Nucor expects earnings to fall

Dec 17, 2013 | 04:24 PM | Samuel Frizell

Tags  Steel, Nucor, fourth-quarter guidance, sheet steel, bar and structural, direct-reduced iron, Samuel Frizell

NEW YORK — Nucor Corp. expects its fourth-quarter earnings to be lower than a year earlier due to weaker raw materials and bar and structural performance, as well as several one-time miscellaneous charges, despite a strong sheet steel performance.

Charlotte, N.C.-based Nucor expects to generate fourth-quarter earnings of between 35 and 40 cents per diluted share, down from 46 cents in the third quarter and 43 cents in the fourth quarter of 2012.....

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