Steel Mills
March 15, 2019
Nucor: Lower Earnings Expected in Q1
Written by Sandy Williams
Nucor anticipates earnings will decrease in the first quarter of 2019. In guidance remarks, the company cited lower average selling prices and margins in its sheet mill group for the decline.
Said Nucor, “We believe that sheet pricing reached the low point during the first quarter and are encouraged by the impact of recent price increases. Additionally, we are experiencing shipment delays to construction customers of our steel mills and steel products segments due to an unusually wet winter season.”
