Nucor Corporation provided earnings guidance for the first quarter of 2024. The company expects earnings in the first quarter of 2024 to increase compared to the fourth quarter of 2023. The steel mills segment's earnings are expected to increase in the first quarter of 2024 due to higher average selling prices and volumes, particularly at sheet mills.

Earnings in the steel products segment are expected to decrease in the first quarter of 2024 due to lower average selling prices. The company expects increased earnings in the raw materials segment in the first quarter of 2024 due to the increased profitability of DRI facilities and scrap processing and brokerage operations.