Nucor Corporation (NUE)

[ontopofit]

Last week on conference call Nucor CEO Dan DiMicco cited Caterpillar when discussing strong steel and markets. "The Heavy equipment market we continue to see as strong", "Particularly with companies like Caterpillar, starting to move some more of its productions into the United States from Overseas"
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Monday, 25 July 2011
Forecasting increasing demand for its plate-intensive heavy machinery, equipment manufacture Caterpillar is increasing capacity and production levels around the world, including significant expansions in the US.

Caterpillar reported record second quarter profit of $1.02bn on sales of $14.2bn. Those numbers were up 44% and 37% respectively from Q2 2010 profit of $707m on sales of $10.41bn