U.S. steel companies want Russian trade deal axed WASHINGTON, May 5- U.S. steel producers on Tuesday demanded the Department of Commerce scrap a trade deal sparing Russian producers of carbon steel plate from import duties. Nucor Corp, SSAB Enterprises LLC and Arcelor Mittal USA said a flood of cheap cut-to-length carbon steel plate was hurting the local industry. Last week, Nucor and SSAB Enterprises launched...
Steelmaker Nucor's profit falls 39 pct April 23- Nucor Corp, the No. 1 U.S. steelmaker by market value, reported a 39 percent drop in quarterly profit, hurt by lower selling prices. Net income attributable to Nucor fell to $67.8 mln, or 21 cents per share, in the first quarter ended April 4, from $111.0 million, or 35 cents per share, a year earlier. Net sales fell nearly 14 percent to $4.40 billion.
Nucor beats 1Q profit forecasts CHARLOTTE, N.C. _ Nucor Corp. on Thursday reported first-quarter earnings of $67.8 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Nucor shares have declined 4.5 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 2 percent.
Source: The Associated Press