28
Apr
19:46
Nucor remains insulated from oil woes
The recent global downturn in oil prices isn’t expected to majorly chip away at Nucor’s bottom line, Kallanish learns from the company’s first-quarter conference call.
Ceo Leon Topalian says that direct oilfield sales only make up about 10% of Nucor’s total shipments. Strength in other sectors - notably non-residential construction - has so far been able to offset losses from the energy sector, he says.
As of 28 April, most maj…
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Anonymous
Very good overview of the weekly steel market.
Anonymous