Steelmaker Blames Profit Warning On Rising Imports Under Trump

Steelmaker Nucor warned Thursday that it expects to earn 50-55 cents a share in the fourth quarter, well below the consensus estimate of 76 cents, blaming a flood of imports over the summer.

X But Nucor painted an improving outlook, citing favorable trends in a number of end markets, and said that imports have trended lower since peaking in the middle of the year.

Shares of Nucor fell 0.7% to 61.44 in morning trading on the stock market today. Among competitors, Steel Dynamics dipped 0.6% to...

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