24.10.2014 - Nucor improved figures
Nucor Corporation published a report for the 3rd quarter of this year and increased its profit by 66% due to the increase in demand for the company's products from steel producers in connection with the improvement of the situation in the energy sector and engineering. Over the past quarter, the company received a $ 770 million profit, compared with the 146 million in the same period last year. The company's revenue rose by 15% to $ 5.7 billion. Given the growth in steel consumption in the United States, we maintain a medium-term positive outlook on the stock with the potential for growth of 25-30% per year.