SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 09, 2010 08:22 ET

Professional Research on Mechel OAO and Steel Dynamics Inc. - Worldwide Surge in Steel Production

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 9, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the steel & iron industry, and offers free research on industry players Mechel OAO (NYSE: MTL) and Steel Dynamics Inc. (NASDAQ: STLD). Register today at to receive free research reports on these companies.

Global crude steel production rose 2% in October according to the World Steel Association. Despite a 2% year over year drop in production in China, they remain the world's leader, producing 42% of the world's steel. Production in the US rose 9.0% but apprehensions remain. is a specialized website where investors can have complete access to free reports on steel & iron industry; traders looking for analyst opinions on Mechel OAO, Steel Dynamics Inc. and other players in the industry are welcomed to sign up for a free one year membership at

Economic uncertainty and varying demand has led to up and down share prices. Smaller steel companies have actually been the beneficiaries of these factors though. Smaller outfits have been better suited to tailor production to demand and have been better at absorbing rapid price shifts. Visit us at to understand the catalysts and forces driving or affecting steel & iron stocks.

Despite a 9.0% year over year production improvement, steel makers in the US are concerned over the poor construction projections for 2011. Commercial construction is expected to improve by 3% but is still almost 50% below 2008 levels. Residential and infrastructure construction spending is currently projected to remain flat. 

Overall, the global increase in steel production is a positive sign for the sector. Global steel demand is expected to improve by 5% in 2011. However, fluctuating steel prices and uneven demand are cause for concern. Growth opportunities do remain for smaller steel companies and for companies in regions where construction is on the rise. 

Looking at the financial results delivered in Q3 2010 for the Steel Industry, Mechel OAO posted a surge of 76.1% in their net revenue to $4.3 billion and saw profits of $120.8 million for the quarter, thus reversing a loss incurred in the same quarter of 2009. Conversely, Steel Dynamics Inc. posted a 72.9% decline in earnings for Q3 2010 as a result of the drop in steel's selling price. Revenue was up 35%, however. Shareholders and investors can sign up today at or to download the full reports on Mechel OAO and Steel Dynamics Inc.

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