New capacity is coming online in the domestic steel market.Nucor (NUE 0.88%) stock has recently surged, helping shares of North America's largest steelmaker far outpace the S&P 500's (^GSPC 1.07%) return thus far in 2025. Nucor stock has jumped 15% since it reported strong third-quarter results, bringing its year-to-date return to 42.8% (versus the S&P 500's 17% gain).Steel is a cyclical sector, and several catalysts could propel Nucor stock even higher through the cycle. However, there are also factors tha ...

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Industry Overview - The steel industry faced significant price volatility and uneven demand in 2025, influenced by factors such as a slowdown in China, U.S. tariff actions, and fluctuating input costs [1][3] - Steel prices began 2025 weakly, with a peak of nearly $950 per short ton due to a 25% tariff on steel imports, but later fell below $800 per short ton due to weak demand and high output [3] - A recovery in steel prices was observed in Q4 2025, with prices surpassing $900 per short ton, driven by increased demand in construction and automotive sectors [4] Demand Dynamics - China's steel demand weakened due to an economic slowdown, particularly in the real estate sector, which accounts for approximately 40% of its steel consumption [5] - Global steel prices were pressured by oversupply and increased Chinese steel exports, alongside sluggish industrial activity in Europe due to economic challenges [6] - The automotive sector experienced a slowdown in production, impacting steel consumption, while non-residential construction demand remained strong, supported by government infrastructure projects [7][8] Company Performances - Certain steel companies, including Commercial Metals Company (CMC), ArcelorMittal S.A. (MT), Nucor Corporation (NUE), and Steel Dynamics, Inc. (STLD), achieved over 40% gains year-to-date amid the industry's challenges [2][9] - CMC is expanding through acquisitions and price increases, with a focus on growth in North America and a strong financial position [15][16] - ArcelorMittal is enhancing its steel-making capacity and focusing on high-value products, with a significant share price increase of 94.5% in 2025 [17][18] - Steel Dynamics is investing in capacity expansion and has seen strong order activity, with shares rising 50.1% year-to-date [19][21] - Nucor is leveraging strategic investments and acquisitions to boost production capacity, with a share price increase of 40.8% in 2025 [22][23]

The dividend stock's price has recently surged. But its longer-term performance may surprise you.The share price of industrial stalwart Nucor (NUE 0.06%) has soared 10.6% over the last month, easily outperforming the market's 2% gain. That doesn't include an additional 11.3% share price surge from late October, after the steelmaker reported strong Q3 results.But is that recent outperformance part of a long-term trend or just a short-term anomaly? Here's how Nucor shares have performed for longtime investors ...

Core Insights - Two stocks in the materials sector are identified as potentially overbought, which may concern momentum-focused investors [1] Company Summaries - **Nucor Corp (NYSE:NUE)**: - Recently promoted Steve Laxton to president and COO, highlighting his leadership and strategic vision [7] - Stock performance: gained approximately 12% over the past month, with a 52-week high of $166.26 [7] - RSI Value: 70.1, indicating it is nearing overbought territory [7] - Recent price action: shares fell 1.3% to close at $162.54 [7] - Edge Stock Ratings: Momentum score of 91.92 and Value score of 93.51 [7] - **Ashland Inc (NYSE:ASH)**: - Reported disappointing quarterly results, but maintained strong margins and delivered revenue and EBITDA in line with prior guidance [7] - Stock performance: gained around 15% over the past month, with a 52-week high of $78.12 [7] - RSI Value: 71.4, indicating it is overbought [7] - Recent price action: shares rose 0.1% to close at $58.29 [7]

Valued at $32.4 billion by market cap, Nucor Corporation (NUE) is the largest steel producer and recycler in the U.S., based in Charlotte, North Carolina. It operates across steel mills, steel products, and raw materials, producing everything from sheet and structural steel to finished products like joists, girders, and tubing. Nucor’s scrap-based, electric-arc furnace model makes it more flexible and environmentally conscious than traditional steelmakers. Companies worth $10 billion or more are generally ...

