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Steelmaker Nucor's profit falls 24 percent as prices drop
July 18, 2013 / 1:18 PM / 4 years ago

Steelmaker Nucor's profit falls 24 percent as prices drop

(Reuters) - Steelmaker Nucor Corp (NUE.N) reported a 24 percent fall in second-quarter profit due to a decline in selling prices.

Net profit fell to $85.1 million, or 27 cents per share, from $112.3 million, or 35 cents per share, a year earlier.

Sales fell nearly 9 percent to $4.67 billion.

Reporting by Sayantani Ghosh and Bhaswati Mukhopadhyay in Bangalore

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