The largest US metallurgical company expects a two -time income fall in the first quarter of this year

NUCOR Corporation, which is the largest manufacturer in the United States, said preliminary results for the first quarter of 2013, which ends on March 30. According to the report, Nucor expects from 20 to 25 cents of profit per share, which is half as much as in the last quarter of 2012.

The results of operating activities will remain at the same level, largely due to the production of highly profitable structural steel. Ordinary steel and semi -finished products are not able to maintain the proper level of profit, especially this is felt during the weakening of demand. In general, Nucor steel plants have not experienced seasonal improvements, although the moment has come for this for a long time.

Meanwhile, the weakening of the demand for metal rolling in the first quarter of 2013 did not cause tangible losses of the corporation after three in a row of successful and profitable quarters of the last year.

Nucor states that they still experience optimism regarding market prospects in 2013, since the company will continue to increase the level of production, starting from the bottom achieved last year, when the production of steel fell to the lowest level in the history of the Nucor level. The main hopes are assigned to energy and automotive industry.

The most acute problem for manufacturers in the United States today is cheap imports and general economic uncertainty in the country, the press release emphasizes.