Market Segment
July 31, 2025
Written by David Schollaert
| Second quarter ended June 30 | 2025 | 2024 | % Change |
|---|---|---|---|
| Net sales | $589.7 | $650.5 | -9% |
| Net earnings (loss) | -$110.6 | $6.1 | -1,913% |
| Per diluted share | $-1.02 | $0.07 | -1,557.1% |
| Six months ended June 30 | |||
| Net sales | $1,106.8 | $1,271.1 | -12.9% |
| Net earnings (loss) | -$135.1 | $34.1 | -496.2% |
| Per diluted share | -$1.28 | $0.02 | -6,500% |
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.