Nucor Announces Guidance For Its First Quarter Earnings

           Nucor Announces Guidance For Its First Quarter Earnings

PR Newswire

CHARLOTTE, N.C., March 14, 2013

CHARLOTTE, N.C., March 14, 2013 /PRNewswire/ --Nucor Corporation (NYSE: NUE)
announced today guidance for its first quarter ending March 30, 2013. Nucor
expects first quarter results to be in the range of $0.20 to $0.25 per diluted
share. This performance is consistent with the qualitative guidance presented
in our fourth quarter of 2012 earnings release and conference call which
stated, "We currently expect to see first quarter 2013 earnings below our
results in the fourth quarter of 2012." This range represents a decrease from
the first quarter of 2012 earnings of $0.46 per diluted share and fourth
quarter of 2012 earnings of $0.43 per diluted share. Projected first quarter
results include an estimated LIFO charge of $16.0 million ($0.03 per diluted
share) compared to a credit of $71.9 million in the fourth quarter of 2012
($0.14 per diluted share) and a charge of $14.5 million in the first quarter
of 2012 ($0.03 per diluted share). Also affecting earnings in the first
quarter of 2012 was a non-cash gain of $12.6 million ($0.04 per diluted share)
related to the recognition of state tax credits and the adjustment of tax
expense to previously filed returns.

As we expected, our operating performance in the steel mills segment is flat
compared to the fourth quarter of 2012. This reflects weakening performance
in sheet steel offset by improved profitability for structural steel.
Overall, our steel mills have not experienced the seasonal improvement that is
typical in the first quarter of the year. Our downstream steel products
segment experienced a typical seasonal slowdown in the first quarter, and we
therefore expect to report a modest loss for that segment following three
straight quarters of profitable operating performance. Our raw materials
segment is also expected to report weaker results due to an unplanned 18 day
outage at our Trinidad Direct Reduced Iron facility and weather-related
effects negatively impacting the flow of scrap in our scrap processing
business. We continue to be cautiously optimistic about non-residential
construction markets in 2013 as they continue to improve slowly from
historically low levels. The strongest end markets continue to be in
manufactured goods including energy and automotive. Import levels and general
economic and political uncertainty continue to negatively affect our business.

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
andexpanded 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, 2012 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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