<p>Charlotte North Carolina headquartered steel maker Nucor Corporation has announced consolidated net earnings of USD 6.83 billion for 2021 as compared with consolidated net earnings of USD 721.5 million in 2020. Nucor's President & Chief Executive Officer Mr Leon Topalian said "By so many measures, 2021 was an extraordinary year for Nucor. Our team delivered incredible financial and operational results in 2021. However, I am even prouder of the fact that our team had a record year in Safety performance for the second straight yea. Our record financial performance is the result of years of work investing to strategically position and grows our portfolio of capabilities across the steel value chain.</p><p>Steel mills total shipments 2021</p><p>Sheet - 11.131 million tonnes, up 11% YoY</p><p>Bars - 9.269 million tonnes, up 14% YoY</p><p>Structural - 2.649 million tonnes, up 17% YoY</p><p>Plate - 2.289 million tonnes, up 17% YoY</p><p>Other - 0.352 million tonnes, up 19% YoY</p><p>Total - 25.690 million tonnes, up 13% YoY</p><p>Earnings before income taxes and noncontrolling interests by segment 2021</p><p>Steel mills - USD 9,735 million, up 1252% YoY</p><p>Steel products – USD 1,291 million, up 87% YoY</p><p>Raw materials - USD 550 million, up 2228% YoY</p><p>Corporate/eliminations – USD -2,376 million, up 297% YoY</p><p>Total - USD 9,201 million, up 1001% YoY</p><p>First Quarter of 2022 Outlook – “End use market demand remains strong for steel and steel products, and we are confident that 2022 will be another year of strong profitability for Nucor. We expect consolidated net earnings attributable to Nucor stockholders in the first quarter of 2022 will be slightly reduced from the record results of the fourth quarter of 2021. Diluted earnings per share for first quarter of 2022 will benefit from lower weighted average shares outstanding. Steel mill segment earnings are expected to decline in the first quarter of 2022 due to decreased profitability of our sheet mills. The steel products segment is expected to achieve further margin expansion and profitability in the first quarter of 2022 as backlog pricing has improved reflecting higher steel costs. Earnings of the raw materials segment are expected to improve slightly in the first quarter of 2022 as compared to the fourth quarter of 2021 due to the improved profitability of our direct reduced iron facilities, partially offset by the impact of lower scrap prices on our scrap brokerage and processing operations.”</p>
<p>Charlotte North Carolina headquartered steel maker Nucor Corporation has announced consolidated net earnings of USD 6.83 billion for 2021 as compared with consolidated net earnings of USD 721.5 million in 2020. Nucor's President & Chief Executive Officer Mr Leon Topalian said "By so many measures, 2021 was an extraordinary year for Nucor. Our team delivered incredible financial and operational results in 2021. However, I am even prouder of the fact that our team had a record year in Safety performance for the second straight yea. Our record financial performance is the result of years of work investing to strategically position and grows our portfolio of capabilities across the steel value chain.</p><p>Steel mills total shipments 2021</p><p>Sheet - 11.131 million tonnes, up 11% YoY</p><p>Bars - 9.269 million tonnes, up 14% YoY</p><p>Structural - 2.649 million tonnes, up 17% YoY</p><p>Plate - 2.289 million tonnes, up 17% YoY</p><p>Other - 0.352 million tonnes, up 19% YoY</p><p>Total - 25.690 million tonnes, up 13% YoY</p><p>Earnings before income taxes and noncontrolling interests by segment 2021</p><p>Steel mills - USD 9,735 million, up 1252% YoY</p><p>Steel products – USD 1,291 million, up 87% YoY</p><p>Raw materials - USD 550 million, up 2228% YoY</p><p>Corporate/eliminations – USD -2,376 million, up 297% YoY</p><p>Total - USD 9,201 million, up 1001% YoY</p><p>First Quarter of 2022 Outlook – “End use market demand remains strong for steel and steel products, and we are confident that 2022 will be another year of strong profitability for Nucor. We expect consolidated net earnings attributable to Nucor stockholders in the first quarter of 2022 will be slightly reduced from the record results of the fourth quarter of 2021. Diluted earnings per share for first quarter of 2022 will benefit from lower weighted average shares outstanding. Steel mill segment earnings are expected to decline in the first quarter of 2022 due to decreased profitability of our sheet mills. The steel products segment is expected to achieve further margin expansion and profitability in the first quarter of 2022 as backlog pricing has improved reflecting higher steel costs. Earnings of the raw materials segment are expected to improve slightly in the first quarter of 2022 as compared to the fourth quarter of 2021 due to the improved profitability of our direct reduced iron facilities, partially offset by the impact of lower scrap prices on our scrap brokerage and processing operations.”</p>
