Nucor (NYSE:NUE) Stock

Nucor

Nucor Corp manufactures steel and steel products. The company's reportable segments are steel mills, steel products, and raw materials. A majority of its revenue is derived from the steel mills segment, which is engaged in producing sheet steel (hot-rolled, cold-rolled, and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), and bar steel products. Nucor manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces (EAFs) along with continuous casting and automated rolling mills. The steel mills segment sells its products mainly to steel service centers, fabricators, and manufacturers located in the United States, Canada, and Mexico.

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The S&amp;P Steel Index is gaining in 2025, buoyed by a combination of tariff leverage, robust balance sheets, and strong returns on capital.
Year to date, the S&amp;P Steel Sub-Industry Index is up 8.40% as of June 12, as the US steel sector stabilizes. It has room to grow over the short term after President Trump's decision to double US steel tariff imports from 25% to 50% as of June 4, 2025, following a new executive order.
But tariffs aren&#8217;t the only reason steel stocks are rising.
The trade policy shift, announced in late May during a rally at a U.S. Steel factory near Pittsburgh, immediately sent steel stocks soaring, with Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) rising 26% in a single day following the announcement, while Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) and Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) saw gains of 10-11%. "The tariffs effectively raise the price floor for steel in the U.S. market by making imported steel significantly more expensive," said Tracy Shuchart, senior economist at NinjaTrader in New York City. "According to market data, benchmark steel prices have already increased from $725 per metric ton before the tariff announcement to $875 per metric ton currently."
It&#8217;s not only tariffs that are supporting steel industry gains.
"Steel's rally is a mix of short-term catalysts and long-term structural forces," said Dan Buckley, chief analyst at DayTrading.com. "US tariffs are boosting expectations for domestic producers, while sustained federal spending on infrastructure and reshoring is aiding durable demand."
"Add in supply chain restocking, auto sector recovery, and disciplined capital returns from top players like Nucor and Steel Dynamics, and the sector is showing a more stable profile," Buckley added.
The tariff portion of that equation may not have a long shelf life, so investors should proceed cautiously. Talks between the U.S. and Mexico are already underway to curb the 50% tariff figure.
"For example, the two countries are exploring a quota system that would allow a specific amount of Mexican steel to enter the U.S. duty-free or at lower rates, with only excess amounts subject to the full 50% levy," Shuchart noted. "This negotiation explains why some steel stocks like Nucor fell 6.1% on June 11, as investors reacted to the possibility of tariff exemptions. The European Union has also strongly opposed the increased tariffs, warning of potential countermeasures."
<h2 class="wp-block-heading">Benzinga Exclusive: Master Trader Reveals ‘Power Patterns' Behind 100% Gains</h2>
For the last decade, these three "Power Patterns" have delivered winning trades during the summer &#8211; one an astonishing 90% of the time. Now they're firing up again over the next 75 days. Want a 30-year veteran trader to show you how to play them? See <a href="https://events2.benzinga.com/power-pattern-profits-live/?utm_campaign=power-pattern-registration&amp;utm_adType=sponsorad&amp;utm_ad=RD061625&amp;he={{email}}&amp;adt_ei={{email}}&amp;utm_medium=newsletter&amp;el=ResearchDaily">HERE</a> How a Master Trader Plays These "Power Patterns"
Investors should factor in other supportive steel sector impactors also driving industry stocks forward. Shuchart points to infrastructure investment, where ongoing and planned infrastructure projects drive demand for steel products across the United States.
Domestic construction activity is up, too, and in high-growth areas.
"Despite higher interest rates, commercial construction remains relatively robust, supporting demand for structural steel," Shuchart said. "Additionally, key steel-consuming industries like automotive and machinery manufacturing have shown surprising resilience in 2025, and the expansion of renewable energy infrastructure requires significant steel inputs, creating a new demand source for the industry.&#8221;
With a strong tailwind from U.S. government policy and solid fundamentals from the steel sector in place, which steel stocks make the most sense for investors right now? These three steel plays could add a profitable element to your portfolio.
<h2 class="wp-block-heading">Nucor</h2>
Trading at $121 per share and 4.4% over the past month, Charlotte, N.C.-based Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), a steel products manufacturer, also offers a sturdy 1.82% dividend yield.
"Despite recent volatility due to potential Mexico tariff negotiations, Nucor remains the premier U.S. steel producer with industry-leading margins, a strong balance sheet, and consistent dividend growth," Shuchar said. "Its EAF production model provides cost flexibility, and its diverse product mix offers exposure to multiple end markets."
<h2 class="wp-block-heading">Steel Dynamics</h2>
At $133 per share and with a 1.50% dividend yield, Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is up a healthy 16.7% year to date. However, the stock (like Nucor) is down moderately this week after the US-Mexico tariff negotiations went public. Wall Street is buzzing over those talks, which could center on reducing or even removing the 50% tariffs to a lower amount based on historical trade volumes.
Yet there's a lot to like about Steel Dynamics, which, like Nucor, offers investors operational efficiency and one of the lowest production cost structures in the industry. "The company has been expanding its value-added product portfolio, which should support margins even if base steel prices moderate," Shuchar said.
<h2 class="wp-block-heading">ArcelorMittal</h2>
Buckley is bullish on the Luxembourg-based ArcelorMittal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), which engages in steelmaking and mining activity. "MT adds global diversification" to the manufacturing section of an investment portfolio," Buckley said. MT shares are up 30.6% year to date at $30 per share with a 1.55% dividend yield.
MT could also benefit from Nippon Steel's purchase of US Steel. Under an agreement inked in October 2024, ArcelorMittal is set up to purchase Nippon's 50% share in a joint venture deal for $1. In addition, MT will deep-six $1 billion of joint venture shareholder loans in an agreement that JP Morgan analyst Dominic O'Kane called a "major positive" for ArcelorMittal.
<h2 class="wp-block-heading">Look for Solid Fundamentals with Steel Stocks</h2>
Don't hit any "buy" buttons on steel stocks until you grasp a company's underlying fundamentals, even if the tariff wars seem to be working out in your favor.
Buckley said investors should prioritize key factors with steel companies. In his view, the best steel investments combine:
<ul class="wp-block-list">
<li>Cost-efficient production.</li>
<li>Strong returns on capital.</li>
<li>Strong balance sheets (i.e., low net debt, high-interest coverage, ample cash reserves, stable working capital, prudent capital expenditure discipline).</li>
<li>Quality net margins (i.e., a ~5% net margin is a solid baseline for this sector, and a 7- 10% range is excellent).</li>
</ul>
"Industry companies with high-margin, value-added products and sustainable dividend growth are best, rather than chasing commodity pricing volatility compared to the overall market," Buckley said. "Overall, steel stocks are less about chasing trends and more about aligning with the economic security playbook we're seeing as a geopolitical theme."
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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3 Steel Stocks To Get You Through The Market's Troubles

Wall Street flipped into the red Wednesday afternoon after news broke that the U.S. is pulling some embassy staff from multiple Middle Eastern countries, a move<a href="https://www.benzinga.com/news/econ-s"> that reignited geopolitical fears.</a>
Just after 3:00 p.m. ET, several news outlets, including the Associated Press, reported that the U.S. State Department had ordered all nonessential personnel to leave the embassy in Baghdad while authorizing voluntary departures <a href="https://apnews.com/article/state-department-embassy-baghdad-f892ebd6a50850ef5650f31819541bff?taid=6849c3fa1fa51b000125a8a6" target="_blank" rel="noopener">in Bahrain and Kuwait.</a><a href="https://apnews.com/article/state-department-embassy-baghdad-f892ebd6a50850ef5650f31819541bff?taid=6849c3fa1fa51b000125a8a6"> </a>
Though the Baghdad Post was already operating with limited staff, the latest move raised eyebrows among investors.
<h3 class="wp-block-heading">Markets Flip, Gold And Oil Prices Rise</h3>
Stocks edged higher early Wednesday, helped by a softer-than-expected inflation report and President Donald Trump&#8216;s upbeat trade talk, which hinted at progress in a trade deal with China.
Traders rotated out of equities and into safe-haven assets as the embassy developments stirred geopolitical concerns. 
The market reaction was swift. The Dow Jones Industrial Average gave up nearly 300 points from its earlier peak of 43,115, dipping to 42,860 late in the session. 
The S&amp;P 500 fell about 50 points to close at the 6,020 level, while the Nasdaq 100 slid to 21,860 from a session high of 22,000.
S&amp;P 500&#8217;s top daily performers on Wednesday were Starbucks Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), up 4.1% and 3.9%, respectively. Major laggards were Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) down 6.1% and 5.3%, respectively. 
Gold prices – as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) – climbed 0.7% to $3,345 an ounce, drawing safe-haven demand. Oil witnessed a strong rally, with crude prices jumping 4.3% to break above $67 a barrel—the biggest one-day gain since April 9 and second-strongest since October 2024.
<h3 class="wp-block-heading">Iran Nuclear Tensions Add Fuel</h3>
Tensions between Washington and Tehran have risen in recent days as nuclear talks stall ahead of a sixth round of negotiations, tentatively set for Sunday, June 15 in Oman.
The U.S. is standing firm against Iran's efforts to enrich uranium and develop nuclear weapons. Iran, in turn, has labeled any enrichment ban as unacceptable and is demanding real sanctions relief before making any concessions.
As Reuters reported Wednesday, Iran's Defense Minister threatened possible strikes on U.S. bases if the talks break down and conflict erupts.
Read Next:
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<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45870128/meta-platforms-enters-its-most-bullish-month-a-return-to-record-highs-in-sight">Meta Platforms Enters Its Most Bullish Month: A Return To Record Highs In Sight? </a></li>
</ul>
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Shares of steel companies are trading lower following a report suggesting the US and Mexico are nearing a deal that would remove the Trump Administration's 50% tariffs on steel imports up to a certain volume.

Shares of steel companies are moving lower in Tuesday&#8217;s after-hours session following reports the U.S. and Mexico are nearing a deal that would remove the Trump Administration&#8217;s tariffs <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">on steel imports</a>.
What To Know: The U.S. and Mexico could soon announce an agreement that would see President Donald Trump&#8217;s 50% tariffs on steel imports removed up to a specified amount based on historical trade volumes, <a href="https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports">Bloomberg</a> reported on Tuesday. 
People familiar with the matter reportedly said Commerce Secretary Howard Lutnick is leading talks on the potential deal, which would still need to be approved by Trump. Trump negotiated a similar deal during his first term. This time around, the cap on tariff-free trade would reportedly be higher. 
The news comes after Trump&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/114599330494282325" target="_blank" rel="noreferrer noopener">announced</a>&nbsp;at the end of May that he would raise steel tariffs from 25% to 50% in an effort to protect the U.S. steel industry.
"Our steel and aluminum industries are coming back like never before. This will be yet another BIG jolt of great news for our wonderful steel and aluminum workers," Trump said in a post on Truth Social last month. 
Several steel stocks were trading lower in Tuesday&#8217;s after-hours session following the news, led by Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which was down 7.86% at last check. Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) shares were down about 5.76% and shares of Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) were sliding about 2.85% at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), which is expected to be acquired by Japan&#8217;s Nippon Steel Corp, was down about 0.20%.
Bloomberg reported that the U.S. imported about 3.2 million metric tons of steel from Mexico in 2024. 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45841311/trumps-steel-tariffs-hits-straight-on-fords-core-analyst-sees-higher-input-costs-and-eroding-pricing-power-for-tesla-rival">Trump&#8217;s Steel Tariffs &#8216;Hits Straight On Ford&#8217;s Core:&#8217; Analyst Sees Higher Input Costs And Eroding Pricing Power For Tesla Rival</a></li>
</ul>
Photo: saweang.w/Shutterstock.

