7/22/2016 12:46:00 AM
NEWS BRIEFS
Nucor Fastener Segment Sales Decline
Nucor Corp. reported Cold Finished Steel sales, including results from Nucor Fastener, dropped 6% to 110,000 tons in the second quarter of 2016.
Consolidated net sales increased 14% to $4.25 billion in Q2 from $3.72 billion in the first quarter of 2016 and decreased 3% compared with $4.36 billion in the second quarter of 2015.
Average sales price per ton in the second quarter of 2016 increased 9% from the first quarter of 2016 and decreased 9% from the second quarter of 2015. Total tons shipped to outside customers were 6,457,000 tons in the second quarter of 2016, a 5% increase from the first quarter of 2016 and a 7% increase from the second quarter of 2015.
Cold Finished steel sales in the first half of 2016 declined to 229,000 tons.
First-half consolidated net sales decreased 9% to $7.96 billion, compared with $8.76 billion in last year’s first half. Total tons shipped to outside customers increased 8% from the first half of 2015, while average sales price per ton decreased 16%.
The average scrap and scrap substitute cost per ton used during the second quarter of 2016 was $232, an increase of 20% from $193 in the first quarter of 2016 and a decrease of 14% compared to $271 in the second quarter of 2015. The average scrap and scrap substitute cost per ton used in the first half of 2016 was $213, a decrease of 28% from $297 in the first half of 2015. Web: nucor.com
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