14
Jun
17:51
Nucor ups guidance for second quarter
US steel producer Nucor has raised its expected earnings guidance for the second quarter, Kallanish reports.
In the quarter slated to end 30 June, Nucor expects to record earnings of $2.05-2.10/diluted share. In Q1, the company earned $1.10/diluted share, or $354.2 million. In Q2 2017, Nucor earned $1/diluted share, or $323m.
"The performance of the steel mills segment is expected to be significantly improved in the second quarter of 2018 as compared to …
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Very good overview of the weekly steel market.
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