It is reported that Nucor expected lower margin of bar and plate in the fourth quarter due to the cumulative impact of high import levels and global economic situation uncertainty in the given period of time. However, the company will remain sheet margins through the rest of 2012. Meanwhile, the company expects the earning to be between US$0.25- 0.30/diluted share of flats and longs products in the fourth quarter which based on 317.64 million outstanding shares, represents roughly US$79.4 million~US$95.3 million in earnings, according to the company. Nucor will continue to focus on its financial structure in 2013 in spite of global financial uncertainty for remaining of 2012.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62137&division=A6
