Nucor Corp is a leading producer of steel and steel products in the United States, specializing in a diverse range of items including steel beams, rebar, and sheet steel
The company operates a network of steel mills and scrap recycling facilities, leveraging innovative technologies to enhance production efficiency and sustainability in steel manufacturing. Nucor is committed to environmental responsibility, utilizing electric arc furnaces that significantly reduce carbon emissions compared to traditional steelmaking methods. With a strong emphasis on quality, customer service, and operational excellence, Nucor plays a pivotal role in the infrastructure and construction industries, serving a wide variety of sectors from automotive to energy.
After the U.S. government blocked a $14 billion bid by Japan-based Nippon Steel, media reports suggested that Cleveland-Cliffs Inc. and Nucor Corp. could be interested in a joint bid to acquire U.S. Steel.
Despite a year-over-year profit drop, Nucor’s earnings exceeded Wall Street forecasts, bolstered by lower costs and CEO’s optimism on steel demand recovery.
President Trump denied rumors of paring back his levy of 10% to 25% tariffs on all exports and 60% for China, but there 2 stocks will gain with or without.
