AISI: US Steel Shipments Unchanged In 2023.

Spot electricity prices in the day-ahead market at the Indian Energy Exchange (IEX) fell by 8%.

AISI: US Raw Steel Production in the week ending on February 10, 2024.

“My understanding is steel consumers, steel customers are much happier with Nippon as the buyer,” Wolfe Research analyst Timna Tanners said at the Tampa Steel Conference.

He wouldn’t say if he’d make another offer for US Steel if the Nippon deal collapsed.

Full-year 2023 net earnings was $895 million, or $3.56 per diluted share, and adjusted net earnings was $1,195 million, or $4.73 per diluted share.

Nucor acknowledges it was interested in acquiring some of United States Steel's assets, but dropped out of the bidding near the end over concerns about the price.

Nucor shares have added about 0.6% since the beginning of the year versus the S&P 500's gain of 2.5%.