The air gas separation unit at Nucor Steel West Virginia is visible for miles along W.Va. 2 and can be seen from Ohio 7, also. It is shown here on June 25, 2025.
Nucor Corp. on Monday reported stronger earnings for the second quarter of 2025 compared with the first quarter, but it still lagged a bit behind last year’s second-quarter results.
Nucor is building a $4 billion mill in Apple Grove, Mason County which is scheduled for completion late next year.
The air gas separation unit at Nucor Steel West Virginia is visible for miles along W.Va. 2 and can be seen from Ohio 7, also. It is shown here on June 25, 2025.
JIM ROSS | HD Media
After markets closed Monday, Nucor issued its quarterly earnings statement in which it said net earnings in the second quarter were $603 million, up from $156 million in the first quarter but down from $645 million in the second quarter of 2024.
“Our team delivered a solid second quarter, with sequential earnings growth from all three of Nucor’s reporting segments, and did so while setting another safety record in the first half of 2025,†Leon Topalian, Nucor’s chair, president and chief executive officer, said in the earnings release. “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.â€
The earnings release said, “In the first six months of 2025, Nucor’s consolidated net sales of $16.29 billion was comparable with consolidated net sales of $16.21 billion reported in the first six months of 2024. Total tons shipped to outside customers in the first six months of 2025 were approximately 13,650,000 tons, an increase of 9% compared with the first six months of 2024, and the average sales price per ton in the first six months of 2025 decreased 8% compared with the first six months of 2024.â€
Nucor also released its earnings presentation, which included information other than financial results.
“Overall, federal trade policy has been constructive for the American steel industry,†the presentation said. It said 50% tariffs on all steel imports and listed derivative products “are beginning to curb the volume of transshipped and unfairly traded imports into the U.S. We expect comprehensive approach will increase demand for domestically produced steel and derivative products.â€
It added, “Evolving trade policies will likely impact American steel producers unevenly, underscoring the need for vigilance and flexibility to optimize cost structures.â€
Nucor and its affiliates manufacture steel and steel products, with operating facilities in the United States, Canada and Mexico. Its mills produce new steel from scrap. Nucor says it is North America’s largest recycler.
