Nucor profits jump on higher shipments

Apr 24, 2014 | 12:25 PM | Thorsten Schier

Tags  Nucor, earnings report, direct-reduced iron, DRI, steel production, steel shipments, weather, MM Steel Thorsten Schier

NEW YORK — Nucor Corp.’s net income jumped 30.9 percent in the first quarter as shipments and production rose across its market segments.

The Charlotte, N.C.-based steelmaker’s shipments totaled 6.19 million tons in the three months ended April 5, up 8.5 percent from 5.71 million tons a year earlier, with production at its steel mills climbing 7.8 percent to 5.19 million tons from 4.82 million tons. ....

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