14
Jun
17:58
Nucor warns of big decline in Q2 earnings
Nucor says second-quarter per-share earnings will be halved year-on-year and lower than Q1, mainly because of the weakening US steel pricing.
The Charlotte, North Carolina-based steelmaker now expects to report earnings of $2.20-2.30/diluted share, declining steeply from the $5.81/share reported in Q2 of 2023, Kallanish learns from a Nucor statement on Friday.
“The largest driver for the expected decrease in earnings … is the decreased earnings of …
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Anonymous
Very good overview of the weekly steel market.
Anonymous