A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024.Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan's Nippon Steel was just blocked by the White House earlier this month, sources tell CNBC's David Faber.Cleveland-Cliffs would purchase all of U.S. Steel for all cash and then sell off the Big River Steel subsidiary to Nucor, the sources said. The offer would be in ...

Nucor Corporation (NUE) has stated that its Towers & Structures unit will construct its third cutting-edge utility structure production facility in Brigham City, UT. The company is currently finishing the construction of two utility structure production sites in Decatur, AL and Crawfordsville, IN. The new $200 million Utah plant will be built on Nucor's existing Brigham City location and is projected to employ 200 full-time workers.Nucor has a strong presence in the West, and establishing this new plant in ...

Company Expansion - Nucor Corporation announced the construction of a new $200 million utility structures production facility in Brigham City, Utah, expected to create 200 full-time jobs [1] - The new facility is part of Nucor's Towers & Structures business unit and will be located on the company's existing Brigham City campus [1] - Nucor is currently completing two other utility structures production facilities in Decatur, Alabama, and Crawfordsville, Indiana [1] Market Demand and Strategic Positioning - The new Utah facility positions Nucor to meet growing demand for utility infrastructure in the western U.S., driven by distributed energy projects, data centers, and population growth [2] - An expansive electric transmission buildout is planned in the western U.S., with local utilities forecasting strong load growth and increasing capital spending [2] - The Utah facility will benefit from a freight advantage compared to competitors outside the region and will receive raw materials via rail from Nucor steel mills [2] Business Unit and Operations - Nucor formed its Towers & Structures business unit in 2022 through the acquisition of Summit Utility Structures LLC, a producer of steel poles and structures for utility infrastructure [4] - The new facilities in Alabama, Indiana, and Utah will be highly automated, utilizing efficient straight-line production and advanced hot-dip galvanizing operations [4] - Production at the Alabama and Indiana facilities is expected to begin in the first and second half of 2025, respectively [4] Company Overview - Nucor and its affiliates are manufacturers of steel and steel products, with operations in the U.S., Canada, and Mexico [5] - The company produces a wide range of steel products, including carbon and alloy steel, hollow structural section tubing, electrical conduit, and utility structures [5] - Nucor is North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron/direct reduced iron [5]

Nu E Power Corp. Announces First Tranche Closing of Non-Brokered Private Placement and Shares for Debt and Services ClosingJanuary 08, 2025 9:00 AM EST | Source: Nu E Corp.Calgary, Alberta--(Newsfile Corp. - January 8, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company" or "Nu E") announces the following corporate updates:Private PlacementThe Company is pleased to announce it has closed the first tranche of its non-brokered private placement offering of 1,766,666 units in the ...

It is hard to find good dividend stocks that operate in cyclical industries. That doesn't mean it can't be done, however. ExxonMobil is a great example from the highly volatile energy sector. Dividend King Nucor (NUE 0.69%) is an even better example, hailing from the steel industry.If you are looking for a reliable dividend stock today, Dividend King Nucor's roughly 40% pullback from its highs is a potential opportunity.What does Nucor do?At its core, Nucor is a steel maker. That said, it has always used el ...

The most recent trading session ended with Nucor (NUE) standing at $115.78, reflecting a -1.85% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.09%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.1%.The steel company's shares have seen a decrease of 20.39% over the last month, not keeping up with the Basic Materials sector's loss of 7.73% and the S&P 500's loss of 0.29%.The investment community will be ...

Nucor Corporation (NUE) expects fourth-quarter 2024 earnings to be between 55 and 65 cents per share. Nucor reported earnings of $1.05 per share in the prior quarter and $3.16 per share for fourth-quarter 2023.Losses and asset impairments for the third quarter of 2024 include non-cash charges of $83 million, or 27 cents per share and $40 million, or 17 cents per share, for the impairment of certain non-current assets in the raw materials and steel products segments, respectively.The primary reason for the p ...

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its fourth quarter ending December 31, 2024. Nucor expects fourth quarter earnings to be in the range of $0.55 to $0.65 per diluted share. Nucor reported net earnings of $1.05 per diluted share in the third quarter of 2024 and $3.16 per diluted share in the fourth quarter of 2023. Reflected in the third quarter of 2024 losses and impairments of assets are non-cash charges of $83.0 million, or $0.27 per ...

Shares of Nucor Corporation NUE are falling on Friday. This follows Thursday’s drop of more than 5%.There is a good chance the selloff ends around current levels. There is also a chance that the stock reverses and rallies, so Benzinga’s team of technical analysts has made it our “Stock of the Day.”The move lower was the result of a downgrade by UBS from Buy to Neutral.  UBS also downgraded other steel companies as well. It cut Commercial Metals Company CMC from Buy to Sell and Steel Dynamics, Inc. STLD from ...

Dividend and Share Repurchase - Nucor Corporation increased its regular quarterly cash dividend to 55 cents per share from 54 cents, marking its 207th consecutive quarterly cash dividend [1] - The company has increased its regular or base dividend for 52 consecutive years since 1973 [1] - Nucor repurchased approximately 2.5 million shares of its common stock at an average price of $156.07 per share during the third quarter [2] Financial Performance and Outlook - Nucor ended the third quarter with cash and cash equivalents of $4,262.8 million [2] - The company anticipates consolidated net earnings for the fourth quarter of 2024 to be lower than the third quarter [2] - The expected decline in earnings is attributed to reduced profitability in the steel mills segment due to lower average selling prices and volumes [3] - Earnings in the steel products division are also expected to fall in the fourth quarter due to similar factors [3] - The raw materials segment's earnings are predicted to improve sequentially, excluding the impairment charge taken during the third quarter of 2024 [3] Stock Performance and Industry Comparison - Nucor's shares have lost 15.5% in value over the past year, compared to the industry's 13.8% decline [2] Industry Rankings and Peer Performance - Nucor currently carries a Zacks Rank 5 (Strong Sell) [4] - Carpenter Technology Corporation (CRS) carries a Zacks Rank 1 (Strong Buy) and has seen its shares soar 177.8% in the past year [5] - DuPont de Nemours, Inc. (DD) carries a Zacks Rank 2 (Buy) and has rallied roughly 17.1% in the past year [6] - CF Industries Inc. (CF) carries a Zacks Rank 1 and has rallied around 16.8% in the past year [8]