15
Dec
16:56
Nucor sees profits slipping in Q4
Despite improving market conditions, US steelmaker Nucor expects margin compression to bite into its fourth quarter profits, Kallanish learns from company guidance.
Nucor anticipates Q4 earnings of $0.30-03/diluted share. In Q4 2015, Nucor posted adjusted earnings of $0.46/diluted share, or $144.72 million. The adjusted net earnings exclude certain impairment charges that led the company to report an overall loss of $62m in Q4 2015.
Though finished steel pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous