NEW ORLEANS—Steelmaker Nucor Corp., which is considering a site in southeastern Louisiana for a $2 billion pig iron plant, says business is slowing and the company believes the economy has returned to uncertainty.
The Charlotte, N.C.-based company said Tuesday that it expects profit for the three months ending Sept. 30 to range from 5 cents to 10 cents per share. That would be down from the 29 cent-per-share figure for the second quarter of 2010.
Analysts surveyed by Thomson Reuters, on average, had expected per-share earnings of 30 cents for the third quarter. In the third quarter of 2009, Nucor lost 10 cents per share.