Nucor, a steel maker and distributor in the US, is the third largest steel supplier in the world, supplying steel to about a third of the world’s global manufacturing sector.
The company had its biggest quarterly loss in three years, after losing about $5.3 billion.
It is one of the most valuable steel producers in the United States.
Nucor’s earnings fell 14.9% on a non-GAAP basis to $1.16 per share, and were down 9% from the year before.
Its total loss in the quarter was $4.3bn, down from $5bn in the same quarter last year.
Its stock fell 12% on the NYSE to $9.97.
The steelmaker had the biggest quarterly profit in its 70-year history.
It also saw a net profit of $567m for the year, and $539m for 2014.
The loss in earnings was driven by the fact that Nuco is looking to sell off its remaining assets, including a steel fabrication plant in Indiana and a steel distribution hub in the Midwest.
Nucleor is a subsidiary of the Italian giant Nucostro, which has a market value of $9bn.
Nucco is a member of the steel industry’s biggest group, the European Steel Group.
Its US subsidiary, American Steel, is a joint venture of the US Steel and General Motors companies.NUCOR has been working to raise funds for the company’s operations, which were also affected by the bankruptcy.
In December, it bought an 11.5% stake in a steel mill in Ohio and an additional 9.5%.
It also recently completed a deal with the Chinese state-owned Xinjiang province, which is the biggest producer of steel in the region, to build a steel plant in the western city of Tashkent.