Market Segment
January 23, 2025
Written by Michael Cowden
| Fourth quarter ended Dec. 31 | 2024 | 2023 | % Change |
|---|---|---|---|
| Net sales | $3,872 | $4,233 | -8.5% |
| Net income | $207.3 | $424.3 | -51.1% |
| Per diluted share | $1.36 | $2.63 | -48.3% |
| Year ended Dec. 31 | |||
| Net sales | $17,540 | $18,795 | -6.7% |
| Net income | $1,537 | $2,451 | -37.3% |
| Per diluted share | $9.89 | $14.72 | -32.8% |
SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.
Tk accelis announced the launch of a new B2B steel buying and selling marketplace called steelbuy USA.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.