1/28/2016 3:55:00 PM
NEWS BRIEFS
Nucor Fastener Segment Sales Decline

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Nucor Corp. reported Cold Finished Steel sales, including results from Nucor Fastener, declined 9% to 95,000 tons in the fourth quarter of 2015.

For the year, Cold Finished Steel sales, dropped 11% to 449,000 tons.

Overall Nucor sales decreased 22% to $16.44 billion in 2015. Total tons shipped to outside customers dropped 11% to 22.7 million tons.

Nucor’s consolidated net sales decreased 31% to $3.46 billion in Q4. Average sales price per ton decreased 6% from the third quarter of 2015 and decreased 18% from the fourth quarter of 2014. 

Total tons shipped to outside customers fell 16% to 5.1 million tons in Q4. Total Q4 steel mill shipments decreased 16%. 

The average scrap and scrap substitute cost per ton used for the full year 2015 dropped 29% to $270. Web: Nucor-Fastener.com