15
Jun
17:27
Coil volatility, imports bite into Nucor's Q2
Hot-rolled coil market conditions and continued import pressure will force down Nucor’s profits in the second quarter, the company says in its preliminary guidance.
Nucor expects to earn $1-1.05/share in the quarter ended 1 July, down from $1.11/share, or $356.9 million, in Q1. The company notes, however, that its forecasted Q2 results would still represent the company’s best Q2 since 2008, Kallanish understands.
“We expect decreased perform…
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Very good overview of the weekly steel market.
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