Nucor forecasts stronger quarterly earnings as steel pricing improves
Nucor ($NUE) expects third-quarter earnings of $5.55–5.65 per share, compared with $5.04 in the preceding quarter and $2.63 a year earlier. The second-quarter figure was $4.84 after excluding a non-cash investment gain. Management expects improved profitability in steel mills and steel products, supported by stronger selling prices and, in products, higher volumes. The raw-materials segment is expected to weaken. Its comparison also reflects the absence of a substantial procurement refund record
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