Nucor and Steel Dynamics Warn of Weaker Q4 Earnings
Nucor and Steel Dynamics expect fourth-quarter earnings to miss Wall Street estimates due to seasonal demand, lower steel prices, and maintenance outages.
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Nucor and Steel Dynamics expect fourth-quarter earnings to miss Wall Street estimates due to seasonal demand, lower steel prices, and maintenance outages.
Nucor cut its quarterly profit forecast to $2.05-$2.15/share, down from $2.60. All segments face lower volumes, margins, or higher costs.