22
Jul
22:38
Nucor outperforms in Q2, sees challenging Q3
Nucor posted second-quarter earnings that beat its mid-June guidance, but still struggled to overcome lower average sale prices and reduced shipments compared to a year earlier, Kallanish discerns from the company’s earnings press release.
The company indicates that the largest driver of the decrease in Q2 earnings was the weaker performance of the steel mills segment, primarily due to lower average selling prices, and also decreased volumes.
The company n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous