Economy
Nucor still chasing 2024 profit levels
The steelmaker and metals recycling company nonetheless netted more than $600 million in the second quarter of this year.
More in Economy
Statistics might point to construction slowdown
Reduced investments in the residential sector may lead to overall less construction activity in the second half of this year.
Radius records another unprofitable financial quarter
The metals recycling company, which is in the process of being acquired, has had eight consecutive money-losing quarters.
BIR World Recycling Convention 2025: Recycled steel usage stalls in 2024
Despite increased global electric arc furnace market share, most major steel-producing nations melted less ferrous scrap last year compared with 2023.
Architectural billings remain subdued
The number of construction projects underway could taper by later this year if the AIA/Deltek Architecture Billings Index continues to trend under 50.
Turkey neglects US scrap in favor of Russian shipments
While U.S. recycled steel shipments to Turkey fell by 23 percent in the first quarter, that nation’s mills more than doubled their purchases of Russian ferrous scrap.
Steelmakers’ Q1 results largely profitable
U.S. Steel reports a net loss in the first quarter of this year, while several other steelmakers report varying levels of profitability.
Nucor earnings drop from early 2024 level
The company’s first-quarter 2025 net income of $156 million is about 18 percent of what it earned in early 2024.
Metso’s profits narrow, but crusher orders solid
Equipment maker says the early 2025 volume of orders placed for its Aggregates sector equipment have been encouraging.
Steel Dynamics nets $217M on record shipments
Recycled-content steelmaker also expects to make and sell flat-rolled aluminum by the middle of this year.
Radius loses money, says merger on track
Recycling company says scrap flows were tight in the winter of 2024-2025, announces its board has approved the firm’s sale to Toyota Tsusho America.
