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Nucor Reports Earnings Increase Across Operating Segments
07/29/2025 - Nucor Corp. today announced the second quarter of 2025 saw an increase in earnings across all three operating segments and set another safety record.
For the second quarter ending on 5 July 2025, Nucor recorded net sales increased 8% to US$8.46 billion compared to the first quarter of 2025 and 5% compared to the second quarter of 2024. The company said steel product shipments to outside customers rose 9% compared to the first six months of 2024 to 13.65 million metric tons.
The average sales price per metric ton increased 8% compared with the first quarter of 2025 and decreased 3% compared to the second quarter of 2024.
Operating rates increased to 82% in the first six months of 2025 compared to 79% in the first six months of 2024, the company reported.
The increase in earnings for the steel mills segment was attributed to higher average selling prices at Nucor’s sheet and plate mills. Increased earnings in the steel products segment were due to stable overall pricing, higher volumes and lower average costs per metric ton. The raw materials segment’s increased earnings were due to scrap processing operations, the company said.
"As we head into the second half of 2025, we are encouraged by resilient demand across key end markets, a healthy order backlog, and recently enacted tax and trade policies that promote American manufacturing,” said Leon Topalian, president and chief executive officer of Nucor.
The average sales price per metric ton increased 8% compared with the first quarter of 2025 and decreased 3% compared to the second quarter of 2024.
Operating rates increased to 82% in the first six months of 2025 compared to 79% in the first six months of 2024, the company reported.
The increase in earnings for the steel mills segment was attributed to higher average selling prices at Nucor’s sheet and plate mills. Increased earnings in the steel products segment were due to stable overall pricing, higher volumes and lower average costs per metric ton. The raw materials segment’s increased earnings were due to scrap processing operations, the company said.
"As we head into the second half of 2025, we are encouraged by resilient demand across key end markets, a healthy order backlog, and recently enacted tax and trade policies that promote American manufacturing,” said Leon Topalian, president and chief executive officer of Nucor.
