Market Segment
October 20, 2025
Written by Laura Miller
| Third quarter ended Sept. 30 | 2025 | 2024 | % Change |
|---|---|---|---|
| Net sales | $4,734 | $4,569 | 3.6% |
| Net earnings (loss) | $(251) | $(244) | -2.9% |
| Per diluted share | $(0.51) | $(0.52) | 1.9% |
| Nine months ended Sept. 30 | |||
| Net sales | $14,297 | $14,860 | -3.8% |
| Net earnings (loss) | $(1,235) | $(313) | -295% |
| Per diluted share | $(2.49) | $(0.66) | -277% |
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.