24
Jul
13:41
Nucor takes aim at costs, auto
Nucor plans to navigate the upcoming surge of Covid-19 capacity restarts by keeping its costs low, Kallanish learns from the company’s second-quarter earnings call with analysts.
Ceo Leon Topalian estimates that about 13 or 14 blast furnaces that were taken offline during the pandemic will return by August, or about 10 million short tons of capacity.
That still leaves a further 10m st offline, he says - and some of that may never come back. …
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Anonymous
Very good overview of the weekly steel market.
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