US steelmaker Nucor restarts Louisiana DRI plant, eyes bigger profits

Nucor has resumed operations at its direct reduced iron (DRI) plant in Louisiana after an unplanned outage in early February.

The Charlotte, North Carolina-based steelmaker said it had made the necessary repairs after an equipment failure, and used the downtime to do maintenance work originally scheduled for later this year.

On the earnings front, Nucor expects first-quarter earnings in a range of $1.10 to $1.15 per diluted share, more than double the 50...

Published

Michael Cowden

March 16, 2017

17:30 GMT