18
Jun
01:00
Nucor cuts Q2 guidance on continued pressure from imports, energy markets
Imports and challenging energy markets continue to plague Nucor in the current quarter, while increasing activity in the non-residential sector provides hope for the US steelmaker. The company has again cut its Q2 15 earnings guidance, Kallanish notes.
High levels of imports continue to pressure pricing in Nucor’s steel mills segment. It is encouraged by a slight decrease in imports since the beginning of the year, but says in its Q2 earnings guidance …
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Anonymous
Very good overview of the weekly steel market.
Anonymous