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    Market Segment

    July 25, 2023

    Nucor Says Earnings Will Fall in Q3, Predicts Lower Profits at Sheet Mills

    Written by Ethan Bernard

    Nucor reported sequentially higher second quarter earnings but warned that results would be worse in the third quarter.

    “We expect earnings in the third quarter of 2023 to decrease compared to the second quarter of 2023,” the company said in comments released with Q2 earnings results on Monday, July 24.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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