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    Company Announcements

    Friedman posts record sales volume, boosted by Century Metals buy

    Written by Laura Miller


    Friedman Industries Inc.

    Second quarter ended Sept. 3020252024Change
    Net sales$152.4$106.842.7%
    Net earnings (loss)$2.2$(0.7)414%
    Per diluted share$0.32$(0.10)420%
    Six months ended Sept. 30
    Net sales$287.2$221.329.8%
    Net earnings (loss)$7.3$1.9284%
    Per diluted share$1.03$0.27282%
    (in millions of dollars except per share)

    Laura Miller

    Read more from Laura Miller

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    Nucor increases spot HR to $1,240/ton

    Nucor said on Monday, Oct. 12, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,240 per short ton (st) this week, a $10/st increase from a week earlier. The CSP for HR coil from California Steel Industries (CSI) on the West Coast will be $1,305/st, up $15/st from the prior week. Nucor is still offering lead times of three to five weeks, according to the letter to customers. You can track mill price announcements on our website. Steel Market Update (SMU) published a weekly price assessment on Tuesday, Oct. 6, showing HR coil prices averaging $1,270/st, up $10/st from the previous week. We will update our prices on the evening of Tuesday, Oct. 13.