7/19/2013 10:55:00 AM
NEWS BRIEF
Nucor Corporation reported cold finished steel sales, including results from Nucor Fastener, declined 6% to 124,000 tons in the second quarter of 2013.
During the first six months of 2013 cold finished steel sales dropped 9% to 246,000 tons.
Overall Q2 sales grew 3% to $4.67 billion from the opening quarter, and were down 8% from the second quarter of 2012. Average sales price per ton increased slightly from the first quarter of 2013 and decreased 7% from the second quarter of 2012. Total tons shipped to outside customers were 5,839,000 tons in the second quarter of 2013, a 2% increase over the first quarter of 2013 and a decrease of 1% from the second quarter of 2012. Total second quarter steel mill shipments decreased 3% from the second quarter of 2012 and were down 1% from the first quarter of 2013.
The average scrap and scrap substitute cost per ton used in the second quarter of 2013 was $377, a slight decrease from $379 in the first quarter of 2013 and a decrease of 12% from $427 in the second quarter of 2012.
First-half consolidated net sales decreased 9% to $9.22 billion. Total tons shipped to outside customers decreased 3% from the first half of 2012, while average sales price per ton decreased 7%.
The average scrap and scrap substitute cost per ton used in the first half of 2013 was $378, a decrease of 13% from $436 in the first half of 2012. ©2013 GlobalFastenerNews.com
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