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
Metallus secures $995M Department of War contract
Canton, Ohio-based specialty metals manufacturer Metallus has been awarded a contract valued at up to $995 million by the US Defense Logistics Agency (DLA), part of the Department of War.
USS earmarks $28.3M for upgrades at Great Lakes Works in Michigan
U.S. Steel is investing $28.3 million in its Great Lakes Works in Michigan, with upgrades planned for its pickle line during a 30-day outage starting in October.
Mexico to maintain duties on HR from Russia, Ukraine
The result comes after Mexico’s Ministry of Economy completed a five-year sunset review of the anti-dumping duty (AD) order on imports of hot-rolled (HR) sheet from Russia and Ukraine.
Trump says trade deal with Canada could come within weeks
President Trump said a trade deal with Canada could come within the next few weeks.
Leading bidder emerges for AHMSA, but sale remains unresolved
Mexico's Construcciones e Ingenierías Electromecánicas SA de CV (CIESA) has emerged as the leading bidder for the assets of bankrupt steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (MINOSA). The Michoacán-based engineering and construction company offered $1.4 billion in a court-supervised bankruptcy auction held Sept. 25.