Nucor Corporation: A Tale Of Increasing Capacity and Metallics Control! 

Nucor Corporation, a leading manufacturer of high-performance steel products, reported its second[1]quarter results. The company’s earnings decreased quarter-on-quarter to $2.68 per diluted share while year-to-date earnings stood at $6.14 per diluted share. A key determinant of the declining earnings was lower average selling prices in both the steel mills and steel product segments. Despite this, Nucor remains keen on maintaining a strong balance sheet and returning capital to shareholders. The company repurchased approximately 2.9 million shares for a hefty $500 million. Besides, the organization showcased a resilient credit rating after Moody’s changed its outlook on Nucor’s senior unsecured credit rating from stable to positive.