Banner
Quarterly Financial Report
Monday | 30 April, 2012 | 3:17 pm

Q2 2012 quarterly financial report

By Houlihan Lokey

October 2012 - During the second quarter, the domestic steel market continued rebounding from the lows of 2011. Analysts noted a decrease in M&A market transaction volume, although transaction values rose to pre-2011 levels. Steel prices decreased overall, but downward price pressures from 2011 are expected to subside as steelmaking operations continue to show ability to pass through costs in the short term. Domestic steel producers’ utilization rate decreased to an average of 76.1 percent. Domestic crude steel production increased to 25 million tons, an increase of 5.3 percent from 23.8 million tons during the same period last year. For the 11th quarter in a row, the U.S. economy grew: real GDP at 1.5 percent in addition to the 1.9 percent growth in the first quarter. China’s economy slowed to 7.6 percent in the second quarter, well below its GDP growth of 9.5 percent in the second quarter of 2011. The second quarter of 2012 was the slowest quarter of economic growth in China in three years.

To view the full report, click here

Current Issue

MM-Cover-9-14-current

September 2014

ON THE COVER: 
Tense trade
Reaching a tipping point in volume, steel imports face the weight of politics.

MM-Digital-button-current1

Subscribe: PRINT/DIGITAL MAGAZINE - eNEWSLETTERS

Midwest-MM-home-ad-5

Advertisement

Modern Metals on Twitter

White Papers

More White Papers >
Banner

Industry Partners

Aluminum

Coil Processing

Rolled and Extruded Aluminum Products

Stainless, Nickel, Aluminum, Pipe, Tube & Bar

Sapa Extrusions North America Braner USA Aleris Rolled Products Prudential Stainless & Alloys, L.P.

Bar

Butech Bliss

Sawing Technology

Steel

Gerdau Special Steel North America Machine Concepts KMT Saw Parker Steel Co.

CNC Cutting (Plasma, Waterjet, Laser, Router)

Red Bud Industries Metlsaw Systems Summit Steel Corporation
Multicam Inc. Tishken Sawblade.com

Thickness Gauges

CNC Solutions

Laser Cutting Machines

Service Centers

Advanced Gauging Technologies
FastCAM Inc. Trumpf Admiral Steel

Tube & Pipe

Coated Coil

Lubrication Systems

United Performance Metals Independence Tube Corp.
Centria Coating Services Unist, Inc.

Software

Turnkey Finishing System

Double Globus Inc.

Machining Centers

Enmark Systems, Inc. Intellifinishing
Dura Coat Products, Inc. Handtmann CNC

Specialty Roller Coverings and Coatings

Waterjet

Metal Coaters

Metal Alloy Analysis & Verification

American Roller Company OMAX Corporation

Coil Coating

Thermo Scientific Niton Analyzers

Stainless Steel

TECHNI Waterjet
Chemcoaters

Metal Finishing & Deburring

Straub Metal International

Welding

 

Supermax Tools Ta Chen International, Inc. Koike Aronson

 

Plate

 

 

 

Artco Group

 

 

TrendPublishing

twitter facebook linkedin rss