Both Nucor and Steel Dynamics miss their Q4 EPS guidance. Both producers citing lower prices as a major contributing factor.
Considering this, where will these mills stand on a potential USS acquisition by Cliffs?
It would very likely push up steel prices in the long term due to consolidation, but also monopolizes the domestic blast furnace production, further gatekeeping SDI and Nucor. Double edge sword for the EAF producers… where do you think they stand?