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Nucor Corp NUE
Q2 2012 Earnings Call Transcript

Transcript Call Date 07/19/2012

Operator: Good day everyone and welcome to the Nucor Corporation's Second Quarter of 2012 Earnings Conference Call. As a reminder today's conference is being recorded. Later we will conduct a question-and-answer session and the instructions will come at that time.

Certain statements made during this conference call will be forward-looking statements that involve risks and uncertainties. The words we, expect, believe, anticipate, and variations of such words and similar expressions are intended to identify those forward-looking statements, which are based on management's current expectations and information. Nucor believes they are based on reasonable assumptions. There can be no assurance that future events will not affect their accuracy. More information about the risks and uncertainties relating to these forward-looking statements may be found in the Nucor's latest 10-K and subsequently filed 10-Qs, which are available on the SEC's and Nucor's website. The forward-looking statements made in this conference call speak only as of this day, and Nucor does not assume any obligation to update them either as a result of new information, future events or otherwise.

Now for opening remarks and introductions, I would like to turn the call over to Mr. Dan DiMicco, Chairman and Chief Executive Officer of Nucor Corporation. Please go ahead, sir.

Daniel R. DiMicco - Chairman and CEO: Thank you, Toya. Good afternoon. This is Dan DiMicco, Nucor's Chairman and Chief Executive Officer. Thank you for joining us for our conference call. As always, we appreciate your interest in Nucor.

With me for today's call are the other members of Nucor's senior management team; Our President and Chief Operating Officer, John Ferriola; our Chief Financial Officer, Jim Frias; and our other Executive Vice Presidents, Jim Darsey, responsible for our Bar Group; Keith Grass, responsible for our David J. Joseph's Materials Handling and Scrap Group; Ladd Hall, responsible for our over Flat-Rolled Products Group; Ham Lott, heading up our Fabricated Products Group; and Joe Stratman, who is responsible for both Business Development and our Plate and Beam businesses.

First, as always and most importantly, we want to thank everyone on our Nucor, Harris Steel, David J. Joseph, Duferdofin and NuMit Steel Technologies teams for your excellent work in today's extremely challenging economic and steel market conditions. We are tremendously proud of your unrivaled commitment to working safely, taking care of all of our customers, building a stronger and more profitable Nucor. You are and always will be Nucor's greatest asset and our true competitive advantage. Thank you all.

We also want to extend a very warm welcome to the newest addition to our Nucor family. In late June, 481 teammates of Skyline Steel joined the Nucor team. As proven and valued partners for over two decades, we are extremely excited to welcome you into Nucor. Together our combined team is uniquely positioned to grow in the steel piling business. Skyline gives Nucor another attractive growth platform. We are bringing together a North American market leader in the production of steel piling products, Nucor, and a North American market leader in the distribution of steel piling products and some of its manufacturer, Skyline.

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