NUE - Nucor Corp

NYSE · Basic Materials · Steel

$266.35

Market Closed

End of day · Jun 12, 2026, 12:00 AM

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About

Nucor Corporation engages in manufacture and sale of steel and steel products. The company's Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products. It also engages in the steel trading and rebar distribution businesses. This segment sells its products to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico. Its Steel Products segment offers hollow structural section steel tubing products, electrical conduits, steel racking, steel joists and joist girders, steel decks, fabricated concrete reinforcing steel products, cold finished steel products, steel fasteners, metal building systems, insulated metal panels, steel grating and expanded metal products, and wire and wire mesh products primarily for use in nonresidential construction applications. This segment also engages in the piling distribution business. The company's Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. This segment sells its ferrous scrap to electric arc furnace steel mills and foundries for manufacturing process; and nonferrous scrap metal to aluminum can producers, secondary aluminum smelters, steel mills and other processors, and consumers of various nonferrous metals. It serves agriculture, automotive, construction, energy and transmission, oil and gas, heavy equipment, infrastructure, and transportation industries through its in-house sales force; and internal distribution and trading companies. The company was founded in 1905 and is headquartered in Charlotte, North Carolina.

https://www.nucor.com

NUE - Nucor Corp

Basic Materials

NUE has been an unreal mover over the last year. Just look at the chart: it went from around 120 last summer to crossing 250 now. That's basically doubled in less than twelve months, with most of that rocket fuel coming in the past few months. Not every day you see a boring sounding steel name go vertical like this. So yeah, it's tempting to chase, but I'm still bullish here. Steel prices keep surprising to the upside, and NUE keeps flexing that cost advantage over the competition. Their vertical integration isn't just a buzzword, it's giving them real margin strength even as other players slap together excuses about "input costs." Plus, if those construction incentives and infrastructure spend rumors turn into action this summer, NUE is set up to be a big winner. The capacity expansions actually look smart in hindsight, not reckless. I like targeting 295.00, so that's about 40 bucks upside from here. Not calling this risk free. If demand takes a sudden dive or steel prices correct, NUE could just as easily chill out or even give up some of these fast gains. It's not trading at fire sale multiples anymore after this run. But if earnings next quarter show management actually guiding higher, I think this rips again. This one's going to be all about how the next couple months play out on the macro side.

Entry

$254.39

Above

$295.00

Aug 2, 2026

Karma

125 to 17562

Bullish

Open

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