Steel Mills
June 16, 2016
Trade Cases Contributing to Stronger Second Quarter
Written by Sandy Williams
Nucor Corporation says flat rolled-trade cases are having a positive impact on reducing steel imports. The expectation is that final determinations in all three flat rolled cases will result in higher duties than currently being collected from the preliminary decisions.
Second quarter results are expected to be significantly improved from first quarter due to higher average selling prices and improved volumes. Earnings per diluted share are anticipated to be in the range of $0.65 to $0.70, up from $0.39 in Q2 2015 and $0.22 in Q1 2016.
