In providing its third-quarter earnings guidance, Nucor said it expects to report third-quarter earnings of between US$2.35 and US$2.40 per diluted share. Meanwhile, Steel Dynamics said it is expecting earnings in the range of US$1.60 to US$1.64 per share.  

Each attributed the increases to underlying strength in the steel markets.  

“We expect the performance of our steel mills segment in the third quarter of 2018 to increase compared to the second quarter of 2018 due primarily to higher earnings at our sheet mills and plate mills, despite the impact of both planned and weather-related outages at certain mills,” Nucor wrote. 

Adds Steel Dynamics: “Average quarterly steel product pricing is expected to increase more than average scrap costs across the steel platform, resulting in increased profitability for both the sheet and long product steel operations.  Based on strong steel demand fundamentals and customer optimism, the company believes steel consumption and market dynamics will remain strong.” 

You can find their forecasts here and here.