Market Segment
February 20, 2025
Written by Laura Miller
| Fourth quarter ended Dec.31 | 2024 | 2023 | Change |
|---|---|---|---|
| Net sales | $3,876 | $4,931 | -21.4% |
| Net income (loss) | $333 | $554 | -39.9% |
| Per diluted share | $1.43 | $2.11 | -32.2% |
| Full year ended Dec.31 | |||
| Net sales | $17,649 | $17,610 | 0.2% |
| Net income (loss) | $174 | $986 | -82.4% |
| Per diluted share | $(0.27) | $3.44 | -108% |
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.