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| Nucor |
Record Shipment Volumes Highlight Strong Market Position
American steelmaker Nucor expands its total steel product shipments to 14.15 million short tonnes in the first half of 2026. This performance represents a solid year-on-year increase of 9.3 percent. In addition, second-quarter shipments reach 7.1 million tonnes with an average external selling price of $1,367 per short tonne. Consequently, the company achieves its second consecutive quarterly record for shipment volumes in the steel mills segment.
Strategic Investments and Rising Spot Prices Drive Growth
Favorable federal trade policy and key sector investments enable Nucor to reach an EBITDA of $2.02 billion at the end of the second quarter. Moreover, the company raises its spot price for hot-rolled coil by $10 to $1,145 per short tonne. At the same time, pricing for the California Steel Industries joint venture rises to $1,200 per short tonne. Therefore, Nucor forecasts continued revenue growth in the third quarter supported by higher prices and strong sales volumes.
ScrapInsight Commentary
Nucor achieves record shipment volumes and higher average selling prices driven by favorable federal trade policies and robust domestic infrastructure investments.
Furthermore, consistent spot price hikes for hot-rolled coil reflect strong pricing power in the North American flat-rolled steel sector.
Therefore, the company remains well-positioned to deliver revenue growth across its steel mills and metal products segments in the third quarter.
