Nucor announced the company’s 3rd quarter consolidated net income was US$2.7 billion this year, compared with net profit was US$2.338 million in 2nd quarter, compared with US$2.271 million last year.

Nucor’s 3rd quarter consolidated net sales increased 1% to US$42.9 billion, compared with US$42.5 billion in the previous quarter, an increase of 2%, compared with US$42.3 billion in last year.

The company said, the 4th quarter revenue forecast is expected to be lower than the last quarter, the main factor is the steel industry margins are reduced, particularly in steel plate factory