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According to foreign media reports, Nucor Corporation announced its first-quarter results on April 27. HX260BD+ZM steel strip ,Driven by increases in both sales volume and prices within its steel mill segment, the company's revenue exceeded market expectations, pushing its stock price up by approximately 5% in after-hours trading.
Factors such as trade policy support, geopolitical tensions, and scheduled maintenance at steel mills have tightened supply in the U.S. steel market and strengthened overall steel prices, thereby bolstering the profitability of steel companies.
CEO Leon Topalian stated that the steel mill segment achieved record quarterly shipment volumes. HX260BD+ZM steel strip ,Additionally, output from recent capital expenditure projects is gradually coming online, and federal trade policies continue to curb imports of "unfairly traded" steel, all of which have provided positive support for the company's performance.
The company anticipates that profitability across its three major business segments will improve as both sales prices and shipment volumes rise.
Financial results show that the company generated $9.5 billion in revenue for the first quarter (ended April 4)—up from $7.83 billion in the same period last year and exceeding the market consensus estimate of $8.88 billion (based on data from the London Stock Exchange). HX260BD+ZM steel strip ,Earnings per share for the quarter stood at $3.23, marking a significant increase from $0.67 in the prior-year period.
