Market Segment
October 20, 2025
Written by Ethan Bernard
| Third quarter ended Sept. 30 | 2025 | 2024 | % Change |
|---|---|---|---|
| Net sales | $4,828.2 | $4,341.6 | 11.2% |
| Net earnings (loss) | $403.7 | $317.8 | 27% |
| Per diluted share | $2.74 | $2.05 | 33.7% |
| Nine months ended Sept. 30 | |||
| Net sales | $13,762.5 | $13,668.3 | 0.7% |
| Net earnings (loss) | $919.6 | $1,329.8 | -30.9% |
| Per diluted share | $6.17 | $8.46 | -27.1% |
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.