June 17 (Reuters) - Nucor Corp ( NUE ) on Wednesday forecast
second-quarter adjusted profit above Wall Street estimates,
buoyed by higher average selling prices and strong volumes in
its steel mills segment.
Firmer steel prices, underpinned by supportive trade
policies, geopolitical tensions and upcoming mill maintenance,
have tightened supply and boosted returns for U.S. steelmakers.
Here are some details from Nucor's ( NUE ) guidance:
* The company expects second-quarter adjusted profit per
share between $4.50 and $4.60; Analysts on average were
expecting $4.27 per share, according to data compiled by LSEG.
* The company posted a profit of $3.23 per share in its
first quarter, up from 67 cents per share a year earlier.
* Nucor ( NUE ) plans to release its earnings after the markets
close on Monday.
(Reporting by Apratim Sarkar in Bengaluru; Editing by Joyjeet
Das)