U.S. steel giant Nucor (NUE.N) outperformed Wall Street expectations in Q1 2025, reporting **adjusted earnings of 0.77/share∗∗(vs.0.77/share∗∗(vs.0.64 estimates) and **revenue of 7.83B∗∗(vs.7.83B∗∗(vs.7.23B forecast). The strong results were driven by higher steel prices and increased demand following President Trump’s tariffs on imported steel and aluminum.
Key Highlights:
- Steel Mills Segment Shines: Shipments rose 10% to 6.4M tons, fueled by stronger domestic demand for hot-rolled coil (HRC) and structural steel.
- Tariff Tailwinds: Rising spot prices offset weaker performance in Nucor’s raw materials and downstream products divisions.
- Bullish Q2 Outlook: The company expects earnings to grow further, with the biggest gains in its sheet and plate mills due to higher selling prices.
Nucor Beats Q1 Estimates as Steel Tariffs Boost Prices, Forecasts Stronger Q2