columbus Flat Roll, Engineered Bar Products, and Structural and Rail Divisions Steel Dynamics, Inc. today announced 2014 fourth quarter and full-year results. Excluding non-cash fixed asset impairment charges related to the company's Minnesota Operations of operations was steady in the fourth quarter 2014, indicating a consistency of production capability and the ability to utilize lower-cost raw materials.

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Olympic Steel Reports 2014 Third-Quarter and Nine-Month Results

2014-11-06 12:26:11| Steel - Topix.net

Olympic Steel, Inc. , a national metals service center, today announced financial results for the third quarter and nine months ended Sept. 30, 2014.

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Steel Dynamics Inc. reports growth in net income for 3Q 2014

2014-11-04 22:58:09| Steel - Topix.net

Steel Dynamics Inc. , headquartered in Fort Wayne, Indian, has announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or 38 cents per diluted share, which includes the negative impact of approximately 9 cents per diluted share related to acquisition costs, financing fees and the effect of purchase accounting adjustments for its Severstal Columbus LLC acquisition in mid-September. Excluding these charges, the company's third quarter 2014 earnings would have been 47 cents per diluted share.

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