Nucor

On September 23, HRC Nucor spot price increased by $10/t – to $730 per short ton

It is expected that the market will accept an increase to the level of $720/t

During this period, HRC spot prices increased by $40/t

Weak prices for steel products continue to put pressure on the company's performance

The decline in prices is a consequence of the slowdown in demand

Cliffs maintains a positive outlook for the second quarter

Every Monday, the company will inform customers of spot prices for its products, which will be valid until the following week

The companies concluded a long-term agreement

The company's board of directors approved the allocation of funds for construction

The new goal of the company is more ambitious than the previous one from 2021

ExxonMobil will capture, transport and store carbon from the DRI facility in Louisiana

In the fourth quarter of 2022, the company's net profit was $1.26 billion