Friday, October 23, 2009

Nucor sees weak steel demand continuing in Q4

Following our previous posting of the Eurofer report on steel demand outlook, we spotted this story from the US.

U.S. steelmaker Nucor Corp. (NUE.N) said on Thursday, demand from service centers improved somewhat along with output in the third quarter, but it did not see increased end use demand, and operating rates could fall in the fourth quarter as plants shut for the holidays. "Apparent demand did increase in the third quarter due to the end of customer de-stocking. However, there's been no meaningful real improvement in end use demand," said Chairman, President and Chief Executive Dan DiMicco.

Read the full story at Reuters

Technorati Tags: ,,,

No comments: