Nucor upgraded to Buy from Neutral at Longbow Longbow's steel distributor checks indicate we may have reached a near-term bottom in pricing and is more optimistic on a 2H 2013 non-residential construction recovery.
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Nucor expects improvements in Q2 earnings Anticipates improved performance at both steel mills and fabricated construction product businesses, although imports are expected to continue to pressure pricing and margins at our steel mills. The company remains cautiously optimistic about the small but noticeable improvement in the nonresidential construction markets in 2014.