Nucor Corporation today announced consolidated net earnings of $386.5 million, or $1.26 per diluted share, for the second quarter of 2019.

India's secondary steel producers have opposed the petition for imposing a 25-percent duty on imports of steel items.

However, June turned out to be a fairy tale month for steel stocks.

When Section 232 tariffs were proposed, some feared it could lead to a spike in downstream fabricated steel imports.

According to S&P Global Platts, Nucor (NUE) announced a price increase of $40 per short ton.

Chinese steel producers saw their profits fall 18.2 percent year on year in the first five months of 2019.

The open interest in steel contracts on ICEX has seen a 40 per cent spike in the past four months.

Three-fourths of the amount will be used for the Rs 23,500-crore.