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Stock Market & Financial Investment News

News Breaks
November 16, 2012
09:03 EDTNUENucor names COO John J. Ferriola CEO, effective January 1, 2013
Daniel R. DiMicco, CEO of Nucor announced that he is passing this privilege and responsibility on to current president and COO, John J. Ferriola. Ferriola will follow DiMicco as CEO effective January 1, 2013.
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September 19, 2014
07:30 EDTNUERussia's top steelmaker weighs IPO of North American arm, WSJ says
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September 17, 2014
12:08 EDTNUESteel stocks rally as U.S. Steel, Nucor provide improved outlooks
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08:35 EDTNUENucor: Overall operating performance at steel mill improved in Q3
The company said it expects increased profitability in sheet, structural, bar and plate steel. Structural steel had no major outages in the third quarter, as compared to the planned three week outage at Nucor-Yamato Steel in the second quarter associated with our $115M sheet piling capital project. The strongest markets for the steel mills continue to be manufactured goods, including energy and automotive. Though third quarter results are expected to be much improved from the second quarter, imports remain at high levels, applying downward pressure on pricing. The performance of the fabricated construction products businesses is expected to improve compared to the second quarter of 2014, reflecting improving conditions in the nonresidential construction markets. Although nonresidential construction markets are at historically low levels, they are improving. The performance of the raw materials segment includes an anticipated operating loss of $27M at our direct reduced iron plant in St. James Parish, Louisiana.
08:32 EDTNUENucor sees Q3 EPS 70c-75c, consensus 61c
Projected Q3 results include estimated LIFO credit of $14.5M. Included in the projected third quarter results is an estimated $12M related to the partial write down of assets within the steel mills segment.

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