Steel Mills
September 15, 2016
Nucor Finds Flat-rolled Trade Cases Have Positive Impact for Q3 Earnings
Written by Sandy Williams
Nucor expects higher earnings in third quarter compared to second quarter due to improved performance at its raw materials division and steel mills.
In its third quarter guidance, Nucor said higher average selling prices that have benefited in part from contract sales priced on a lagging quarterly basis would improve profitability of the company’s sheet mills. Cold rolled and galvanized sheet product demand is robust, said Nucor, but demand for hot-rolled has weakened in the second half.
