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2022-11-14

Newcastle Iron and Steel Company of the United States released its operating results report for the third quarter of 2022. In the third quarter of 2022, the company's consolidated net income was 1.69 billion US dollars, down 20.65% year on year and 33.98% month on month. From January to September, the company's consolidated net income was 6.35 billion US dollars, a year-on-year increase of 38.64%; Diluted EPS was USD 23.85, up 55.47% year on year.


In the third quarter of 2022, the consolidated net sales of Nucor Steel was US $10.5 billion, up 2% year on year and down 11% month on month; The overseas shipment volume was 6.415 million tons, down 11% year on year and 8% month on month. From January to September, the consolidated net sales of Nucor Steel was 32.79 billion US dollars, up 26% year on year; The overseas shipment volume was 19.786 million tons, down 9% year on year.


According to the report, the overall operating rate of the company in the third quarter fell to 77% from 96% in the same period last year, and the operating rate in the first nine months of this year also fell to 80% from 96% in the same period last year.


"The diluted EPS of Nuke in the first nine months of this year has set a new record, and I believe we will also set a new record of annual earnings by the end of 2022." Leon Topalian, president and CEO of Nuke Steel, said.

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