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Steel cutting starts for Johan Sverdrup riser platform in Norway

2015-06-30 01:00:00| Offshore Technology

Statoil has started steel cutting for a riser platform jacket to be used in the drilling of Johan Sverdrup project in Norway.

Tags: steel starts platform cutting

 

Falling steel prices, oil and gas downturn take toll on Worthington Industries' 2015 profit

2015-06-27 07:21:53| Industrial Machines - Topix.net

Worthington Industries Inc. recorded $87.3 million in profit for fiscal 2015, but it was a steep drop from the $160.2 million it earned the year before. Sales were $3.4 billion for the year, up from $3.1 billion in fiscal 2014.

Tags: prices gas oil profit

 
 

Reliance Steel: Elevated Fear Of Cycle Ending Is An Opportunity

2015-06-26 21:44:14| Steel - Topix.net

The stock is priced as if business is about to take a major leg down, but the fundamentals suggest otherwise. Margins are stable, volumes are good, except for the energy sector, and prices are under pressure, but have limited impact on the business so far.

Tags: opportunity steel fear cycle

 

Schnitzer Steel Earnings Preview: Time to Move On From the Steel Industry

2015-06-26 13:37:12| Steel - Topix.net

The metals and mining industry was one of the worst-performing groups in the entire market in 2014, losing more than 14%, according to Fidelity . There were hopes of a "Cinderella rebound" in 2015.

Tags: time industry move steel

 

Contractor Dies After Electrical Incident at AK Steel

2015-06-25 21:48:00| Electrical Construction & Maintenance

A contractor performing specialized tests on a substation at AK Steel Ashland Work in Kentucky seems to have been electrocuted. Content Classification:  Curated read more

Tags: dies steel electrical contractor

 

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