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Steel Dynamics, Nucor fall on weaker-than-expected Q3 earnings forecast

BUZZ-Steel Dynamics, Nucor fall on weaker-than-expected Q3 earnings forecast

** Shares of US steel makers Steel Dynamics STLD.O and Nucor NUE.N fall premarket

** Steel Dynamics down 1.8% at $241, while Nucor dips 2% to $260.37

** On Thursday, STLD forecast Q3 earnings between $5.34 and $5.38 per share, vs analysts' estimate of $5.50 - data compiled by LSEG

** Nucor forecasts Q3 earnings in the range of $5.55 to $5.65 per share, while analysts expect $5.89

** As of last close, STLD up 44.8% and NUE up 62.6% YTD


(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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