Nucor Steel to Cut Capital Spending 25% for 2015, U.S. Steel to Increase 55%

SUGAR LAND--January 29, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Steel producers Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) and United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) plan to go in different directions this year when it comes to capital expenditures (capex). But both steelmakers say they expect to see more financial headwinds resulting from low oil prices and higher steel imports. Industrial Info is tracking 24 active Nucor projects worth $2.78 billion, and eight U.S. Steel projects worth $698.12 million

Within this article: Fourth-quarter earnings for Nucor and U.S. Steel, with details on major projects.

Other companies featured: ArcelorMittal SA (NYSE:MT), Encana (NYSE:ECA)