22
Oct
14:08
Nucor sees even higher profits ahead in Q4
US steel producer Nucor expects higher fourth-quarter pricing to lead to improved profits compared with Q3, Kallanish reports.
Nucor earned $193.4 million during Q3 on sales of $4.93 billion, down from profits of $275m on sales of $5.46 billion in Q3 2019. In Q2, the company earned $108.9m on sales of $4.33 billion.
“Our third quarter results were better than we expected, reflecting continued strength in non-residential construction,” says ceo L…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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