22
Oct
14:04
Nucor sees Q3 challenges persisting
US steel producer Nucor expects the general market softness that bit into its third-quarter profits to continue for the balance of the year, Kallanish learns from the company’s quarterly earnings review.
Nucor earned $275 million on sales of $5.46 billion in Q3, down from earnings of $676.7m on sales of $6.74 billion in Q3 2018.
“After a brief summer rally, plate and sheet market conditions softened in the third quarter. Excess inventory throughou…
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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