Steel Mills
December 16, 2014
Steel Imports Affecting Nucor 4Q Earnings
Written by Sandy Williams
Nucor Corporation expects a “moderate” decrease in earnings in the fourth quarter along with a seasonal drop in operating performance. In the company’s fourth quarter earnings guidance, Nucor noted that exceptionally high import levels have put pressure on steel production and margins. A larger than expected decrease in outside shipments is expected in the fourth quarter.
The company is forecasting earnings of $0.50 to $0.55 per share which is lower than industry analysts consensus of $0.65 per share.
