19.03.2015 - Nucor declared reduction of earnings forecast
The company Nucor declared that the results for the first quarter of the year will be worse than the previous expectations due to rising imports and low prices for steel. At the moment, the company expects earnings of 10-15 cents per share, from 35 cents per share for the same period last year. Steel imports last year rose by 35%. According to analysts, the market began to stabilize in the second half of the year. Despite this, we expect a further drop in prices by 10-15% by the end of the year.