Nucor Corp. reported Cold Finished Steel segment sales, including results from Nucor Fastener, increased 3% to 98,000 tons in the fourth quarter of 2016.

Full-year Cold Finished Steel segment sales fell 5% to 426,000 tons.

Overall Nucor sales decreased 1% to $16.21 billion in 216. Total tons shipped to outside customers grew 7% to 24.31 million, while average sales price per ton decreased 8%.

The average scrap and scrap substitute cost per ton used dropped 16% to $228 during the year.

Steel mill operating rates for the full year 2016 increased to 80% as compared to 73% the prior year, while energy costs decreased $4 per ton due to improved productivity from increased production volumes and lower unit costs for electricity and natural gas.