Steel Mills
March 16, 2021
Nucor Guiding to Record Earnings for Q1 and Q2
Written by Sandy Williams
Nucor expects first-quarter 2021 earnings to be the highest quarterly profits in the company’s history, surpassing the previous record set in the third quarter of 2008. Earnings are expected to be in the range of $3.00 to $3.10 per diluted share.
Strong steel demand and pricing are generating record results in the steel mills and raw materials segment, with all product groups forecasting improvement from the fourth quarter of 2020. The largest gains are expected in the sheet and plate mills.
