Steel Mills
January 31, 2017
Nucor to Help “Make America Great Again” by Bringing Back Manufacturing
Written by Sandy Williams
Nucor Corporation plans to help the new administration bring manufacturing back to America. It is off to a good start by posting solid earnings results for fourth quarter 2016.
Nucor announced consolidated net earnings of $159.6 million for fourth quarter 2016 compared to $305.4 million in third quarter and a loss of $187.5 million a year ago. Net sales for the quarter were $3.96 billion, down 8 percent from Q3 and up 14 percent from Q4 2015. Average sales price per ton decreased 7 percent from third quarter.
