Nucor's fourth-quarter sales, profit decline on lower pricing, volumes
The Charlotte, North Carolina-based company produces iron and steel products as well as recycles scrap metal used in automotive, railroad and construction industries across North America. "We remain optimistic that Nucor's best days are ahead of us, with a resilient U.S. economy," said CEO Leon Topalian. Nucor said it expects earnings at its steel mills and raw materials segments to increase in the first quarter.