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Nucor Corporation NUE will release earnings results for its third quarter, before the opening bell on Monday, Oct. 21.
Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CHARLOTTE, N.C. , Oct. 8, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer.
NUE expects lower Q3 earnings due to reduced steel prices and volumes, alongside one-time non-cash charges, while repurchasing 2.5 million shares.
CHARLOTTE, N.C. , Sept. 17, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending September 28, 2024.
Nucor's use of electric arc furnaces (EAFs) and recycled steel positions it as a leader in sustainable, cost-effective steel production, ensuring long-term profitability. Metallurgical coal companies face significant risks due to the global shift towards greener energy and the rise of EAF technology in steelmaking. Cleveland-Cliffs and US Steel's reliance on blast furnaces and met coal makes them less attractive investments compared to Nucor's sustainable and efficient operations.
The latest trading day saw Nucor (NUE) settling at $139.61, representing a -0.93% change from its previous close.
Following the pressure on shares of North America steel companies due to weakening fundamentals, they are now more attractively valued.
Cleveland-Cliffs and U.S. Steel have a long history of making steel using blast furnaces. Steel makers Nucor and Steel Dynamics both use electric arc furnaces.