Charlotte North Carolina headquartered Nucor Corporation has announced record quarterly consolidated net earnings of USD 2.56 billion for April-June 2022 quarter of 2022 as compared to USD 2.10 billion in January-March quarter of 2022 and USD 1.51 billion in April-June 2021 quarter. In the first six months of 2022, Nucor reported consolidated net earnings of USD 4.66 billion, as compared with consolidated net earnings of USD 2.45 billion in the first six months of 2021. Nucor's President & Chief Executive Officer Mr Leon Topalian said “Nucor's differentiated business model is yielding exceptional results. I would like to congratulate our teammates for delivering world class performance in safety and profitability while providing exceptional customer service. Our team is focused on delivering the safest and most profitable year in our history.”In the first six months of 2022, Nucor's consolidated net sales of USD 22.29 billion were an increase of 41% compared with consolidated net sales of USD 15.81 billion reported in the first six months of 2021. Total tons shipped to outside customers in the first six months of 2022 were 13.371 million tons, a decrease of 9% from the first six months of 2021, while the average sales price per ton in the first six months of 2022 increased 55% from the first six months of 2021. The average scrap and scrap substitute cost per gross ton used in the first six months of 2022 was USD 516, a 20% increase compared to USD 431 in the first six months of 2021.Outlook “As we enter the third quarter, demand remains stable and resilient across the major end-use markets we serve, and customer inventory levels appear right-sized relative to economic conditions. Though we expect a decrease from the record-setting second quarter, we expect another strong quarter of profitability in the third quarter of 2022. We believe that 2022 will be the most profitable year in Nucor's history. We expect the steel mills segment earnings to be sequentially lower in the third quarter of 2022, due to lower expected shipment volumes and average selling prices, particularly at our sheet and plate mills. The steel products segment is expected to have another very strong quarter in the third quarter of 2022, with earnings roughly in-line with the second quarter of 2022. Raw materials segment earnings are expected to improve in the third quarter of 2022 due to higher realized pricing at our DRI facilities.”Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron & direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.