Politics

Breaking: Trump’s Plan Is Working! U.S. Steel Company Makes Incredible Announcement!

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President Trump’s America first strategy is working.

Since the Trump Administration imposed tariffs on foreign steel, U.S. steel companies have been on fire!

Nucor, one of the largest steel manufacturers in the U.S announced its second biggest quarter ever, earning $683.2 million.

From nucor.com

CHARLOTTE, N.C., July 19, 2018 /PRNewswire/ — Nucor Corporation (NYSE: NUE) today announced second quarter of 2018 consolidated net earnings of $683.2 million, or $2.13 per diluted share, which are the highest second quarter earnings in the Company’s history. By comparison, Nucor reported consolidated net earnings of $354.2 million, or $1.10 per diluted share, for the first quarter of 2018 and $323.0 million, or $1.00 per diluted share, for the second quarter of 2017.

In the first half of 2018, Nucor reported consolidated net earnings of $1.04 billion, or $3.23 per diluted share, compared with consolidated net earnings of $679.9 million, or $2.11 per diluted share, in the first half of last year.

“We are pleased to report record second quarter earnings that reflect our success over the last several years positioning Nucor to take advantage of an upturn in the steel market,” said John Ferriola, Nucor’s Chairman, Chief Executive Officer and President. “We have increased our workforce by 18% and invested $8 billion since the last cyclical peak in 2008. Now, against the backdrop of a strong market and economy, we are capitalizing on those investments to move up the value chain and profitably grow our company. Our financial performance over the last six quarters demonstrates our continued operational excellence and the success of our long-term strategy to pursue our Five Drivers to Profitable Growth. The Nucor team is committed to extending our long track record of superior performance and stockholder value creation in the second half of 2018 and beyond.”

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