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Steel Stocks Slide On Potential US-Mexico Tariff Deal: Report

<a href="https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports" title="https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports">https://www.bloomberg.com/news/articles/2025-06-10/us-and-mexico-near-deal-to-cut-steel-duties-and-cap-imports</a>

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'U.S., Mexico Are Closing In On A Deal That Would Remove President Donald Trump's 50% Tariffs On Steel Imports Up To A Certain Volume' - Bloomberg News

<a href="https://www.benzinga.com/money/best-steel-stocks">Steel stocks are</a> back in the spotlight, and it's not just the furnaces heating up. Since President Donald Trump's late-May announcement of 50% tariffs on imported steel, the sector has re-rated sharply, with JPMorgan highlighting Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) as the top pick with a potential 67% upside.
Analyst Bill Peterson says Nucor is best positioned to ride out the latest tariff wave, thanks to its product diversification and lower exposure to value-add sheet, which has recently underperformed. Plate and rebar prices, where Nucor has more skin in the game, are holding up stronger and could provide incremental upside heading into 2026.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45790624/exclusive-tariff-titans-why-cleveland-cliffs-nucor-steel-dynamics-could-outmuscle-the-competition" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Tariff Titans &#8211; Why Cleveland-Cliffs, Nucor, Steel Dynamics Could Outmuscle The Competition</a>
<h2 class="wp-block-heading">Tariff Storm Blowing Cleveland, Steel Dynamics, Commercial Metals Too</h2>
The broader sector isn't celebrating just yet. Investors remain cautious, sensing tariff exemptions may still be on the table &#8211; particularly for USMCA partners Canada and Mexico. But that hasn&#8217;t stopped a short-term pop: NUE is up 10% since the tariffs were announced, outpacing Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) and Commercial Metals Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>).
JPMorgan isn't expecting a summer rally for steel prices. However, the bank sees a firming price floor, especially with scrap costs easing and mill utilization rising.
<h2 class="wp-block-heading">Why Nucor Leads The Pack?</h2>
Under a scenario with hot-rolled coil stabilizing at $925/ton and rebar near $900/ton, Peterson sees Nucor pulling ahead of the pack. 
Utilization upside also favors Nucor, which was running at 80% in the first quarter—compared to Steel Dynamics&#8217; 89% and U.S. Steel Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) Flat-Rolled division&#8217;s just 65%.
Steel investors are now facing a tale of two narratives: near-term caution versus long-term potential. 
For Peterson, the long game still favors Nucor, especially if the tariffs hold and restocking kicks in later this year.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/commodities/25/06/45794273/exclusive-ford-gm-just-hit-a-tariff-wall-will-margins-crumple-on-cost-pressures" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Ford, GM Just Hit A Tariff Wall &#8211; Will Margins Crumple On Cost Pressures?</a></li>
</ul>
Image: Shutterstock

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Nucor Tops JPMorgan's Metals List, Eyes 67% Surge Thanks To Tariffs

Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) has outperformed the market over the past 5 years by 8.75% on an annualized basis producing an average annual return of 21.83%. Currently, Nucor has a market capitalization of $27.38 billion. 
Buying $1000 In NUE: If an investor had bought $1000 of NUE stock 5 years ago, it would be worth $2,610.46 today based on a price of $118.75 for NUE at the time of writing.
<h3>Nucor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749154551_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Nucor Stock In The Last 5 Years

Steel tariffs are back with a bang, and investors are already positioning for the winners. As the U.S. slaps a <a href="https://www.benzinga.com/news/topics/25/05/45708977/trump-doubles-steel-tariffs-to-50-saying-it-will-secure-american-jobs-backs-us-steels-takeover-by-japans-nippon" target="_blank" rel="noreferrer noopener">prohibitive 50% tariff</a> on imported steel and aluminum, Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) and Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) are emerging as the early champions of this protectionist pivot.
According to Tracy Shuchart, senior economist at NinjaTrader, the tariff surge is a short-term policy maneuver, but it brings long-term opportunities for domestic producers. &#8220;At 50%, these tariffs are reaching what economists call prohibitive levels—they&#8217;re so high that they fundamentally distort market mechanisms rather than simply providing competitive protection,&#8221; Shuchart said in an exclusive email interview with Benzinga.
Read Also: <a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Trump&#8217;s 50% Steel Tariff Could Drive Up The Costs For Automakers: &#8216;Almost $2,000 Of Cost For Each Car&#8217;</a>
<h2 class="wp-block-heading">Tariffs To Benefit Cleveland, Nucor, Steel Dynamics&#8217; Margins</h2>
Cleveland-Cliffs saw a 25.2% gain in early trading after the announcement, not just on sentiment but solid fundamentals. The company is heavily exposed to imports, particularly in flat-rolled products, and now has room to raise prices by $200-300 per ton while still staying competitive. 
&#8220;Cliffs can immediately implement price increases of $200–300 per ton while still remaining competitive,&#8221; Shuchart added.
Nucor, with its low-cost electric arc furnace model, is positioned to expand its already solid margins. Its scale, cost discipline, and flexible mini-mill network could boost EBITDA margins to the 18–20% range over the next 12–18 months. &#8220;With import competition effectively removed, Nucor can maintain its cost advantage while capturing significantly higher margins,&#8221; Shuchart said.
Meanwhile, Steel Dynamics, which had ventured into aluminum production, now looks prophetic. With both steel and aluminum tariffs rising, Steel Dynamics&#8217;s dual exposure could unlock a new wave of pricing power. &#8220;This diversification strategy, which seemed risky 18 months ago, now looks prescient,&#8221; said Shuchart.
<h2 class="wp-block-heading">Broad-Market Beneficiaries</h2>
Investors looking to ride the broader wave may also consider steel-focused ETFs like the VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) or the SPDR S&amp;P Metals and Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which offer diversified exposure to these names.
While these gains are real, Shuchart cautions this is not a forever story. Structural supply gaps and midterm politics could force a policy rethink by late 2025. 
But for now, domestic steel stocks stand to gain, and this trio is leading the charge.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/06/45766967/us-aluminum-tariffs-risk-supply-chain-and-food-security-industry-insiders-warn">US Aluminum Tariffs Risk Supply Chain And Food Security, Industry Insiders Warn</a></li>
</ul>
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EXCLUSIVE: Tariff Titans - Why Cleveland-Cliffs, Nucor, Steel Dynamics Could Outmuscle The Competition

