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22 Apr

Nucor posts lower first-quarter profit, Q2 likely weaker

Nucor envisions a decrease in profit and average selling prices but higher tonnage in the current quarter on a sequential basis, Kallanish learns from the steelmaker’s first-quarter earnings announcement. The Charlotte, North Carolina-based company reports lower earnings year-on-year in Q1. However, profit was higher quarter-on-quarter because of an improvement in pricing, a trend that apparently is reversing for Q2. “The steel products segment is e…
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