NUE Stock Recent News

Tariffs come and tariffs go. And creative businesses often find ways around tariffs.

CHARLOTTE, N.C. , Feb. 19, 2025 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that Gregory J.

CHARLOTTE, N.C., Feb. 18, 2025 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.55 per share on Nucor's common stock.

While NUE gains on its actions to grow through acquisitions and capacity expansion, weak steel prices weigh on its prospects.

Seeing as steel production is likely to increase in the U.S., it may be a worthy topic of which stock is the better investment at the moment between United States Steel (X) and Nucor (NUE).

I am upgrading NUE shares to a BUY rating with a price target of $152/share, driven by supportive tariffs and strong market outlooks across key industries. Nucor may not be significantly impacted by tariffs as most of its steel exports are high-value-added products as opposed to commoditized steel. Nucor's long-term growth may be supported by multiple megatrends, including nearshoring, data center construction, and power transmission.

President Trump put a 30-day pause on levying 25% tariffs on Canada and Mexico but proceeded to levy an additional 10% tariff on Chinese imports. Trump has also acknowledged that he would be levying tariffs on European imports in time.

President Trump's recent tariff announcement on steel and aluminum imports has sparked a stock market rally among domestic metal producers, including Cleveland-Cliffs NYSE: CLF, Nucor Corporation NYSE: NUE and Alcoa Corporation NYSE: AA. Investor optimism regarding reduced foreign competition has fueled these gains.

Leon Topalian, Nucor CEO, joins 'Closing Bell Overtime' to talk the impact of steel tariffs

While tariff chatter dominates headlines, JPMorgan analyst Bill Peterson sees bigger implications for steel stocks beyond the political drama.