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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1383 |
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Nucor has increased its cash dividend every year since 1973, including twice in 2004 and once in the first quarter of 2005. During the second quarter of this year, NUE reactivated its share buy-back program and recently repurchased 4 million shares at a cost of $205.8 million. 2004 was a banner year for NUE, with record EPS of $7...
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2004 was a banner year for NUE, with record EPS of $7.04 and steel shipments of 19,500,000 tons.
Fundamentals
U.S. Steel Industry
Current trends indicate that U.S. spot steel prices have bottomed out. The latest prices for hot rolled steel were estimated to be between $390-420/ton with estimates for fourth quarter prices to be in the $430/ton range...
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