18
Jul
21:09
Nucor scrap costs, average pricing falls in Q2
Nucor’s scrap costs dropped in the second quarter and the second half as a whole, Kallanish learns from the company’s quarterly earnings review.
Nucor’s scrap and scrap substitute cost in Q2 was $330/short ton, down -6% from Q1 and -12% from Q2 2018.
The average scrap cost for the first half was $341/st, down -4% from the equivalent period last year.
Nucor’s average sales price/st was down -3% in Q2 compared with Q1 and -2% compared…
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Anonymous
Very good overview of the weekly steel market.
Anonymous