Monday, June 11, 2007

UPDATE 1-Nucor sees earnings well below analysts' view

(Reuters) - The earnings warning sent Nucor shares down 6 percent and
drove the steel sector lower.




Margins for Nucor's sheet steel dropped during the second
quarter as the company was unable to push through price
increases due to weak demand and surging imports of galvanized
steel sheet from China.


Read more at Reuters.com Market News

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