Core Insights - Nucor Corporation is recognized as one of the 15 High Quality Dividend Stocks for Long-Term Investors [1] - BofA has raised its price target for Nucor to $180 from $165, maintaining a Buy rating, despite challenges in the macro environment due to slowing commodity demand in China [2] - Nucor's third-quarter performance exceeded expectations, with net income reaching $603 million, approximately 140% higher than the same period last year [3] Company Performance - Nucor's production increased due to recent growth investments, with higher shipments from both its steel mills and steel products divisions [3] - The company has a positive long-term growth outlook, supported by its data systems business that supplies materials for AI server cabinets and ongoing growth projects [4] Industry Position - Nucor is the largest and most diversified steel producer in North America, utilizing electric arc furnaces and a high proportion of recycled materials in its manufacturing processes [5]

Core Viewpoint - Argus Research has raised the target price for Nucor Corporation from $160 to $169 while maintaining a "Buy" rating [1] Company Summary - Nucor Corporation's target price adjustment reflects a positive outlook on the company's performance and market position [1]

Core Insights - Nucor's Q3 2025 earnings per share reached $2.63, significantly up from $1.05 in the same quarter last year, surpassing the Zacks Consensus Estimate of $2.15 [2] - The company reported net sales of approximately $8.52 billion, reflecting a year-over-year increase of about 14.5%, also exceeding the Zacks Consensus Estimate of $8.16 billion [2] Operating Figures - Total sales tons to outside customers for steel mills in Q3 were 4,976,000 tons, an 8% increase year-over-year, although it fell short of the estimate of 5,095,000 tons [3] - Overall operating rates at Nucor's steel mills were 85% in Q3 2025, unchanged sequentially and up from 75% in Q3 2024 [3] Segment Highlights - The Steel Mills segment reported earnings of $793 million, a decrease from the previous quarter due to lower shipment volumes and margin compression [4] - The Steel Products segment earned $319 million, lower sequentially due to higher costs and stable realized prices [4] - The Raw Materials segment delivered $43 million, down from the prior quarter, impacted by lower pricing for direct reduced iron (DRI) and scrap processing operations [4] Financial Position - Cash and cash equivalents were approximately $2.22 billion at the end of the quarter, down around 47.9% year-over-year [5] - Long-term debt stood at about $6.69 billion, an increase of 17.6% [5] - Nucor repurchased roughly 0.7 million shares of its common stock during the third quarter [5] Outlook - The company expects fourth-quarter 2025 earnings to decline from Q3, primarily due to reduced overall volumes and lower average selling prices at sheet mills [6] - The Steel Products segment is projected to face lower earnings mainly due to decreased volumes, while the Raw Materials segment is likely to be adversely affected by weaker realized pricing and planned maintenance outages at DRI facilities [6] Estimate Trends - There has been a downward trend in estimates for Nucor over the past month, with the magnitude of these revisions being net zero [10] - Nucor currently holds a Zacks Rank 3 (Hold), indicating an expectation of in-line return from the stock in the coming months [10] Industry Performance - Nucor is part of the Zacks Steel - Producers industry, where Commercial Metals (CMC) has gained 3.5% over the past month [11] - Commercial Metals reported revenues of $2.11 billion for the quarter ended August 2025, reflecting a year-over-year change of +5.9% [11] - For the current quarter, Commercial Metals is expected to post earnings of $1.41 per share, indicating a change of +80.8% from the year-ago quarter [12]

Core Insights - Nucor Corporation (NYSE:NUE) has been upgraded by Wells Fargo from Equal Weight to Overweight, with a new price target of $167, up from $147, due to higher US steel price forecasts for 2026, which are expected to increase 2026 EBITDA by 12% to $5.1 billion [2] Group 1: Financial Performance and Projections - In Q3 2025, Nucor raised its CapEx guidance to $3.3 billion from $3 billion due to accelerated project spending [3] - The company is projected to benefit from higher steel prices, which will positively impact its EBITDA in 2026 [2] Group 2: Product Focus and Market Position - Nucor has shifted focus towards specialized steel products, such as racks for data centers and doors for large structures, which are expected to have higher margins and more resilient demand amid the AI investment boom [4] - The company supplies over 95% of all steel products used in data centers, indicating a strong market position in this growing sector [3]