Nucor Corp. , the largest U.S. steelmaker, reported third-quarter profit that trailed analysts’ estimates because of lower-than-expected selling prices. The company said the current quarter may be more challenging.
The U.S. shale-gas revolution, which has revitalized chemicals companies and prompted talk of domestic energy self-sufficiency, is attracting a wave of investment that may revive profits in the steel industry.
A group of oil-pipe makers led by United States Steel Corp. filed a U.S. trade complaint against competitors in nine nations, alleging goods from those countries were sold in the U.S. market below cost and, in some cases, benefited from government subsidies.
U.S. Steel Corp. , the country’s largest producer of the metal by volume, reported an eighth straight net loss and forecast a “modest improvement” in first-quarter results because it won’t immediately benefit from rising steel prices.