US steelmakers raise their bets on energy, construction [FOX Business Network]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: FOX Business Network
Steelmakers are betting on the U.S. again, building mills they hope will help them compete against cheap imports as demand rises. Continue Reading Below Steel companies have complained for years that steel from China, South Korea, Vietnam, Turkey and elsewhere is being sold in the U.S. for less than the cost to make it. While imports are still increasing, steel prices are also on the rise globally. And demand for U.S. steel is starting to rebound, thanks to rising oil prices and a strengthening manufacturing sector, steel executives say. Still, others see expansion as a risky bet. Some steel companies say they can capture more customers with new plants that can make more steel at less cost than older plants, and can deliver it faster to customers. They're also counting on additional U.S. tariffs to drive out cheap, foreign-made steel, creating more opportunities for domestic producers. Stiff tariffs imposed over the past 18 months have significantly
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NUE
News
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 4/22/24 - Form 8-K
- 3/26/24 - Form 4
- 3/25/24 - Form 4
- NUE's page on the SEC website