Market Segment
April 21, 2022
Written by Michael Cowden
Nucor Corp. earnings dipped slightly in the first quarter of 2022 compared to the fourth quarter on lower profits from its sheet mills.
But the Charlotte, N.C.-based steelmaker predicted that the trend would reverse in the second quarter – when it expects to post the most profitable quarter in its history.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.