15
Sep
17:45
Nucor lowers Q3 guidance
Nucor has revised its third-quarter guidance downward, blaming import pressure and softness in the plate market, Kallanish learns from a company release.
Nucor now expects to earn $075-0.80/diluted share in Q3, down from Q2 earnings of $1/share ($323 million) and Q3 2016 earnings of $0.95/share. The company originally anticipated Q3 earnings on par with Q1 and Q2.
“We expect the steel mills segment's earnings in the third quarter of 2017 to decrease…
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Anonymous
Very good overview of the weekly steel market.
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