Steel Mills
July 24, 2014
Nucor: Severstal Columbus Did Not Meet Our Criteria
Written by Sandy Williams
Nucor announced consolidated net earnings of $147 million for the second quarter of 2014. Second quarter net sales increased by 4 percent to 5.29 billion compared to Q1 and 13 percent compared to Q2 2013. Steel shipments to outside customers totaled 6,370,000 tons, an increase of 1 percent q/q and 9 percent y/y.
Steel production totaled 5,324,00 tons in Q2, up 9 percent y/y. Average sales price per ton increased by 1 percent compared to first quarter, and 4 percent when compared to Q2 2013.
