Earnings before income taxes and noncontrolling interests in the raw materials segment for improved significantly fromwith the most significant driver being the improved performance of our DRI operations, particularly at Nucor Steel Louisiana. Type: Grant. Changes in marketing, administrative and other expenses, particularly profit sharing costs, can have a material effect on our results of operations for a reporting period as well. Legal Marketing. All of those factors, to some degree, impact pricing, which increases the likelihood that Nucor will experience lower gross margins. US State Law.
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Spot prices on many of our products continue to improve and lead times are extending. All inventories held by other subsidiaries of the parent company are also valued using the FIFO method.
Our Louisiana DRI G facility was not in operation for much of the first quarter of as repairs related to an equipment failure that occurred in were completed. When proved reserves are found on unproved properties, the associated leasehold cost is transferred to proved properties. Market conditions were much more challenging for the steel mills segment in as compared to due to the steep drop in oil prices and the significant negative impact on energy-related steel.
Backlog tons for our joist, deck, building systems and rebar fabrication businesses were higher at the end of than at the end of as market demand seems to be improving. If management considers the decline to be other than temporary, the Company would write down the investment to its estimated fair market value.
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|The buildings are sold primarily through an independent builder distribution network in order to provide fast-track, customized solutions for building owners.
Publication date: July 17, New shares are issued upon exercise of stock options.
DJJ is also the North American industry leading broker of ferrous scrap; internationally sources scrap, pig iron and other scrap substitutes; and brokers ferro-alloys and nonferrous metals.
Other Databases. The annual production capacity has grown fromtons in to a present total of nearly 27, tons.
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As a result of the transaction, Nucor obtained control and began to consolidate that entity. The Company is evaluating the impact that the adoption of this new guidance will have on its consolidated financial statements.
The raw materials segment was also impacted by the decreased performance of our DRI facilities in as previously discussed.
Nucor Corporation Annual Report PDF Free Download
We have a simple capital structure with no off-balance sheet arrangements or relationships with unconsolidated special purpose entities that we believe could have a material impact on our financial condition or liquidity. A significant portion of our steel mills and steel products segments sales are into the commercial, industrial and municipal construction markets. As of December 31, and December 31,the notes receivable were classified in other assets in the consolidated balance sheets.
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In FebruaryNucor acquired additional strategic assets in the bar grating business which will help us expand our geographic footprint, increase our North American market leadership position, and provide additional value to our customers.
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The steel products segment includes steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and wire and wire mesh.
Asset impairments are assessed whenever circumstances indicate that the carrying amounts of those productive assets could exceed their projected undiscounted cash flows. John Ferriola and his executive team are to be commended for the growth strategy they have developed and the decisive steps they have taken to carry it out. We have allocated the purchase price for Gallatin to its individual assets acquired and liabilities assumed.
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|This additional incentive compensation is paid weekly.
Earnings before income taxes and noncontrolling interests in the raw materials segment for improved significantly fromwith the most significant driver being the improved performance of our DRI operations, particularly at Nucor Steel Louisiana. Department of Commerce announced its final determinations against China for illegally subsidizing and dumping plate. These contracts are generally non-cancelable agreements with a pricing formula that varies based on the current market-based indices at or near the approximate time of shipment.
Our audits also included performing such other procedures as we considered necessary in the circumstances.