7/24/2014 12:28:00 PM
NEWS BRIEFS
Nucor Fastener Segment Sees Double-Digit Sales Increase
Nucor Corp. reported Cold Finished Steel sales, including results from Nucor Fastener, increased 7% to 133,000 tons in the second quarter of 2014.
Nucor’s consolidated net sales increased 4% to $5.29 billion in Q2 compared with $5.11 billion in the first quarter of 2014 and increased 13% compared with $4.67 billion in the second quarter of 2013.
Average sales price per ton increased 1% over the first quarter of 2014 and increased 4% over the second quarter of 2013. Total tons shipped to outside customers were 6,370,000 tons in the second quarter of 2014, a 3% increase over the first quarter of 2014 and an increase of 9% over the second quarter of 2013. Total second quarter steel mill shipments increased 1% over the first quarter of 2014 and 9% over the second quarter of 2013.
Second quarter downstream steel products shipments to outside customers increased 17% over the first quarter of 2014 and increased 11% over the second quarter of 2013.
During the first six months of 2014 Cold Finished Steel sales rose 10% to 271,000 tons.
In the first half of 2014, Nucor’s consolidated net sales increased 13% to $10.4 billion, compared with $9.22 billion in last year’s first half. Total tons shipped to outside customers increased 9% from the first half of 2013, while average sales price per ton increased 4%.
The average scrap and scrap substitute cost per ton used in the second quarter of 2014 was $384, a 4% decrease from $398 in the first quarter of 2014 and an increase of 2% over $377 in the second quarter of 2013. The average scrap and scrap substitute cost per ton used in the first half of 2014 was $391, an increase of 3% over $378 in the first half of 2013.
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