Nucor and Cleveland-Cliffs note a decline in steel demand in Q1

Cliffs maintains a positive outlook for the second quarter
Nucor introduces weekly spot prices for hot rolled steel

Every Monday, the company will inform customers of spot prices for its products, which will be valid until the following week
Nucor to buy DRI pellets from Brazilian Samarco

The companies concluded a long-term agreement
Nucor to invest $860 million in new rebar plant

The company's board of directors approved the allocation of funds for construction
Nucor has updated its carbon neutrality goals

The new goal of the company is more ambitious than the previous one from 2021
Nucor and ExxonMobil have entered into a carbon capture and storage agreement

ExxonMobil will capture, transport and store carbon from the DRI facility in Louisiana
Nucor reported net income of $1.14 billion in the first quarter

In the fourth quarter of 2022, the company's net profit was $1.26 billion