Steel Mills

Nucor Expects Best Q2 Since 2008
Written by Sandy Williams
June 14, 2017
Nucor Corp. expects second-quarter results to be somewhat weaker than the first quarter, but an improvement from second-quarter 2016. Results in the range of $1.00 to $1.05 per diluted share will be Nucor’s best second-quarter performance since 2008.
In guidance this week, Nucor noted a decrease in the performance of its sheet and bar mills compared to the first quarter due to aggressive competition. The company’s plate mills are showing improved profitability compared to the first quarter. Its downstream products segment will be stronger than the first quarter but weaker than second-quarter 2016.
Imports continue to negatively impact the U.S. steel industry, increasing 14 percent year-over-year in the first five months of 2017. The final determinations in the cut-to-length steel plate AD/CVD investigation is addressing the flood of imports in that market, said Nucor. The steelmaker also expects positive results in the ongoing cases on imports of rebar and steel wire rod.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
SDI announces proprietary low-carbon EDGE products
Steel Dynamics has announced lower-embodied-carbon steel products BIOEDGE and EDGE, and expects “immediate interest” from several markets for some of the offerings.
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...
AHMSA drama deepens as drawn-out bankruptcy slowly progresses
A former CEO goes to court for swiping tin. An OEM distributor slams the bankruptcy trustee for failing workers and creditors. The steelmaker fires back. Angry employees demand back pay as tensions rise in Monclova's steel saga.