After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45722678/magnificent-seven-closed-a-blockbuster-may-added-nearly-2-trillion-in-market-value">appetite for risk assets.</a>
President Donald Trump announced over the weekend that tariffs on steel and aluminum imports will be doubled to 50% starting June 4, reigniting trade tensions with China. Beijing responded by accusing Washington of seriously violating trade agreements and pledged to take strong measures to defend its interests.
The renewed dispute ignited a rally in precious and industrial metals. Aluminium prices climbed 2.5%, copper gained 3%, and silver soared 4.6%, marking its best daily performance since September 2024. Gold also caught a bid, rising 2.8% to $3,327 per ounce, its highest level since May 8, as investors sought safe-haven protection.
Russia's war with Ukraine escalated over the weekend, with Ukrainian drones striking airfields deep inside eastern Siberia. Moscow responded with one of its largest missile and drone barrages yet.
The geopolitical flare-up sent oil prices up 3.5% to $64 a barrel, shrugging off OPEC+'s announcement of a 411,000 barrels-per-day production hike starting in July.
Meanwhile, U.S. natural gas prices spiked 7% as traders priced in a potential increase in LNG demand from Europe.
On the macro front, the Institute for Supply Management's Manufacturing Purchasing Managers' Index (PMI) revealed a deeper-than-expected contraction in May. Price pressures remained elevated, hovering near their highest<a href="https://www.benzinga.com/markets/economic-data/25/06/45724821/trumps-manufacturing-narrative-weakens-as-may-data-shows-sharper-contraction-stubborn-inflation"> levels in three years.</a>
Selling pressure resumed in the Treasury market, with the yield on the 30-year U.S. bond rising 6 basis points to 4.98%. 
The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 1.5%, reflecting losses in long-duration bonds. At the same time, the U.S. dollar softened, with the dollar index falling to 98.7, its lowest in over a week.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 1.3% to $104,000, continuing its pullback from recent highs. 
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %Chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,375.40</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,062.80</td>
<td>-0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,902.74</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,044.33</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:30 p.m.</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $589.38.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.4% to $421.10.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.2% to $520.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) was unchanged at $205.15.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.4%; the&nbsp;Industrials&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was up 0.9% by midday trading. Bank of America analyst Ronald Epstein upgraded the stock from Neutral to Buy and raised the price target to a Street-high $260. </li>
<li>Stocks reacting to earnings reports included The Campbell&#8217;s Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>) and Science Applications International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) down 0.6% and 14%, respectively. </li>
<li>The top three performers in the S&amp;P 500 were commodity-linked stocks, with Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) surging 9.6%, Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) rising 8.1% and Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) gaining 5.5%.</li>
</ul>
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Image created using artificial intelligence via Midjourney.

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Select Sector SPDR-Consumer Discretionary

Stocks Stall, Commodities Rocket As Trade, Geopolitical Tensions Resume: What's Driving Markets Monday?

U.S. stocks were mixed, with the Dow Jones index falling around 200 points on Monday.
Shares of Vera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERA#NASDAQ">VERA</a>) rose sharply during Monday's session after the company <a href="https://www.benzinga.com/news/health-care/25/06/45720783/kidney-health-focused-vera-therapeutics-stock-price-spikes-on-heels-of-successful-trial-data">released ORIGIN Phase 3 trial data.</a>
Participants treated with atacicept for immunoglobulin A nephropathy (IgAN) achieved a 46% reduction from baseline in proteinuria as measured by 24-hour urine protein-to-creatinine ratio (UPCR), with a statistically significant and clinically meaningful 42% reduction in UPCR compared to placebo (p&lt;0.0001) at week 36.
Vera Therapeutics shares jumped 56.6% to $29.67 on Monday.
Here are some other big stocks recording gains in today&#8217;s session.
<ul class="wp-block-list">
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) surged 44.8% to $9.89 after the company announced a 250MW AI data center lease with CoreWeave.</li>
<li>Kymera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYMR#NASDAQ">KYMR</a>) climbed 33.3% to $39.53 after the company announced clinical data for its Phase 1 Healthy volunteer study of KT-621.</li>
<li>Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) gained 26.2% to $127.93 after the company announced that Sanofi will acquire them for $9.5 billion.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) gained 23.2% to $7.18 after Trump said he would double their tariffs to 50%.</li>
<li>Century Aluminum Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) rose 22% to $18.89 after Trump said he would double their tariffs to 50%.</li>
<li>Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) gained 18.2% to $17.64 after the company announced it began shipping its newly FDA-approved Yutrepia. Additionally, Needham raised its price target on the stock from $25 to $32.</li>
<li>REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) jumped 16.4% to $10.30.</li>
<li>Tempus AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) gained 14.1% to $62.95 after the company introduced its fuses program for precision-based medicine and xM for advanced cancer treatment response monitoring.</li>
<li>First Majestic Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) rose 10.6% to $6.83.</li>
<li>Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) surged 10.5% to $135.93. Shares of steel and aluminum stocks traded higher after Trump said he would double their tariffs to 50%.</li>
<li>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) gained 10.4% to $5.67.</li>
<li>Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) gained 10% to $120.20. BMO Capital analyst Katja Jancic upgraded Nucor from Market Perform to Outperform and raised the price target from $140 to $145.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) rose 6.2% to $2.8250. ImmunityBio received FDA expanded access authorization for the treatment of Lymphopenia with ANKTIVA in patients with solid tumors</li>
<li>Eldorado Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) rose 6.1% to $21.32.</li>
</ul>
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Photo via Shutterstock

