N.C.-based Nucor Steel tops full-year earnings record in 2022

N.C.-based Nucor Steel tops full-year earnings record in 2022

January 27th, 2023

Nucor, the steelmaker based in Charlotte with a plate plant in northeastern North Carolina, earned a record $7.6 billion in 2022, or $28.79 per share.

NASDAQ reports the Q4 profit at the largest U.S. steelmaker beat estimates but lower volume and prices cut earnings from a year ago.

Nucor soared 66 percent last year, best of all North Carolina public companies, according to Business NC.

Located on 990 acres along the Chowan River, Nucor Hertford County employees 800 workers producing steel plate from recycled scrap metal for uses ranging from railroad tank cars to armored personnel carriers.

Posted in BIZ
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