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.
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.
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.