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Nucor Corp

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  • U.S. steel companies want Russian trade deal axed Tuesday, 5 May 2015 | 10:42 PM ET

    WASHINGTON, May 5- U.S. steel producers on Tuesday demanded the Department of Commerce scrap a trade deal sparing Russian producers of carbon steel plate from import duties. Nucor Corp, SSAB Enterprises LLC and Arcelor Mittal USA said a flood of cheap cut-to-length carbon steel plate was hurting the local industry. Last week, Nucor and SSAB Enterprises launched...

  • Steelmaker Nucor's profit falls 39 pct Thursday, 23 Apr 2015 | 9:27 AM ET

    April 23- Nucor Corp, the No. 1 U.S. steelmaker by market value, reported a 39 percent drop in quarterly profit, hurt by lower selling prices. Net income attributable to Nucor fell to $67.8 mln, or 21 cents per share, in the first quarter ended April 4, from $111.0 million, or 35 cents per share, a year earlier. Net sales fell nearly 14 percent to $4.40 billion.

  • March 19- Nucor Corp, the No.1 U.S. steelmaker, cut its profit forecast for the first quarter, saying higher imports were hurting steel prices. Nucor expects imports to slow down in the second quarter, but remain at "excessively high levels", the company said on Thursday. Nucor estimated earnings of 10- 15 cents per share for the first quarter ending April 4.

  • U.S. steelmaker Nucor cuts profit forecast Thursday, 19 Mar 2015 | 9:23 AM ET

    March 19- U.S. steelmaker Nucor Corp cut its first-quarter profit forecast, hurt by a fall in steel prices due to higher imports. Nucor estimated on Thursday earnings of 10- 15 cents per share for the quarter ending April 4. The company had earlier said it expected profit to be above 35 cents per share earned a year earlier.

  • The company, which makes about 6 percent of the world's steel and is one of the world's largest iron ore producers, cut its estimate for global steel consumption because of a slowdown in China and heavy declines in Brazil and former Soviet states. The two regions account for about two thirds of ArcelorMittal's steel shipments. Chief Executive Lakshmi Mittal...

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments. Nucor also forecast its profit for the first quarter to be slightly higher than the $111 million, or 35 cents per share, it reported a year earlier. Net profit attributable to Nucor rose 23 percent...

  • Jan 27- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a 23 percent rise in quarterly profit as it increased production and shipments grew 2 percent. Net profit attributable to Nucor rose to $210 million, or 65 cents per share, for the fourth quarter ended Dec. 31 from $170 million, or 53 cents per share, a year earlier. Sales increased 2.2 percent...

  • LONDON, Dec 22- Russia has complained that a U.S. move to scrap a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties is inconsistent with World Trade Organization rules. As a result, Russian steelmaker Severstal now faces anti-dumping duties of 73.59 percent, while other producers like Novolipetsk Steel and...

  • Dec 17- AK Steel Holding Corp said it expects shipments to jump 37 percent to 2 million tons in the current quarter from the previous quarter, helped by acquisitions and strong demand from the auto industry. AK Steel said it expects to benefit from substantially lower costs for iron ore, carbon scrap and energy in the fourth quarter ending Dec. 31 compared with the...

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    Steel companies are finally getting their arms around the need to deleverage, consolidate and restructure.

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