Robust demand driving Nucor shipments, earnings higher likely to extend into 2027: execs

Fastmarkets07-30

Key takeaways: Nucor raised its 2026 growth expectations as shipments, pricing and earnings all increased sharply in the second quarter, with management expecting stronger results in the second half ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobust demand driving Nucor shipments, earnings higher likely to extend into 2027: execs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-30 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/robust-demand-driving-nucor-shipments-earnings-higher-likely-to-extend-into-2027-execs/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key takeaways:\n\nNucor raised its 2026 growth expectations as shipments, pricing and earnings all increased sharply in the second quarter, with management expecting stronger results in the second half ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/robust-demand-driving-nucor-shipments-earnings-higher-likely-to-extend-into-2027-execs/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RGLO","symbol_name":"Global Equity Active ETF","start_time":0,"source_url":"https://www.fastmarkets.com/insights/robust-demand-driving-nucor-shipments-earnings-higher-likely-to-extend-into-2027-execs/","article_id":"2655803290","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/robust-demand-driving-nucor-shipments-earnings-higher-likely-to-extend-into-2027-execs/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655803290","pubTimestamp":1785384000,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"A surge in demand in the first half of 2026 is expected to continue through the second half of the year and into 2027, driving Nucor’s shipments and earnings steadily higher, Nucor senior executives said on Tuesday July 28 during the company’s earnings call.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RGLO":"Global Equity Active ETF","NUE":"纽柯钢铁","VGFPF":"Vanguard Funds PLC","FEBU":"AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF","VOTE":"TCW Transform 500 ETF","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","GXDW":"Global X Dorsey Wright Thematic ETF","JOYT":"JPMorgan Equity and Options Total Return ETF","PMDE":"PGIM S&P 500 Max Buffer ETF - December"},"translate_title":"强劲的需求推动纽柯出货量，高管：盈利可能会持续到 2027 年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGLO":1.5,"JOYT":1.5,"GXDW":1.5,"PMDE":1.5,"FEBU":1.5,"NUE":1.5,"VGFPF":1.5,"DECU":1.5,"VOTE":1.5},"content_text":"Key takeaways:\n\nNucor raised its 2026 growth expectations as shipments, pricing and earnings all increased sharply in the second quarter, with management expecting stronger results in the second half of the year.\nDemand is being driven by structural market factors, including low import volumes, infrastructure projects, energy investment, data center construction and manufacturing reshoring rather than short-term price spikes.\nManagement sees momentum extending into 2027, supported by record backlogs, improving service center demand, rising automotive shipments and a significantly larger addressable market for domestic steel producers.\n\nNucor sees strong demand momentum, raises shipment growth outlook\n“I couldn’t be more optimistic in the back half of this year. But, as we head into [next year], I think 2027 could be a very special year, not just for Nucor but this industry,” Leon Topalian, chair and chief executive officer, said.\n“We now expect shipment growth [for 2026] to finish closer to the higher end of our previously suggested 5 to 10% range,” Stephen Laxton, president and chief operating officer, said.\nSteel shipments, steel prices and earnings surge in second quarter\nTotal steel mill shipments rose to 7.10 million tons in the quarter ending July 4, 2026, a 9.7% increase over 6.474 million tons in the second quarter of 2026.\nA 25% increase in plate shipments, an 11% increase in bars and an 8% gain in sheet drove the overall surge.\nThe average sales price rose to $1,367 per ton, a 10.2% increase from $1,240 per ton in the prior-year second quarter.\nEarnings surged to $1.625 billion in the second quarter, jumping higher by 80.8% from $899 million in the prior-year period.\n“The second quarter was largely carried by steel mills improvement, with Nucor building off a record first quarter on the volume side,” Samuel McKinney, metals analyst at Keybanc Capital Markets, told Fastmarkets on Tuesday.\n“Steel mill spreads increased roughly $50 per ton, [and] total company’s overall average selling price increased $89 per ton quarter over quarter,” the analyst added.\n“We’d expect both spreads and pricing to improve moving into a third quarter in which Nucor is calling for even higher quarter-over-quarter earnings,” McKinney said.\nUS steel demand drives higher prices and stronger order books\nIn response to an analyst query on the potential for lower import prices to dent demand, Topalian replied, “The reality is that it’s not a pricing delta that is driving that — it’s the demand picture we’re seeing.”\n“The robust demand in almost every product group area that we have is either at or near record backlogs, record order-entry rates and is driving, again, healthy returns for our shareholders,” the CEO said.\n“This isn’t what we saw in ‘21 or ‘22 where you had a really rapid spike of HRC and kind of knew it wasn’t sustainable,” Topalian said.\nLower steel imports boost market share for domestic steel producers\nNoah Hanners, executive vice president, sheet products, provided additional commentary on factors driving customer steel demand.\n“Imports, while a little elevated in Q2 [the second quarter], remain very low,” Hanners said. “So if you go back to 2024, we saw sheet imports at 9 million tons. Today we look forward, we see probably 4.5 million tons [of sheet imports] this year.”\nThat translates into a gain of 4.5 million tons of demand “for domestic suppliers” that now are selling to customers that two years ago were buying imports, Hanners explained.\nIn addition, there is also another 2 million tons increase in overall steel demand in the US for 2026, compared with 2025, Hanners said. “So we have 6.5 million tons of addressable market for domestic suppliers — a strong market for us to participate in,” he added.\nInfrastructure projects and manufacturing reshoring increase US steel consumption\n“Border fence, energy, data centers — these things are all consuming millions of tons and they’re not projects that are one-off in 2026. We expect multi-year demand out of some of these.”\nIn addition, the ongoing reshoring of manufacturing is also increasing overall domestic US steel demand, according to Hanners.\n“The onshoring looks different than you may expect. It’s things like auto and consumer durables.”\nWhile overall consumption of these products may not be rising, Nucor is seeing its customers reshore production within existing manufacturing capacity in the US, Hanners explained.\nAutomotive demand and service center recovery support steel market growth\n“Our auto shipments are up 6% Q2 over Q1,” Hanners said.\nIn addition, Nucor is “finally seeing service center demand turn the corner [with] shipments up 10% in June year over year,” Hanners said. “And we expect that trend to continue with really moderate to low inventories throughout the supply chain.”\nHanners also credited Nucor’s weekly Consumer Spot Price (CSP) for Midwest hot-rolled coil for playing a moderating role in pricing trends.\n“It’s not just demand, but it’s how pricing has moved over the last 6 months to a year. And we believe our discipline and our approach around CSP is markedly changing volatility in this market,” Hanners said. “We’re seeing buying that is reflective of supply and demand, not speculation.”\nNucor expects strong US steel demand and limited imports into 2027\nNucor also believes that imports are remaining low in part “because customers are able to buy what they want when they need it,” Hanners said. “So we see a really strong demand picture [and] we feel good about 2026 going into 2027.”\nFastmarkets’ automotive suite brings together the vital commercial insights, data and analytics that you need to help you make accurate forecasts, manage inventories and price risk, benchmark costs against your peers’ costs and refine your strategic plans. Find out more here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2655803290","isCrawlerRequest":true}