NUE Stock Recent News

President Donald Trump's tariff policies have thrown the stock and bond markets into a frenzy this spring. Businesses and investors alike are clamoring to find the best way to position themselves in the new global trade environment.

United States Steel's (X 2.19%) place in history is secure, given how important the company was to the creation of the steel industry. But US Steel is no longer the industry-leading company it once was.

It is believed that an industry downturn could be an ideal time to load up on stocks.

United States Steel (X -0.41%) has a storied history, but it is a troubled company today. The problem is multifaceted, but a key issue is the way in which US Steel makes steel.

Steel company Nucor said it experienced a cybersecurity incident, prompting it to temporarily shut down some of its production operations as a precaution.

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

Steelmaker Nucor said on Wednesday it had halted certain production at various locations after identifying a cyber security incident that involved unauthorized third-party access to certain information technology systems it used.

The U.S. and China agreed to reduce tariffs on each other's goods for 90 days, boosting global equity markets and easing trade tensions. U.S. tariffs on Chinese imports will drop from 145% to 30%, while China will cut tariffs on U.S. goods from 125% to 10%. The tariff reductions are expected to lower input costs, alleviate supply chain pressures, and enhance cross-border commerce in key industries.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Nucor is recommended with a BUY rating and a price target of $147.75/share, driven by potential growth resulting from US tariff policies and domestic manufacturing improving sales volumes. Key projects include new mills in North Carolina and Arizona, and greenfield projects in Alabama and Indiana, expected to boost production by 2025-2026. The Brandenburg plate facility may become a niche strength for Nucor after being certified by the American Bureau of Shipping, particularly if US shipbuilding picks up.