Materials, your for us members quarter thank Other Joe our our for Rebar Products, are Products, and of Products, Officer, Utermark, Nucor's you afternoon responsible responsible Chief for executive Fabricated Chad Officer, and Dave Financial Good Bar Frias, on Stratman, Ladd Bar for Feldman Beam Products. and including joining Merchant for Jim in our Hall Construction Sumoski, Engineered responsible today Tubular interest Digital the team Raw Sheet Products, Chief Leon Napolitan call for responsible and Nucor. and for responsible responsible for for also fourth earnings call Ray Plate and Craig Topalian,
Before we review our XXXX financial results.
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economy another better. a highlights the to will System U.S. discuss cumulative record Increased traded performance year me amount of volume impact We recent at for XXXX industry and unfairly took steel has the a good of way demand XXXX have made quarter record earnings the cases approximately the won the Frias economic we Now and for tailwind of year. tariffs growth significantly. our and to in steel declined XXX year, was from Section ongoing the U.S. imports provided tariffs then the a best reform to The is and lower record even last for for review levels fourth fueled year. the the sum million for Between inputs I'll some It end added steel. for industry the Strong Nucor. this. tons trade Nucor. year, of generated years up the the market record share per The X financial it Federal posted our reform Regulatory shipped Jim and efforts tax and
upturn we in of take been advantage Nucor decade, full have past positioning the Over steel to an the market.
on market and investments the by enhanced building invested our our that diversity billion product leadership increase positions. competitive to strengths we power. company's $X During earnings peak time than more These
is that results investing Nucor Our profitable for of working. financial strategy disciplined demonstrate is growth
investments our examples how of few company's and are earnings those just a are value shareholder power driving Here growing creation.
prior the greater record industry's group's than performance achieved the sheet contribution during XXXX more up was XX% Our pre-tax steel metal previous group's than cycle.
Hickman's and Berkeley's metal downturn, sheet caster Decatur's of line, vacuum Gallatin galvanizing the economic acquisition steel, Mill investments included the our and degasser. upgrade During Hot
South bar Our achieved normalizing first doubled product realized this in product XXXX in earnings plate capabilities products Tennessee And record add than group from late shipments This group capitalizing [new] pilings. our at is expanded XXXX accelerated strength, and previously and group capabilities after that Shipments and strategic capabilities level. The in mills also to our Nebraska, Nucor mill been value-added prior low at market served year alloy attractively steel investments driven high by portfolio we [ph] alloy engineered our on lighter includes product Carolina. models more the last investments beams mill expanded structural to at now add Harford. year steel by terms of imports. because sheet the beams has low made treating cooling strength high heat Nucor Tuscaloosa. delivered that into of wider making The exclusively
Our completed record we acquisitions, Downstream performance earnings in powered impressive and the and late steel XXXX, in electrical segment by delivered HSS the early XXXX. of conduit product product XXXX
shy execution alignment performance initiatives efficiency is and during Louisiana DJJ's scrap The materials Joseph's XXXX Finally, plants. facility new our and enhancing the by of recycling and both steelmaking records of our business businesses. achieved in significant DRI J. and both earnings uptime, of David raw its scrap annual delivered for were XXXX. plant mill Joseph gains profitability was just our returns David established unprecedented record DRI J. production market, achieved by successful shipments
delivering build in We continue track Nucor's to to investors. order record of our invest returns for long superior Nucor's future in
grow Six the these Nucor. at expect this investment of steelmaking time high and approximately initiatives XXX In modern approximately billion greater will Midwest, coming in technological that build I'll new complete mills Over billion the flat discuss capacity mill capital have course of create we the which our existing investment already production enhancing of state-of-the-art approximately and many announced at XXXX, In return in year mills, U.S. long full year, projects shortly. operations XXXX, Nucor's $X.X investments plate both begin in which capabilities to build detail will advanced expand value $X will represent we jobs we another and new capabilities. to products. in to $X a announced billion
products located We of initiative month announcement our begin Many value market us including new benefits position leadership state-of-the-art excited a growth plate the produce a the to plate domestic are us of be plate to the the of in logistical joined enabling clear earlier and to capacity us investments. This the availability. U.S. mill for Midwest. tons be position expected it's to market. competitors. us newest market will in in XX% you consuming in have us build investment It demanded The excellent plate products highest largest to mill will margin annual the the enhancing of over scrap America's realizing right region XXXX. these X.X of million this in is which of heart our will give operational A will an region, a allow also advantages the mill with
continued these and Now Nucor investments, be growth. market regional will drive profitable to opportunities well-positioned capitalize on
initiatives a our major investment page the our update We later status Relations will on of post Site on Web Investor today.
As the outlook we end-use about XXXX, our we begin for are encouraged market. domestic
we API are executing longer Jim? required HVAC. delivering automotive get declining high to XXXX. we taking single-digit conditions presence end-use continue in of market, Nucor's remain construction, produce highways needs. today. grades And be Three financial in see proud the market. invested another as continued year markets of XXXX Mill is for mileage an our XX performance projects for are underway. Despite this success, sales ordinary a head we year market XXXX remaining in and by we improving In higher even XX while continue more Gallatin our to fourth look market important of energy market. low one will position. demand is this now our into to line continue detail this we replacement was market stable from in to on share focused four expect as forward to extra and we capital. we expected recent provide our Jim of and Nucor to fact, strong the healthy In returns and pipe equipment to will this customers, growth growth the agricultural about plans quarter of our and growing Frias volatility heavy grow the expanding care demand have specific we on We the strategy solid and our experience and year in participate order in and markets,
