Welcome to our dedicated page for Nucor news (Ticker: NUE), a resource for investors and traders seeking the latest updates and insights on Nucor stock.
Nucor Corporation (NUE) maintains its position as North America's largest steel producer through integrated recycling processes and diversified manufacturing operations. This page provides investors and industry professionals with centralized access to official press releases, financial updates, and strategic developments.
Track critical announcements including quarterly earnings reports, sustainability initiatives, and operational expansions. Our curated collection ensures timely updates on steel production innovations, raw material sourcing strategies, and market leadership in recycled steel applications.
Discover updates across Nucor's core segments: steel mill operations, fabricated product innovations, and raw material supply chain developments. Additional coverage includes strategic partnerships in data center infrastructure and commercial building solutions that leverage the company's material expertise.
Bookmark this page for direct access to Nucor's verified corporate communications and analysis of manufacturing trends impacting the steel industry. Regular updates provide insights into operational efficiencies and market positioning within the industrial materials sector.
Nucor invites stakeholders to its third quarter earnings conference call on October 21, 2021, at 2 p.m. Eastern Time. The call, featuring President and CEO Leon Topalian, will review financial results for the period ending October 2, 2021, and include a Q&A session. Participants can access the live webcast through Nucor's website. An archive of the call will be available afterward on the same platform. Nucor is recognized as North America's largest recycler, focusing on steel production and related products.
Nucor Corporation (NYSE: NUE) announced the acquisition of a coil processing facility in Shelbyville, Indiana, expanding its Nucor Fastener division. This facility features an automated clean and coat line, STC furnaces, and wire drawing capabilities. Approximately 33 jobs will be created initially, with potential to double. The addition of bolt-making equipment aims to enhance offerings for automotive and industrial markets. Nucor continues to prioritize sustainability, with its fasteners made from 97% recycled content, significantly reducing greenhouse gas emissions compared to traditional methods.
Nucor Corporation (NYSE: NUE) announced two acquisitions through The David J. Joseph Company, enhancing its recycling capacity by 10%. Advantage Metals Recycling acquired Grossman Iron and Steel in St. Louis, Missouri, expanding its facilities to twelve. Trademark Metals Recycling is set to purchase Garden Street Iron & Metal in Fort Myers, Florida, increasing its facilities to twenty-six. These strategic moves aim to bolster Nucor's regional recycling platforms, aligning with its growth strategy to support rising steelmaking capacity along key river systems.
Nucor Corporation (NYSE: NUE) announced plans to build a $100 million melt shop at an existing bar mill in the Western United States, aimed at producing 600,000 tons of steel annually. This project will create approximately 140 new jobs and is expected to commence operations in 2024. The initiative is intended to bolster Nucor's market-leading position in steel bar production and address anticipated customer demand in the region. Nucor currently operates 15 bar mills across the U.S., with an annual production capacity of about 9.5 million tons.
Nucor Corporation (NYSE: NUE) has announced plans to construct a new three-million-ton sheet mill, aiming to serve customers in the Midwest and Northeast. The mill is estimated to cost $2.7B and will feature advanced capabilities, including an automotive galvanizing line. This expansion aligns with Nucor's strategy for profitable growth and aims to enhance service quality while maintaining a lower carbon footprint compared to competitors. Construction is expected to take two years following necessary approvals.
Nucor Corporation (NYSE: NUE) announced a quarterly cash dividend of $0.405 per share, payable on November 10, 2021. This marks Nucor's 194th consecutive quarterly cash dividend. The record date for stockholders is set for September 30, 2021. Nucor, headquartered in Charlotte, N.C., is a leading manufacturer of steel and steel products across North America, contributing significantly to the recycling industry.
Nucor Corporation (NYSE: NUE) anticipates record earnings for Q3 2021, estimating a range of $7.30 to $7.40 per diluted share, surpassing the previous record of $5.04 in Q2 2021. All segments are expected to see strong profitability, particularly the steel mills and products segments driven by higher selling prices. Nucor has repurchased 6.7 million shares at an average price of $105.58 this quarter, contributing to nearly $2.00 billion returned to shareholders through repurchases and dividends year-to-date.
Nucor Corporation (NYSE: NUE) has completed the acquisition of Hannibal Industries, a leading provider of steel racking solutions, for $370 million. This transaction involved purchasing all outstanding shares from the Employee Stock Ownership Plan. The acquisition aims to enhance Nucor's ability to serve the growing warehouse and distribution market by adding steel racking to its portfolio. Nucor's President emphasized the strategic importance of this acquisition in meeting customer demands.
Nucor Corporation (NYSE: NUE) has appointed Norma B. Clayton as a director, effective September 1, 2021. Clayton, 63, brings a wealth of experience from her previous role as Vice President for Learning, Training, and Development at The Boeing Company, where she contributed significantly to business management and global supply chains. Her leadership experience spans various roles at Boeing, General Electric, General Motors, Lockheed Martin, and RCA. Nucor's executives are optimistic about her contributions to the board.
