“Though overall market conditions are still challenged by the pandemic, demand in non-residential construction has been resilient during this time,” the company said.  

Meanwhile, its downstream steel products segment is having a strong quarter, it said, and the automotive sector is beginning to come back. 

“Although domestic automotive production was halted due to COVID-19 concerns, we are seeing a strong rebound in automotive-related steel demand,” the company said. “The automotive industry experienced better-than-expected sales during their outage period resulting in low inventory levels as we enter the third quarter of 2020.”

However, the company said its plate and sheet mills are seeing negative impacts arising from the weak oil and gas sector and disruptions in customer production. 

Nucor president and chief executive Leon Topalian said the company’s quarterly performance reflects the strength of Nucor’s culture and business model. 

“By working hard and working together, the 27,000 men and women on the Nucor Team have done an excellent job of taking care of each other, our customers, and our shareholders," Topalian said.