Steel Mills
September 18, 2014
Nucor Third Quarter Guidance Positive
Written by Sandy Williams
Nucor is expecting higher profitability for its sheet steel, structural, bar and plate operations for third quarter. In their quarterly guidance, Nucor noted that manufactured goods, including energy and automotive, are their strongest markets. The high level of imports continues to pressure prices downward.
Growth in the residential market has benefited the fabricated construction products business. Non residential is still at historical low levels but is showing some improvement.
