Steel Mills
December 14, 2018
Nucor Expects Favorable Demand, Pricing in 2019
Written by Tim Triplett
In fourth-quarter guidance on Friday, Nucor reported that it expects strong steel demand and favorable pricing to continue in 2019. Nucor benefitted from strong economic conditions in the United States throughout 2018, which were positively impacted by tax and regulatory reform. Additionally, broad-based tariffs imposed under Section 232 provided a tailwind that contributed to Nucor’s record 2018 earnings, the company said.
Nucor expects to report record full-year 2018 consolidated net earnings in the range of $7.25 to $7.30 per diluted share, an increase of 22 percent over the previous high.
