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Nucor expects rise in Q3 earnings

By www.steelorbis.com , 2013-09-18 10:51:39

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According to news reports, Nucor Corp said on Sep. 17, 2013 that its third-quarter earnings may increase from year-ago levels, based on improvement in demand along with supply disruption experienced by competitors. Earnings could settle at 35 to 40 cents a share compared with 35 center per share in Q3 2012.

However, the company expects its raw materials segment to report weaker results compared to Q2 2013, due to higher start-up costs at the new DRI plant in Louisiana, which should start production in a matter of weeks.

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