{"id":543535,"date":"2022-12-16T09:58:09","date_gmt":"2022-12-16T04:28:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543535"},"modified":"2022-12-16T10:55:08","modified_gmt":"2022-12-16T05:25:08","slug":"us-steelmakers-flag-recession-concerns-energy-costs-could-impact-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/us-steelmakers-flag-recession-concerns-energy-costs-could-impact-demand\/","title":{"rendered":"US steelmakers flag recession concerns, energy costs could impact demand"},"content":{"rendered":"<p>Nucor Corp., the largest US steelmaker, warned shareholders that recession concerns could impact demand as it looks ahead into the new year. <\/p>\n<p>The Charlotte, North Carolina-based producer said its steel mills business will report \u201cconsiderably\u201d lower earnings in the fourth quarter due to lower shipments, also noting that average selling prices are down. Nucor, which has typically issued upbeat guidance, is the first of the major steelmakers to flag recession concerns. <\/p>\n<p>\u201cWhile we believe these trends are mainly seasonal effects, economic uncertainty and recession concerns could impact future demand,\u201d Nucor said Thursday in a statement. The company said it expects earnings of $4.25 to $4.35 a share in the fourth quarter,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nucor Corp., the largest US steelmaker, warned shareholders that recession concerns could impact demand as it looks ahead into the new year. The Charlotte, North Carolina-based producer said its steel mills business will report \u201cconsiderably\u201d lower earnings in the fourth quarter due to lower shipments, also noting that average selling prices are down. Nucor, which has typically issued upbeat guidance, is the first of the major steelmakers to flag recession concerns. \u201cWhile we believe these trends are mainly seasonal effects, economic uncertainty and recession concerns could impact future demand,\u201d Nucor said Thursday in a statement. The company said it expects [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-543535","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543535"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543535\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}