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Nucor’s stock falls after profit warning

“The stock had shed 1.2% over the past three months, while the S&P 500 SPX, +0.06% had gained 2.6%” writes Reporter Editor for marketwatch.com. Nucor Corp.’s stock NUE, -0.56% dropped 1.0% in premarket trade Friday, after the steel maker lowered its profit outlook for the third quarter, citing continued import pressure and unplanned outages, as well as “tepid” demand in plate end use markets.The company said Nucor Steel Louisiana experienced an unplanned production halt in late July to make repairs to its materials handling systems, and isn’t expected to resume operation until early October.
 
Source: marketwatch.com



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