Nucor predicts year-on-year earnings decline

Jun 13, 2013 | 02:05 PM | Catherine Ngai

Tags  steel, Nucor, DRI, direct-reduced iron, Trindad, guidance, Duferdofin Nucor, steel Catherine Ngai

NEW YORK — Nucor Corp. said it expects to see its second-quarter earnings hold largely unchanged from the first quarter but decline from the year-ago period as weak performance in the sheet and structural steel markets is partially offset by stronger plate and raw materials sectors.

The Charlotte, N.C.-based steelmaker has projected a net income of 25 to 30 cents per diluted share for the three months ended June 29. That range is similar to the 26 cents per share recorded in the first quarter but down from 35 cents per share recorded in the same period last year, it said in a guidance released June 13.....

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