Steel Mills
October 20, 2016
Nucor Values Improved Profit Margins over Capacity Utilization
Written by Sandy Williams
Nucor Corporation reported net earnings of $270 million for third quarter, up from 233.8 million in Q2 and 227.1 in Q3 2015.
Consolidated net sales in third quarter increased 1 percent to $4.29 billion from the previous quarter and 2 percent from a year ago. Average sales price per ton increased 11 percent QoQ. Tons shipped to outside customers fell 9 percent to 5,889,000 tons and total third quarter steel shipments were down 12 percent from second quarter.
