Nucor corporation provides earnings guidance for the fourth quarter of 2019

Nucor corporation provided earnings guidance for the fourth quarter of 2019. the company's earnings in the fourth quarter of 2019 are expected to decrease as compared to the third quarter of 2019. the company expects earnings in the steel mills segment to further decrease in the fourth quarter of 2019 from the thirdquarter, as lower steel prices at the end of the third quarter, which the company believe have bottomed, impact the company's fourth quarter results. the profitability of the steel products segment in the fourth quarter of 2019 is expected to decrease slightly from the third quarter of 2019 due to normal year-end seasonality. the performance of the raw materials segment is expected to decline in the fourth quarter of 2019 compared to the third quarter of 2019 due to the impact of the company's louisiana dri plant's planned outage continuing until mid-november Â?" as well as expected further margin pressure throughout the company's raw materials businesses.
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