Nucor & The Nuclear Company Team Up to Boost U.S. Supply Chain

Group 1: Collaboration and Industry Focus - Nucor Corporation has entered into a collaboration with The Nuclear Company to revitalize the domestic nuclear supply chain and enhance U.S. manufacturing capacity [1][9] - The initiative aims to promote steel materials and manufacturing that meet the stringent American Society of Mechanical Engineers' NQA-1 certification standard [3] - This collaboration follows executive orders aimed at expanding U.S. nuclear capacity, targeting 400 GW of nuclear reactors by 2050, including 10 large-scale reactors by 2030 [3] Group 2: Industry Challenges - The U.S. nuclear sector supply chain has been weakened as China and Russia have aggressively expanded their reactors and exported technology [4] - The U.S. Department of Energy reported a lack of large forges to produce gigawatt-scale reactor vessels, and the number of American facilities certified to produce commercial nuclear-grade components has decreased by over 40% in the past three decades [4] Group 3: Earnings Guidance and Market Outlook - Nucor has provided third-quarter 2025 earnings guidance in the range of $2.05 to $2.15 per share, indicating a sequential decline but year-over-year growth [5] - Steel Dynamics expects third-quarter earnings to improve, forecasting a range of $2.60 to $2.64 per share, driven by strong shipments and declining scrap raw material costs [6] - Cleveland-Cliffs revised its full-year 2025 guidance, projecting capital expenditures of approximately $600 million and targeting steel unit cost reductions of about $50 per net ton compared to 2024 [7] - ArcelorMittal anticipates softer demand in the U.S. for flat steel consumption, projecting a decline of 2.0% to 0% in 2025, while demand outside China is forecasted to rise by 1.5-2.5% [8]