Nucor(NYSE) NUE

Nucor Corporation makes steel for bridges and cars. It helps construction companies get the metal they need. The company also recycles old scrap into new products.

Steel, Tubes, and Raw Iron

• Steel Mills: Produces sheet, bar, and structural steel; generated $6.48 billion in net sales to external customers in the second quarter of 2026.
• Steel Products: Supplies joists, decks, and rebar for construction; generated $3.1 billion in net sales to external customers in the second quarter of 2026.
• Raw Materials: Manages scrap metal and direct reduced iron (DRI); generated $811 million in net sales to external customers in the second quarter of 2026.

Building New Mills and Tech

• Started construction on a new sheet mill in West Virginia and a coating complex in Indiana.
• Invested in Helion, a fusion energy company, to develop new power sources.
• Expanded the Nucor Towers and Structures division by building two new manufacturing locations.
• Increased borrowing capacity to $2.25 billion through an amended credit facility in March 2025.

The Power of Recycling

Nucor operates as North America's largest recycler by using scrap steel as its primary raw material. The company processes these materials in electric arc furnaces to create a wide variety of steel goods.

Nucor by the Numbers

• Net sales rose 23% to $10.4 billion in the second quarter of 2026.
• Net earnings reached $1.16 billion in the second quarter of 2026, up from $603 million in the prior year period.
• Average steel selling price per ton increased 10% to $1,367 in the second quarter of 2026.
• Shipping volumes to external customers rose 12% to approximately 7.6 million tons in the second quarter of 2026.
• Cash and short-term investments totaled $2.69 billion as of July 4, 2026.

A Stronger Steel Foundation

Nucor has transformed from a steel manufacturer into a vertically integrated recycling and production powerhouse. Its ability to manage raw materials and diverse product lines supports its position in the metal industry.