25
Apr
20:20
Nucor sees margin expansion in second quarter
US steel producer Nucor is counting on margin expansion in the second quarter, Kallanish reports.
Nucor ceo John Ferriola told analysts on a recent conference call that scrap prices are expected to move sideways for the time being.
“We think scrap now has pretty much stabilised, as we look at scrap going forward,” Ferriola says. “We see it, particularly on the obsolete side, maybe down a little bit, but certainly stabilised. On the prime sid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous