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Steel Dynamics, Nucor Rail Against Steel Imports as Earnings Decline

Steel Dynamics, Nucor Rail Against Steel Imports as Earnings Decline

SUGAR LAND--October 20, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. steel manufacturers Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) and Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) say that not enough is being done in a timely fashion to curb steel imports into the U.S., ultimately hurting both companies' bottom lines. While recent trade cases have come out in favor of curbing illegal imports, stockpiling and a slow process in deciding pending cases continue to weigh on the companies. Both companies reported net earnings for the third quarter of 2017 on Thursday that were less than the corresponding quarter of 2016.

Within this article: Details of some of Steel Dynamics and Nucor's key projects and their CEO's of steel imports into the U.S