NUE
Nucor Corporation
October 5, 2026 · market open
- Rarity
- 1.36
- Peak move
- +6.13%
- Float cap
- $54.5B
Nucor Corporation manufactures steel and steel products and produces and procures ferrous and non-ferrous materials, primarily using recycled scrap steel. It operates steel mills, steel products, and raw materials segments, supplying sheet, plate, structural, and bar steel, along with joists, deck, and metal buildings. Its customers are mainly in North America, including steel service centers, fabricators, manufacturers, and end markets such as construction, automotive, appliance, energy, and infrastructure.
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What we found
11 events · 0 from SEC or newswire · 0 timed with the movepricing_changeNucor set its weekly consumer spot price for hot-rolled coil at $1,230 per short ton, up $10/st from the prior week, and California Steel Industries' West Coast CSP at $1,290/st, also up $10/st.
analyst_ratingKeyBanc lowered its price target on Nucor to $286 from $288 while keeping an Overweight rating, citing rising sheet pricing, tight domestic supply and market share gains from imports.
pricing_changeNucor Tubular Products advised customers on Sept. 29 it was raising prices by $100 per short ton, effective immediately, on heavy structural sections (HSS), mechanical and piling products, citing rising substrate costs.
- Key event
pricing_changeNucor told customers it plans to raise plate prices by $60 per short ton as it opens its November order book, with orders required by Oct. 23 to be considered.
pricing_changeNucor-Yamato Steel, a Nucor division and Yamato Kogyo joint venture, and Gerdau Long Steel North America raised prices by $50 per short ton on structural and shaped steel beams and piles for orders placed on or after Oct. 1.
commodity_eventWorld Steel Association data showed August global crude steel output at 144.2 million tonnes, down 1.2% year-on-year and 3.3% month-on-month, with China at 51.7% of global production and Ukraine halting steel output entirely in September.
- Key event
operational_disruptionCleveland-Cliffs said it will idle cold-rolled and coating lines at its Stelco Hamilton, Canada plant indefinitely from Oct. 9, affecting about 500 workers, amid US-Canada steel and aluminum tariffs of up to 50%.
analyst_ratingBNP Paribas maintained its Buy recommendation on Nucor shares.
- Key event
guidance_changeNucor issued quarterly guidance pointing to improved profitability as stronger mill selling prices offset higher raw material and product costs, with the steel mills and steel products segments improving while raw materials lagged.
regulatory_actionThe US DOJ and Louisiana DEQ lodged a proposed Clean Air Act consent decree against Nucor Steel Louisiana, LLC over permit violations at its Convent, LA direct reduced iron facility, with Nucor agreeing to a $1.6 million penalty and injunctive relief.
commodity_eventUS ferrous scrap prices were poised to rise in October on tighter supply and firm export demand, with shredded scrap up $1/t week-on-week to $386/t FOB East Coast and Midwest dealers targeting $20/t increases for obsolete scrap.