21
Oct
19:04
Nucor expects margin compression in raw materials segment
Nucor foresees margin compression at its direct reduced iron facilities in the current quarter and anticipates lower earnings within its raw materials segment as a result.
The US steelmaker’s raw materials segment saw third quarter earnings of $161.87 million, which was comparable to that of Q2, Kallanish learns from the company’s Q3 earnings report. This is up markedly from segment earnings of $6.2m in Q2 2020.
Raw material sales to outside customers…
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Anonymous
Very good overview of the weekly steel market.
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