Market Segment
November 6, 2024
Written by Laura Miller
| Third quarter ended Sept. 30 | 2024 | 2023 | Change |
|---|---|---|---|
| Net sales | $4,480 | $5,185 | -13.6% |
| Net income (loss) | $93 | ($783) | 112% |
| Per American depositary share | $0.16 | ($3.77) | 104% |
| Nine months ended Sept. 30 | |||
| Net sales | $13,773 | $12,679 | 8.6% |
| Net income (loss) | ($159) | $433 | -137% |
| Per American depositary share | ($1.70) | $1.34 | -227% |
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin this week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin principles” and is a positive step in the ongoing battle against global steel market distortions. However,
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Iron ore shipments from US ports on the Great Lakes slipped in September from a year earlier, according to the Lake Carriers Association (LCA).
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 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.