Nucor expects lower profitability in 4th qtr.
Dec 15, 2011 | 01:02 PM
| Anne Riley
NEW YORK Lower steel prices and compressed metal margins, particularly in the sheet and plate sectors, are expected to put a damper on Nucors fourth-quarter earnings results, the company said Thursday.
"As we expected, our profitability has decreased in the fourth quarter compared to the third quarter of 2011 but continues well ahead of 2010 levels," according to Charlotte, N.C.-based Nucor, which cited increased imports and new domestic sheet capacity as two key factors behind the expected narrowing in margins.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.