Market Segment
October 16, 2024
Written by Michael Cowden
| Third quarter ended Sept. 30 | 2024 | 2023 | Change |
|---|---|---|---|
| Net sales | $4,341.6 | $4,587.1 | -5.4% |
| Net earnings (loss) | $317.8 | $577.2 | -44.9% |
| Per diluted share | $2.05 | $3.47 | -40.9% |
| Nine months ended Sept. 30 | |||
| Net sales | $13,668.3 | $14,561.9 | -6.1% |
| Net earnings (loss) | $1,329.8 | $2,026.6 | -34.4% |
| Per diluted share | $8.46 | $11.98 | -29.4% |
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
The proposed Hyundai-POSCO steel mill in Louisiana has been approved for up to $1.3 billion in bond financing, according to state records and local media reports.
The United Steelworkers (USW) union plans to extend its current labor contract with U.S. Steel and Cleveland-Cliffs by 48-hours on a rolling basis, the union told SMU on Monday.
Nucor said on Monday, Sept. 21, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,210 per short ton (st) this week, a $10/st increase from a week earlier.
The United Steelworkers (USW) union on Sunday said it remained far apart from U.S. Steel over the terms of a new labor contract. Meanwhile, the deadline for negotiating a new contract inches closer.