25.05.2015 - At Nucor lowered forecasts
American Nucor Corporation announced that revenue for the first quarter will be lower than expected due to rising import rates and lower steel prices. The company expects to receive 10-15 cents earnings per share versus 35 cents a share for the same period of the last year. Imports in January, which was about 39% of the market continues to put pressure on the profitability of the steel business of domestic companies. We expect a further decline of the companyâs shares until the end of the year by more than 10%.