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Steelmaker Nucor's third-quarter profit drops

Thu Oct 18, 2012 9:07am EDT

Oct 18 (Reuters) - Steelmaker Nucor Inc reported a drop in third-quarter earnings, partly due to lower steel prices and slowing economic growth.

Net earnings were $110.3 million, or 35 cents per share, compared with $181.5 million, or 57 cents per share, a year earlier, the Charlotte, North Carolina-based company said on Thursday.

Revenue fell 9 percent to $4.8 billion, as steel prices and shipments have dropped, Nucor said.
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