Nucor may be interested in acquiring parts of U.S. Steel if the $14.9 billion deal for Nippon Steel to purchase U.S. Steel falls through.
Nucor reported fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro. The steelmaker reported fourth-quarter earnings of $1.22 per share, beating analyst estimates of 65 cents per share.
In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what Trump's tariff policies mean for the U.S. steel industry.
U.S. steelmaker Nucor Corp reported a drop in fourth-quarter revenue and profit on Monday, as selling prices declined in its mills and products segments. The industry has been struggling as distributors have refrained from purchasing material in excess of their inventory amid a supply glut fueled by domestic production and imports.
I'll lead of my latest Casualty List with D.R. Horton Inc. ( NYSE:DHI ), the largest U.S. homebuilder. Seven-percent mortgages have been poisonous to homebuilders, and Horton was down 26% in the fourth quarter in a rising market, at that.
An all-American bid for U.S. Steel is shaping up to push Nippon out. But the problem is the new bid is much weaker, and it would likely not save jobs
Nucor reports fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro.
Earnings ESP for NUE is +2.40%, with a consensus estimate for Q4 currently pegged at 64 cents. Nucor Corporation NUE is set to release fourth-quarter 2024 results after the closing bell on Jan. 27. See the Zacks Earnings Calendar to stay ahead of market-making news.
With the Nippon Steel purchase of U. S. Steel scuttled by presidential decree, might Cleveland-Cliffs join forces with Nucor to make an offer? Cleveland-Cliffs could target the integrated mills, and Nucor could take ownership of Big River Steel, an electric arc furnace in Arkansas .Nordroden/iStock/Getty Images Plus
Led by Jim Chadwick, Ancora has focused on campaigns at industrial and transportation companies. In recent years, it has secured board seats at Berry Global Group Inc. and Norfolk Southern Corp. In 2024, Ancora won three seats in its proxy battle at Norfolk Southern.
Reports Q4 revenue $7.08B, consensus $6.73B. “I want to thank our teammates for making 2024 the safest year in Nucor (NUE) history, during an
Activist investor Ancora Holdings is opposing U.S. Steel's merger with Nippon Steel and is pushing for leadership changes. Ancora has nominated candidates for U.S. Steel's board and aims to replace CEO David Burritt,