In an interview on CNBC’s Mad Money, Leon Topalian said, “We expected the back half of 2023 to be a little softer than the first half.” Nucor is going to continue to be the low cost, value add producer going forward, he added. Recent acquisitions are providing better than expected results, he noted. He feels the steel industry is well poised to satisfy the demand created by the CHIP, IRA acts.
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