New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 24, 2014
09:03 EDTNUENucor reports Q2 EPS 46c, consensus 41c
Reports Q2 revenue $5.29B, consensus $5.21B
News For NUE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 31, 2015
07:31 EDTNUESteel Dynamics added to Analyst Focus List at JPMorgan
Subscribe for More Information
March 27, 2015
07:31 EDTNUEAirgas signs agreement with Nucor to build air separation unit
Subscribe for More Information
07:31 EDTNUEAirgas to build new air separation unit in Alabama
Subscribe for More Information
March 25, 2015
12:54 EDTNUESteel stocks trade higher ahead of Congressional Steel Caucus hearing
Steel manufacturing stocks are trading higher ahead of tomorrow's testimony at a Congressional Steel Caucus hearing. WHAT'S NEW: The United Steelworkers, or USW, will be joining Chief Executive Officers of steel companies and other representatives from the steel industry on Thursday, March 26 on Capitol Hill to testify at a Congressional Steel Caucus hearing on the "State of American Steel." The USW and the steel executives will speak to the state of the steel industry and how policies on trade are impacting manufacturing in the steel industry. WHAT'S NOTABLE: According to the American Iron and Steel Institute, year-to date total and finished steel imports are 7.977M and 6.41M net tons, respectively, up 23% and 36%, respectively, vs. the same period in 2014. In the past month, steelmakers including Nucor (NUE), AK Steel Holding (AKS) and Steel Dynamics (STLD) all issued profit warnings. On March 19, Nucor said "Overall operating performance at the steel mills segment for the first quarter of 2015 is expected to decrease significantly compared to the fourth quarter of 2014," citing lower selling prices and margins resulting from the "exceptionally high level of imports flooding the domestic market." The company also said "Total imports increased 38% in 2014 compared to 2013, with imports accounting for approximately 34% of the total domestic shipments in 2014. Global overcapacity built by state-owned enterprises is the biggest risk factor to our business." This morning, United States Steel Corporation (X) announced plans to consolidate its North American Flat-Rolled operations and temporarily idle its Granite City Works operations. The company noted that the consolidation is a result of challenging market conditions that reflect the cyclical nature of the industry. Global influences in the market like reduced steel prices, unfair trade, imports and fluctuating oil prices, continue to have an impact on the business, the company said. Publicly traded companies in the space including U.S. Steel , AK Steel and Steel Dynamics are all trading higher while Nucor is fractionally lower in midday trading.
11:48 EDTNUESteel industry leaders set to testify on import surge, Bloomberg says
Subscribe for More Information
11:28 EDTNUEEU to impose tariffs on steel from China and Taiwan, Reuters says
Subscribe for More Information
March 19, 2015
10:23 EDTNUEHigh option volume stocks
Subscribe for More Information
09:12 EDTNUENucor sees Q1 operating performance of raw materials to decrease
Cites anticipated operating loss of approximately $37M at Nucor Steel Louisiana and decreased performanced of scrap processing business and natural gas drilling working interests. The production operations of Nucor Steel Louisiana have remained suspended since the equipment failure related to the process gas heater occurred on November 2, 2014. The company is close to completing the necessary repairs and adjustments to the process gas heater, and estimates that Nucor Steel Louisiana will be operational before the end of the first quarter of 2015.
09:11 EDTNUENucor says conditions remain challenging in energy markets
The company commented, "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. Automotive markets remain strong and are continuing to improve. We continue to see improving demand in the nonresidential construction markets. Once energy market steel inventories are rebalanced later this year, we expect overall steel demand to meet or exceed levels seen in 2014. The overall operating performance of the downstream products segment for the first quarter of 2015 is expected to decrease from the fourth quarter of 2014 due to typical seasonality experienced in the first quarter; however, the results of the downstream products segment in the first quarter of 2015 are expected to increase over the first quarter of 2014 due to both lower input costs and improved volumes, supporting the resiliency of the slow but steady growth in nonresidential construction markets."
09:10 EDTNUENucor cuts Q1 EPS to 10c-15c, consensus 40c
Subscribe for More Information
March 18, 2015
07:10 EDTNUEPlatts to hold a forum
11th Annual Steel Markets North America is being held in Chicago on March 17-18.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use