Nucor's Profits Thin Out from Weak Steel Prices in Second-Quarter 2015, but Market Expected to Improve

SUGAR LAND--July 24, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina), a leading steelmaker, saw revenues and profits decline in second-quarter 2015 as growing steel imports sent per-ton sales prices down 13% from a year earlier, which more than offset the benefits of lower scrap costs and improved downstream performance. Industrial Info is tracking $563 million in projects involving Nucor.

Within this article: Details on Nucor's quarter and projects, including two planned additions at the company's steel plate mill in Alabama.