7/19/2012 12:47:00 PM
NEWS BRIEFS
Nucor Fastener Segment Sales Show Modest Increase
Nucor Corp. reported cold finished steel results, including Nucor Fastener, grew 2% to 132,000 tons in the second quarter of 2011.
Six-month cold finished steel sales gained 3% to 270,000 tons.
Nucor’s consolidated net sales increased 1% to $5.10 billion in the second quarter of 2012 compared with $5.07 billion in the first quarter of 2012 and decreased slightly compared with $5.11 billion in the second quarter of 2011. Consolidated net earnings declined 62% to $112.3 million.
Average sales price per ton increased slightly from the first quarter of 2012 and decreased 6% from the second quarter of 2011. Total tons shipped to outside customers were 5,925,000 tons, a slight increase from the first quarter of 2012 and an increase of 6% over the second quarter of 2011.
The average scrap and scrap substitute cost per ton used in the second quarter of 2012 was $427, a decrease of 4% from $445 in the first quarter of 2012 and a decrease of 4% from $444 in the second quarter of 2011.
In the first half of 2012, Nucor’s consolidated net sales increased 2% to $10.18 billion. Consolidated net earnings declined 44% to $257.4 million. Total tons shipped to outside customers increased 2% over the first half of 2011, while average sales price per ton was unchanged.
The average scrap and scrap substitute cost per ton used in the first half of 2012 was $436, an increase of 1% over $433 in the first half of 2011. ©2012 GlobalFastenerNews.com
Related Stories:
• Precision Castparts Continues to Expand Fastener Segment
• Aerospace Fasteners Market to Reach $6.8 Billion by 2018
• FDI: Fastener Demand and Confidence “Fading”
Related Links:
Share: