Nucor Announces Guidance For Its Fourth Quarter Earnings

           Nucor Announces Guidance For Its Fourth Quarter Earnings

PR Newswire

CHARLOTTE, N.C., Dec. 18, 2012

CHARLOTTE, N.C., Dec. 18, 2012 /PRNewswire/ -- Nucor Corporation (NYSE: NUE)
announced today guidance for its fourth quarter ending December 31, 2012.
Nucor expects fourth quarter results to be in the range of $0.25 to $0.30 per
diluted share. This represents a decrease from the third quarter of 2012
earnings of $0.35 per diluted share and from the fourth quarter of 2011
earnings of $0.43 per diluted share. Projected fourth quarter results include
an estimated LIFO credit of $29 million ($0.06 per diluted share) compared to
a credit of $84 million in the third quarter of 2012 ($0.16 per diluted share)
and a charge of $52 million in the fourth quarter of 2011 ($0.11 per diluted

Third quarter of 2012 results include non-cash inventory related purchase
accounting charges of approximately $28.2 million ($0.06 per diluted share)
associated with our acquisition of Skyline Steel LLC, and a loss on the sale
of the assets of Nucor Wire Products Pennsylvania, Inc. of $17.6 million
($0.04 per diluted share). Fourth quarter of 2011 results were impacted by a
non-cash gain of $29.0 million ($0.06 per diluted share) for the correction of
an actuarial calculation related to the medical plan covering certain eligible
early retirees.

As we expected, our profitability has decreased in the fourth quarter compared
to the third quarter of 2012. This decrease is mainly due to a smaller LIFO
credit in the fourth quarter and lower margins in the steel business. Lower
steel mill margins are primarily impacting our bar and plate steel mills
reflecting the cumulative impact of high import levels and general economic
uncertainty. Sheet mill margins are improved in the fourth quarter after
bottoming in the third quarter of 2012.

Nucor and affiliates are manufacturers of steel products, with operating
facilities primarily in the U.S. and Canada. Products produced include: carbon
and alloy steel -- in bars, beams, sheet and plate; steel piling; steel joists
and joist girders; steel deck; fabricated concrete reinforcing steel; cold
finished steel; steel fasteners; metal building systems; steel grating and
expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI;
supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is
North America's largest recycler.

Certain statements contained in this news release are "forward-looking
statements" that involve risks and uncertainties. The words "believe,"
"expect," "project," "will," "should," "could" and similar expressions are
intended to identify those forward-looking statements. Factors that might
cause the Company's actual results to differ materially from those anticipated
in forward-looking statements include, but are not limited to: (1) the
sensitivity of the results of our operations to prevailing steel prices and
the changes in the supply and cost of raw materials, including scrap steel;
(2) market demand for steel products; (3) energy costs and availability; and
(4) competitive pressure on sales and pricing, including competition from
imports and substitute materials. These and other factors are outlined in
Nucor's regulatory filings with the Securities and Exchange Commission,
including those in Nucor's December 31, 2011 Annual Report on Form 10-K. The
forward-looking statements contained in this news release speak only as of
this date, and Nucor does not assume any obligation to update them.

SOURCE Nucor Corporation

Contact: Nucor Executive Offices, +1-704-366-7000, or fax, +1-704-362-4208
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