APLD

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IBRX

KYMR

LQDA

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VERA

Vera Therapeutics, Applied Digital, Kymera Therapeutics And Other Big Stocks Moving Higher On Monday

Shares of steel and aluminum stocks are trading higher after Trump said he would double their tariffs to 50%.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>BMO Capital analyst Katja Jancic upgraded the rating for Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) from Market Perform to Outperform and raised the price target from $140 to $145. Nucor shares closed at $109.36 on Friday. <a href="https://www.benzinga.com/quote/NUE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Jordan Alliger upgraded Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) from Neutral to Buy and raised the price target from $387 to $410. Saia shares closed at $264.41 on Friday. <a href="https://www.benzinga.com/quote/SAIA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Nik Modi upgraded Church &amp; Dwight Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) from Sector Perform to Outperform and boosted the price target from $100 to $114. Church &amp; Dwight shares closed at $98.31 on Friday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Ronald Epstein upgraded The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from Neutral to Buy and raised the price target from $185 to $260. Boeing shares closed at $207.32 on Friday. <a href="https://www.benzinga.com/quote/AFRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Stephanie Moore upgraded the rating for Rollins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>) from Hold to Buy and raised the price target from $55 to $65. Rollins shares closed at $57.25 on Friday. <a href="https://www.benzinga.com/quote/rol/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NUE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02085339/image-8-1024x575.png" alt="" class="wp-image-935167" style="width:648px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02085339/image-8-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02085339/image-8-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02085339/image-8-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02085339/image-8.png 1133w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Upgrades

Pre-Market Outlook

SAIA

This Nucor Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

<h3>Gainers</h3>
<ul>
<li>Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) shares increased by 26.1% to $7.35 during Monday's pre-market session. The market value of their outstanding shares is at $3.6 billion. </li>
<li>Century Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>) shares rose 18.85% to $18.41. The market value of their outstanding shares is at $1.7 billion. </li>
<li>Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) stock moved upwards by 11.31% to $137.0. The market value of their outstanding shares is at $20.3 billion. </li>
<li>Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) stock moved upwards by 10.74% to $121.11. The company's market cap stands at $27.9 billion. </li>
<li>Origin Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) stock moved upwards by 9.25% to $0.48. The company's market cap stands at $71.6 million. </li>
<li>Commercial Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) shares moved upwards by 9.2% to $50.88. The market value of their outstanding shares is at $5.7 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Bolt Projects Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSLK#NASDAQ">BSLK</a>) shares declined by 8.3% to $3.1 during Monday's pre-market session. The company's market cap stands at $6.3 million. </li>
<li>IT Tech Packaging (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ITP#AMEX">ITP</a>) shares decreased by 6.85% to $0.18. The market value of their outstanding shares is at $3.0 million. </li>
<li>IperionX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>) stock decreased by 6.5% to $22.62. The market value of their outstanding shares is at $662.0 million. </li>
<li>Millennium Group Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGIH#NASDAQ">MGIH</a>) stock fell 6.05% to $1.4. The company's market cap stands at $15.7 million. </li>
<li>Tantech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TANH#NASDAQ">TANH</a>) stock declined by 5.41% to $2.1. The company's market cap stands at $2.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-basic-materials-stocks/" title="www.benzinga.com/money/best-basic-materials-stocks/">www.benzinga.com/money/best-basic-materials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BSLK

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11 Materials Stocks Moving In Monday's Pre-Market Session

BMO Capital analyst Katja Jancic upgrades Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) from Market Perform to Outperform and raises the price target from $140 to $145.

