17
Mar
18:52
Nucor, SDI see non-res strength, provide guidance
Two US steelmakers have released first quarter earnings guidance, anticipating another highly profitable quarter led by strength in the non-residential construction end use market.
Nucor expects its steel products segment to report higher Q1 earnings as profit margins expand on strong non-res demand. Its raw materials segment is predicted to have earnings comparable to that of Q4, while decreased profitability is predicted for its steel mill segment. Despite stron…
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Anonymous
Very good overview of the weekly steel market.
Anonymous