Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Nucor posts 1Q loss of $190M on weak steel demand

Apr. 23, 2009
Steel maker Nucor Corp. is posting a first-quarter loss versus a year-ago profit as the global economic crisis erodes demand and prices for the metal. It says it expects a bigger second-quarter loss. The Charlotte, N.C.-based company says it lost $189.6...
Related Stories from UPI.com

China's steel industry in sharp decline

BEIJING, Feb. 24 (UPI) -- Production capacity has outstripped demand in China's steel-making industry, a trade association executive said.

Chinese steel exports to EU surge

BERLIN, Oct. 9 (UPI) -- The chairman of China Iron and Steel Association says Western anger over surging Chinese steel imports runs counter to the idea of globalization.

Nucor to buy Canadian steelmaker Harris

CHARLOTTE, N.C., Jan. 2 (UPI) -- U.S. steelmaker Nucor Corp. said Tuesday it has agreed to buy Canadian metals producer Harris Steel Group for $1.07 billion.

Nucor to build plant in Alabama

CHARLOTTE, N.C., June 14 (UPI) -- Nucor Corp. said Wednesday it is building its fourth sheet steel galvanizing facility, a $150 million plant in Decatur, Ala.

Japan steel maker plans project in China

TOKYO, Aug. 12 (UPI) -- Japanese steel maker JFE Steel Corp. plans to construct a blast furnace in China, the first such overseas venture since World War II.

S&P lifts AK Steel outlook

NEW YORK, July 21 (UPI) -- The Standard & Poor's Corp. of New York Wednesday revised its outlook for the AK Steel Corp. from negative to stable.

Nucor buys Corus Tuscaloosa

CHARLOTTE, N.C., June 8 (UPI) -- Nucor Corp. of North Carolina said Tuesday it acquired the steelmaking assets of Corus Tuscaloosa of Alabama for about $90 million.

Nucor buys Decatur Cold Mill

CHARLOTTE, N.C., May 27 (UPI) -- Nucor Corp. of North Carolina said Thursday it has agreed to acquire a cold rolling mill in Decatur, Ala., from Worthington Industries.

U.S. steelmakers expect improved earnings

NEW YORK, March 22 (UPI) -- First quarter earnings for U.S. steelmakers are expected to come in strongly on the back of rising steel prices, the Wall Street Journal reported Monday.

US Steel in consolidation talks

PITTSBURGH, Dec. 9 (UPI) --
1 of 28
Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler