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Should Steel Bears Brace for a Rough H2 2018?

Should Steel Bears Brace for a Rough H2 2018?

As we noted previously in this series, Nucor’s (NUE) second-quarter earnings guidance was better than expected. Nucor added, “Based on the current steel market fundamentals and communications with our customers, we are confident in our belief that there is sustainable strength in steel end use markets. Looking at analysts’ consensus estimates, Nucor’s earnings are expected to rise slightly in the third quarter before falling in the fourth quarter.