NUE Stock Recent News

We are ten weeks into the new tariff regime with the suspension of reciprocal tariffs due to expire in a month. These tariff changes are having wide impacts across the economy and the only new trade deal so far that has happened has been with the United Kingdom. Tariffs on steel and aluminum just got boosted to 50% and major retailers like Walmart and Amazon are pushing on suppliers to eat most of the new tariff costs.

Steel stocks are back in the spotlight, and it's not just the furnaces heating up. Since President Donald Trump's late-May announcement of 50% tariffs on imported steel, the sector has re-rated sharply, with JPMorgan highlighting Nucor Corp NUE as the top pick with a potential 67% upside.

Not every investor wants to invest in a cyclical sector. But it can be an important addition to a well-diversified portfolio.

Steel tariffs are back with a bang, and investors are already positioning for the winners. As the U.S. slaps a prohibitive 50% tariff on imported steel and aluminum, Cleveland-Cliffs Inc CLF, Nucor Corp NUE and Steel Dynamics Inc STLD are emerging as the early champions of this protectionist pivot.

Nucor (NUE -0.29%) and Steel Dynamics (STLD -1.37%) have a lot of similarities, which makes sense, since Nucor alumni founded Steel Dynamics.

Trump's tariff hike to 50% on steel imports could ignite gains for NUE, STLD and CLF as demand shifts to U.S. producers.

The president ratcheted up the rate on foreign metals to 50 percent, saying the former levies weren't high enough to help the U.S. industry.

In the most recent trading session, Nucor (NUE) closed at $122.32, indicating a +1.59% shift from the previous trading day.

Live Updates Live Coverage Has Ended SPY Turns Positive 3:50 pm by Gerelyn Terzo The SPY ETF has reversed earlier declines and is now headed for a gain of 0.45% on the day. Meanwhile, JPMorgan has expanded its list of top stocks, coinciding with the final month of trading for H1 2025. The analyst firm has reportedly turned more bullish on Take-Two Interactive (Nasdaq: TTWO) and Netflix (Nasdaq: NFLX), joining a cohort that also includes McDonald’s (NYSE: MCD) and Boeing (NYSE: BA). Market Movers 1:01 pm by Gerelyn Terzo Steel Dynamics (Nasdaq: STLD) is out front with a 9.5% gain. Fellow steelmaker Nucor (NYSE: NUE) is rising close to 9% on the steel tariff development. Newmont (NYSE: NEM) is tacking on 6% as the gold price soars and investors run for shelter. GM (NYSE: GM) and Ford (NYSE: F) are lower by 4% and 3%, respectively, as steel import tariffs come into focus. The SPY ETF is currently higher by 0.11%. Factory Sector Slowdown 11:07 am by Gerelyn Terzo U.S. manufacturing a

'Mad Money' host Jim Cramer talks about President Trump's move to increase tariffs on steel imports to 50%.