Steelmaker Nucor rises on upbeat Q2 forecast

Olympic Steel

20/04/2023 16:27

(Updates)
    ** Shares of steelmaker Nucor Corporation  NUE.N  up 5.43%
at $155.63
    ** NUE forecasts sequential increase in Q2 steel-mill
segment earnings due to margin expansion at co's sheet mills
 urn:newsml:reuters.com:*:nL4N36N31J
    ** Reports Q1 adj profit per share of $4.45, beating
Refinitiv IBES est of $3.81
    ** Shares of other steel cos rise; Olympic Steel Inc
 ZEUS.O  up 1.61%, United States Steel Corporation  X.N  gains
1.58% and Steel Dynamics Inc rises 8.06%  
    ** YTD, shares up ~18% vs 10.93% gain in S&P 500 Steel Index
 .SPLRCSTEEL 
    

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))