Market Segment
July 24, 2023
Nucor Predicts Q3 Earnings Drop on Lower Sheet Mill Profits
Nucor reported sequentially higher second quarter earnings but warned that results would be worse in the third quarter.
Latest in Market Segment
Price on Trade: Milwaukee Framework is a step forward on steel excess capacity
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.
Nucor hikes tubular product prices
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Great Lakes iron ore shipments fall in September
Iron ore shipments from US ports on the Great Lakes slipped in September from a year earlier, according to the Lake Carriers Association (LCA).
Commerce finds sizable dumping margins in plate sunset review
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma sees loss, shipments down 20% as second EAF nears first heat
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.