30
Jan
19:37
Nucor anticipates profits up, margins down in Q1
US steel producer Nucor sees both demand and pricing improving well into 2018, though higher scrap prices will likely compress first-quarter margins, Kallanish learns from the company’s year-end earnings.
Nucor’s earnings for 2017 topped $1.32 billion on sales of $20.25 billion, up from earnings of $796.3 million on sales of $16.21 billion in 2016. Tons shipped likewise increased about 9% and average sales prices increased 15% year on year.
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous