Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

US steelmaker Nucor expects to generate net earnings of more than $900mn in Q12021 on increasing demand for its products. 


The company noted that it has witnessed robust demand across its market segments because of which, according to Leon Topalian, Nucor’s president and chief executive officer, the firm expects its Q1 2021 earnings to “significantly exceed” its record quarterly earnings, set in 2008. 


Nucor forecasts increased profitability from its sheet, plate, bar, and structural mills, as well as downstream steel products in Q1 2021, compared with Q4 2020. The company also expects its raw materials segment to perform better, owing to higher selling prices. 

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