In an interview on CNBC’s Mad Money, Leon Topalian said Nucor (NUE) is on a $16B investment campaign. “We’re thinking about our long term growth position,” he noted. “We’re hitting on a lot of cylinders right now.” The company is running at an 85% utilization rate “with plenty to go.” He expects Nucor to be EBITDA positive in Q1. Pricing and backlogs are up in every category, he added.
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