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Stock Market & Financial Investment News

News Breaks
June 20, 2014
09:03 EDTNUENucor sees Q2 EPS 35c-40c, consensus 62c
The performance of raw materials segment includes an anticipated operating loss of 6c at new direct reduced iron plant in St. James Parish, Louisiana. The Louisiana DRI plant has continued to exceed volume expectations while producing excellent quality DRI units; however, yield loss remains higher than desired. Nucor expects significant improvements in the performance of the Louisiana DRI facility in the third quarter, with profitable performance anticipated by the end of the year. Overall operating performance at steel mills segment is expected to be slightly improved compared to the first quarter of 2014, as improvements in sheet and plate profitability are partially offset by lower profitability in structural steel. In June, Nucor-Yamato Steel is undergoing a planned three week outage associated with our $115M sheet piling capital project. This planned outage will result in lower shipments for structural steel. Import levels continue to negatively impact pricing and margins, particularly at our bar and sheet mills.
News For NUE From The Last 14 Days
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April 23, 2015
09:06 EDTNUENucor sees Q2 EPS to be improved from Q1, consensus 45c
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09:06 EDTNUENucor continues to see improving demand in Automotive in nonresidential markets
Automotive markets remain strong and we continue to see improving demand in nonresidential construction markets. Conditions remain challenging in energy markets, in which the collapse in oil prices and continued high levels of imported oil country tubular goods products has caused an inventory glut in the pipe and tube sector. Nucor says it cannot determine when these conditions will improve, but once energy market steel inventories are rebalanced we expect overall steel demand to meet or exceed levels seen in 2014.
09:05 EDTNUENucor says operating performance at steel mills segment decreased significantly
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09:04 EDTNUENucor reports Q1 average sales price per ton down 5%
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09:04 EDTNUENucor reports Q1 EPS 21c, consensus 15c
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April 22, 2015
15:50 EDTNUENotable companies reporting before tomorrow's open
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April 15, 2015
10:46 EDTNUEBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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