29
Jan
22:23
Nucor expects Q1 improvement after Q4 sales decline
Nucor expects the first quarter of 2024 to be profitable, Kallanish learns from the Charlotte, North Carolina-based steelmaker's fourth-quarter earnings report.
Nucor credits the profitability of its DRI facilities, scrap processing and brokerage operations, along with higher average selling prices and volumes from sheet mills for the Q1 optimism.
The company’s consolidated net sales decreased to $7.70 billion in the fourth quarter of 2023 compared wi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous