Market Segment
July 31, 2025
Written by Laura Miller
| Second quarter ended June 30 | 2025 | 2024 | Change |
|---|---|---|---|
| Net sales | $3,947 | $4,514 | -12.6% |
| Net earnings (loss) | $259 | $(743) | 135% |
| Per American depositary share | $1.10 | $(3.71) | 130% |
| Six months ended June 30 | |||
| Net sales | $7,880 | $9,292 | -15.2% |
| Net earnings (loss) | $402 | $(252) | 260% |
| Per diluted share | $1.44 | $(1.87) | 177% |
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.