Steel Mills
June 14, 2018
Nucor Expects Strong Earnings in Q2
Written by Sandy Williams
Nucor expects earnings for its second quarter to increase significantly compared to first-quarter 2018 due to higher average selling prices and increased profitability. Deregulation, tax reform and higher, stable oil prices have contributed to stronger market conditions, said Nucor in the company’s earnings guidance statement.
Profitability increased across all of Nucor’s steel mill product groups and its raw materials segment, with the strongest growth at the company’s sheet mills.
