10/23/2014 12:48:00 PM
NEWS BRIEFS
Nucor Fastener Segment Sales Increase
Nucor reported Cold Finished Steel segment sales, including results from Nucor Fastener, rose 14% to 129,000 tons in the third quarter.
Nine-month Cold Finished Steel shipments increased 11% to 400,000 tons.
Consolidated Nucor sales increased 8% to $5.7 billion in Q3 compared with $5.29 billion in the second quarter of 2014 and increased 15% compared with $4.94 billion in the third quarter of 2013. Net earnings declined 0.4% to $147 million.
Average sales price per ton increased 1% over the second quarter of 2014 and increased 5% over the third quarter of 2013. Total tons shipped to outside customers were 6,784,000 tons in the third quarter of 2014, a 6% increase over the second quarter of 2014 and an increase of 10% over the third quarter of 2013.
Total third quarter steel mill shipments increased 5% over the second quarter of 2014 and 7% over the third quarter of 2013. Third quarter downstream steel products shipments to outside customers increased 9% over the second quarter of 2014 and increased 18% over the third quarter of 2013.
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