Nucor, Steel Dynamics Profits Up, Continue With Growth Projects

SUGAR LAND--October 21, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Steelmakers Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) and Steel Dynamics Incorporated (NASDAQ:STLD) (Fort Wayne, Indiana) reported third-quarter results on Thursday. Nucor reported net earnings of $270 million, compared to $233.8 million for third-quarter 2015, while Steel Dynamics reported net income of $157.4 million, compared to net income of $60.6 million in third-quarter 2015. Both companies continue capital growth projects to help increase quantity and type of production. Industrial Info is tracking projects valued at $189 million belonging to Steel Dynamics and projects valued at $854 million belonging to Nucor.