Steel Dynamics and Nucor shares drop after weak guidance
Steel Dynamics fell 2.1% to $240.21 in premarket, and Nucor also declined Friday after issuing quarterly guidance below Wall Street expectations despite a strong 12-month rise in U.S. steel prices.
Shares of Steel Dynamics and Nucor each fell Friday after the two steel manufacturers issued quarterly guidance that came in below Wall Street expectations, even as U.S. steel prices have advanced significantly over the past 12 months. Steel Dynamics stock fell 2.1% to $240.21 in premarket trading.