Market Segment
December 17, 2024
Written by Ethan Bernard
Nucor cited decreased volumes and prices in its steel mills segment as the key driver of its lower guidance for the fourth quarter.
The Charlotte, N.C.-based steelmaker anticipates Q4’24 earnings to be in the range of $0.55 to $0.65 per diluted share. This compares with $1.05 in Q3’24 and $3.16 in the same period last year.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).