SOURCE: Industrial Info Resources

October 20, 2008 08:00 ET

Nucor Year-to-Date Profits Reach a Record $1.73 Billion on Rising Steel Prices and Smart Acquisitions, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - October 20, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Thursday, October 16, Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina), one of North American's largest steel manufacturers, announced its earnings for the third quarter of 2008. The company's year-to-date earnings stand at $1.73 billion, up 56% from the same period last year. Nucor pointed to higher sales prices and recent acquisitions made by the company as contributing to these increased earnings. Industrial Info, as part of its Metals and Minerals Database, is currently monitoring $5.2 billion of projects belonging to Nucor. Nucor's most ambitious project involves the construction of a grassroot steel mill and cogeneration power plant in Convent, Louisiana.

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