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Lekha Gupta

Nucor Corp Q2 Net Sales Miss Estimates Amid Declining Steel Prices

Nucor Nucor Corp NUE

Nucor Corp reported a second-quarter (Q2) FY23 net sales decline of 19% year-over-year to $9.52 billion, missing the consensus of $9.62 billion. IGOR GOLOVNIOV/GETTY IMAGES

Nucor Corp (NYSE: NUE) reported a second-quarter (Q2) FY23 net sales decline of 19% year-over-year to $9.52 billion, missing the consensus of $9.62 billion.

The average sales price per ton decreased by 14% Y/Y and up 7% Q/Q.

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