It’s reported that Nucor released its guidance for the first quarter of this year.
The company forecasted a earning of US$0.20~US$0.25 per diluted share for the first quarter of this year, falling substantially from US$0.46 per diluted share in the first quarter of 2012 and US$0.43 per diluted share in a quarter earlier.
Nucor expects to post a modest loss for the downstream steel product segments due to seasonal slowdown in the first quarter.
Also, Nucor expects to report weaker result for the raw material segment due to an unexpected 18- day outage at Trinidad Direct Reduced Iron facility.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63473&division=A6
