All Posts Tagged With: "NUE"
(MT) Steel Industry Stock Review – March 2010 – Industry Outlook
The steel industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. With companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, this industry includes metal ore exploration and...
(MCO) Nucor Downgraded by Moody’s Investors Service
Recently, credit ratings agency Moody’s Investors Service (MCO) has cut Nucor Corporation’s (NUE) unsecured debt rating one notch...
(NUE) Nucor Buys Ocala Recycling
Steel producer Nucor Corp.’s (NUE) subsidiary, the David J. Joseph Company, has bought Ocala Recycling LLC in line with its strategy to grow its scrap-processing industry and its expansion plans in Florida.
Ocala...
(LZB) Institute for Supply Management Manufacturing Index Soars
The Institute for Supply Management’s survey of the Manufacturing sector of the economy rose by 3.5 points to 58.4 in January from 54.9 in December. That far exceeded consensus expectations for an increase to 55.5. It...
(NUE) Nucor Corporation Moves from Loss to Gain
Nucor Corporation (NUE) has revealed a profit of $58.9 million or 18 cents per share in the fourth quarter of 2009, compared to the Zacks Consensus Estimate of 9 cents per share. This was an improvement over...
(F) Metals & Mining Stock Review – January 2010 – Industry Outlook
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing, of metals and minerals. The industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales.
Geographically,...
(NUE) U.S. New Factory Orders Rise
The Census Bureau reported today that New Orders for Manufacturers rose by 1.1% in November. This was up from a 0.8% increase in October (which was revised up from 0.6%) and comes on top of a 1.6% increase in September. The increase was much better than the 0.5% expected by...
(F) Steel Industry – Industry Outlook
Steel Output Mounting
The Steel industry, which consists of companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, has the major chunk of sales concentrated...
(NUE) Nucor Corporation Trims Losses
Net losses for Nucor Corporation (NUE), the largest recycler of steel scrap in the US, narrowed to $29.5 million, or 10 cents per diluted share, for the third quarter of 2009. The result was narrower than the Zacks Consensus Estimate for a loss of 14 cents.
In...
(NUE) Inflation? What Inflation?
In September, the Producer Price Index (PPI) fell 0.6% on a headline basis, while excluding food and energy it was down 0.1% for the month. This is in fairly distinct contrast to August, where the PPI rose 1.7% on a headline basis and 0.2% for the core.
Year over year,...
(NUE) Nucor Corporation’s High-Cost Inventory Hurts Estimates
U.S.’s largest recycler of steel scrap, Nucor Corporation (NUE), has announced its guidance for its third quarter ending Oct. 3, 2009. Nucor expects losses of 15 cents to 20 cents per share in the quarter. The Zacks Consensus Estimate expects a loss of 15...
(X) Stock Market News for August 27, 2009
U.S. stocks edged up slightly higher, after swinging back and forth in a narrow range, as investors preferred to remain on the sidelines. After yesterday’s better-than-expected reports on housing and consumer confidence, investors looked for fresh signs...
(NUE) – Nucor -of 30%, eclipsing the industry average of 20%
Nucor (NUE) recently reported record second-quarter earnings of $1.94 per share, beating the consensus estimate by nearly 8% and topping the year-prior $1.14. Consolidated net sales of $7.09 billion also reached a record level, exceeding last year’s $4.17 billion. For income,...