Nucor Sees Positive Steel Market in the U.S.

In today's second quarter earnings report, Nucor Corporation sees strength in the U.S. steel market. "Based on the current steel market fundamentals and communications with our customers, we are confident in our belief that there is sustainable strength in steel end use markets. Our steel mill and steel product backlogs are robust and have trended upward since the beginning of the year. We therefore expect strong performance and profitability to continue through the remainder of the year," the report stated. Nucor is developing almost $2 billion worth of projects at steel mills in the U.S. and Mexico, according to Industrial Info Resources Metals & Minerals Business Intelligence Platform.