Nucor Is Diversifying To Hedge In A Soft Steel Market
NUENucor(NUE) Seeking Alpha·2024-07-16 14:38
serts Nucor Corporation (NYSE:NUE) is facing some major macroeconomic headwinds in the coming year as the business climate declines sharply into contractionary territory. Management expects further declining steel prices and will offset prices with higher volumes, which will likely lead to tighter margins with the increased costs. Despite these broader challenges, public policy may provide some relief in the coming years as infrastructure and construction projects break ground with the help of funding b ...