Nucor and Steel Dynamics Guide Q3 Earnings Higher, Still Short of Wall Street
Higher steel prices, volumes, and metal margins lift the Q3 outlook. One-time Q2 items and weaker recycling keep results short of consensus.
/ 5 items
#NUE↓
Trump Escalates Trade War: 50% Tariffs on Canadian Cars, Trucks and Parts
Trump announces 50% tariffs on Canadian cars, trucks, parts & steel from Jan 1, 2027, after trade talks with Canada collapse. Markets react.
U.S. Steel Shares Fall as Reports Signal Halving of Canada Tariffs
Shares of Cleveland-Cliffs, Nucor and Steel Dynamics fell after a Bloomberg report signaled a deal to cut Canadian steel and aluminum tariffs from 50% to 25%.
Nucor and Steel Dynamics Warn of Weaker Q4 Earnings
Nucor and Steel Dynamics expect fourth-quarter earnings to miss Wall Street estimates due to seasonal demand, lower steel prices, and maintenance outages.
Nucor Slashes Profit Expectations: What You Need to Know
Nucor cut its quarterly profit forecast to $2.05-$2.15/share, down from $2.60. All segments face lower volumes, margins, or higher costs.