Nucor’s net income jumps 72.7% in 2d qtr.

Jul 24, 2014 | 10:51 AM | Michael Cowden

Tags  Nucor, earnings report, steel, direct-reduced iron, DRI, David J. Jospeh, scrap, Michael Cowden

CHICAGO — Nucor Corp.’s profits surged 72.7 percent in the second quarter on stronger sales, with the steelmaker upbeat on the third quarter due to higher steel sheet and plate prices and improving nonresidential construction demand.

Production problems at competitors helped to drive sheet steel sales volumes and profit margins higher in the quarter, the Charlotte, N.C.-based steelmaker said, adding that its bar mills benefitted from similar trends, it said July 24.....

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