BUZZ-Steel Cos: Shares gain on Nucor's strong outlook

Wed Sep 17, 2014 11:52am EDT
 
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** U.S. steel companies' shares up 3-12 pct

** Steel producer Nucor Corp forecast higher Q3 profit, citing increased profitability from some products

** United States Steel Corp expects Q3 adjusted results to be "significantly" higher than Wall Street expectations

** Canadian arm to apply for relief from creditors, and would drop plans to expand two facilities in Minnesota and Indiana - U.S. Steel

** U.S. Steel shares up as much as 12 pct to three-year high, Nucor's shares at highest in six years

** Steel Dynamics Inc shares also at six-year high; AK Steel Holding Corp stock up 6 pct

** Steel Dynamics and AK Steel said they completed acquisitions of U.S. units of Russia's Severstal' OAO