7/23/2009
NEWS BRIEFS
Nucor Tallies Fastener Segment Sales

Nucor reported cold finished steel products sales, including fasteners, fell 47% to 76,000 tons during the second quarter of 2009.

During the first six months of the year cold finished sales dropped 44% to 156,000 tons.

Overall sales dropped 65% to $2.48 billion during Q2, down 7% from the previous quarter. Nucor reported a $133.3 million loss for the quarter.

Average sales price per ton decreased 16% from the first quarter of 2009 and decreased 34% from the second quarter of 2008. Total tons shipped to outside customers were 4,116,000 tons in the second quarter of 2009, an increase of 11% over the first quarter of 2009 and a decrease of 47% from the second quarter of 2008.

During the first half of 2009 overall sales dropped 57% to $5.13 billion, with a net loss of $323 million. Average sales price per ton decreased 23% while total tons shipped to outside customers decreased 45% from the first half of 2008. ©2009 GlobalFastenerNews.com

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