Nucor Corporation announced consolidated net earnings attributable to Nucor stockholders of $603 million, or $2.60 per diluted share, for the second quarter of 2025. By comparison, Nucor reported consolidated net earnings attributable to Nucor stockholders of $156 million, or $0.67 per diluted share, for the first quarter of 2025 and $645 million, or $2.68 per diluted share, for the second quarter of 2024.
In the first six months of 2025, Nucor reported consolidated net earnings attributable to Nucor stockholders of $759 million, or $3.26 per diluted share, compared with consolidated net earnings attributable to Nucor stockholders of $1.49 billion, or $6.14 per diluted share, in the first six months 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,” said Leon Topalian, Nucor’s chair, president and chief executive officer. “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.”
Nucor’s consolidated net sales increased 8 percent to $8.46 billion in the second quarter of 2025 compared with $7.83 billion in the first quarter of 2025 and increased 5 percent compared with $8.08 billion in the second quarter of 2024. Average sales price per ton in the second quarter of 2025 increased 8 percent compared with the first quarter of 2025 and decreased 3 percent compared with the second quarter of 2024. A total of approximately 6,820,000 tons were shipped to outside customers in the second quarter of 2025, which was comparable with the first quarter of 2025 and was an 8 percent increase compared with the second quarter of 2024. Total steel mill shipments in the second quarter of 2025 were comparable to the first quarter of 2025 and increased 10 percent compared to the second quarter of 2024. Steel mill shipments to internal customers represented 22 percent of total steel mill shipments in the second quarter of 2025, compared with 19 percent in the first quarter of 2025 and 21 percent in the second quarter of 2024. Downstream steel product shipments to outside customers in the second quarter of 2025 increased 9 percent compared with the first quarter of 2025 and increased 6 percent compared with the second quarter of 2024.
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 percent compared with the first six months of 2024 and the average sales price per ton in the first six months of 2025 decreased 8 percent compared with the first six months of 2024.
The average scrap and scrap substitute cost per gross ton used in the second quarter of 2025 was $403, a 2 percent increase compared to $394 in the first quarter of 2025 and $396 in the second quarter of 2024. The average scrap and scrap substitute cost per gross ton used in the first six months of 2025 was $398, a 3 percent decrease compared to $409 in the first six months of 2024.
Published September 2025