29
Apr
19:46
Nucor reduces capex estimates for 2020
US steel producer Nucor has reduced capex estimates for 2020 by $500 million as the company braces for the economic impact of the Covid-19 pandemic, Kallanish reports.
"Nucor is currently evaluating all of our capital projects across the enterprise," says ceo Leon Topalian in his opening statements for Nucor's first-quarter earnings conference call.
The two capex projects that will be paused are upgrades to the company's plate mi…
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Anonymous
Very good overview of the weekly steel market.
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