Steel Mills
March 19, 2020
Steel Dynamics and Nucor Guide to Higher Q1 Earnings
Written by Sandy Williams
Steel Dynamics and Nucor are both expecting improved earnings for the first quarter of 2020 due to higher steel prices and increased shipments.
So far, the impact from the COVID-19 outbreak has been minimal on supply chains and operations, said the companies. Disruptions are expected, however, as more manufacturers temporarily suspend production and construction activity slows. Steel Dynamics and Nucor continue to monitor the situation and to address the safety of employees.
