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Nucor Corp

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  • 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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  • *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec at a cost of $600 million to $700 million as it struggles to find investment to expand the project. Analysts said the cost of shutting down Bloom Lake, which Cliffs expects to recognize over five years, was a major concern for...

  • UPDATE 2-Cliffs may close Bloom Lake iron ore mine Wednesday, 19 Nov 2014 | 8:37 AM ET

    *May close Bloom Lake mine in Quebec. Nov 19- Cliffs Natural Resources Inc said it may have to close its Bloom Lake iron ore mine in Quebec, weeks after it revealed that three "big steelmakers" were in talks to invest in the project. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time...

  • Nov 19- Cliffs Natural Resources Inc said it was looking to exit its Eastern Canadian iron ore operations, which may result in the closure of its Bloom Lake mine in Quebec. "Despite the continued interest of the prospective equity partners in Bloom Lake... the potential investment is not achievable within a time frame acceptable to Cliffs," Chief Executive Lourenco...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • Oct 23- Nucor Corp, the No. 1 U.S. steelmaker, posted a higher quarterly profit on Thursday as the growing U.S. economy fueled demand for its products from the auto, construction, and oil and gas industries. Analysts on average expected Nucor to post a profit of 74 cents a share on sales of $5.4 billion, according to Thomson Reuters I/B/E/S. In early trading on the New York...

  • WASHINGTON, Oct 21- The U.S. Department of Commerce will terminate a 15- year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities. Duties will apply beginning Dec. 16, according to the letter from Ronald K. Lorentzen, the Commerce Department's deputy assistant secretary for enforcement and...

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