Price Target

BMO Capital Upgrades Nucor to Outperform, Raises Price Target to $145

UPDATE: President Donald Trump Says He Would Be Increasing Tariffs On Steel To 50% From 25%; Tariffs To Go Into Effect Next Week

<a href="https://www.bloomberg.com/news/articles/2025-05-30/trump-to-raise-steel-tariffs-to-50-to-help-nippon-us-steel-deal?embedded-checkout=true" title="https://www.bloomberg.com/news/articles/2025-05-30/trump-to-raise-steel-tariffs-to-50-to-help-nippon-us-steel-deal?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-05-30/trump-to-raise-steel-tariffs-to-50-to-help-nippon-us-steel-deal?embedded-checkout=true</a>

'Trump to Raise Steel Tariffs to 50% to Help Nippon-US Steel Deal'- Bloomberg

Throughout the last three months, 6 analysts have evaluated Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $156.5, a high estimate of $169.00, and a low estimate of $140.00. This current average has decreased by 0.53% from the previous average price target of $157.33. 
<img src="https://www.benzinga.com/files/images/story/2025/1748548880_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Nucor among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Curt Woodworth</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$147.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$140.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Mike Harris</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$169.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Curt Woodworth</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Bill Peterson</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$156.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Carlos De Alba</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$167.00</td>
<td>$154.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nucor. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nucor compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Nucor's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Nucor's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NUE/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Nucor analyst ratings.</a>
<h2>All You Need to Know About Nucor</h2>
Nucor Corp manufactures steel and steel products. The company's reportable segments are steel mills, steel products, and raw materials. A majority of its revenue is derived from the steel mills segment, which is engaged in producing sheet steel (hot-rolled, cold-rolled, and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), and bar steel products. Nucor manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces (EAFs) along with continuous casting and automated rolling mills. The steel mills segment sells its products mainly to steel service centers, fabricators, and manufacturers located in the United States, Canada, and Mexico.
<h3>Nucor's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining Nucor's financials over 3M reveals challenges. As of 31 March, 2025, the company experienced a decline of approximately -3.77% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Nucor's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 1.99%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Nucor's ROE stands out, surpassing industry averages. With an impressive ROE of 0.77%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Nucor's ROA stands out, surpassing industry averages. With an impressive ROA of 0.45%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Nucor's debt-to-equity ratio is below the industry average at 0.39, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Nucor's Future

UBS analyst Curt Woodworth maintains Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) with a Buy and lowers the price target from $153 to $147.

UBS Maintains Buy on Nucor, Lowers Price Target to $147

It took one sentence from <a href="https://www.benzinga.com/topic/donald-trump">President Donald Trump</a> to jolt United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) out of a 20-year barrier. 
"This 20yr base in US Steel just needed a little Trump pump," <a href="https://x.com/sstrazza/status/1927128103790211315">posted</a> All Star Charts strategist Steven Strazza on X, capturing the chart-watching community's excitement. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This 20yr base in US Steel just needed a little Trump pump. I think it goes a lot higher from here. <a href="https://twitter.com/search?q=%24X&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$X</a> <a href="https://t.co/h0OhLCH4vr">pic.twitter.com/h0OhLCH4vr</a>
&mdash; Steven Strazza (@sstrazza) <a href="https://twitter.com/sstrazza/status/1927128103790211315?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Trump's Pitch Sparks A Chart-Breaking Rally</h2>
The stock surged more than 21% after the president announced a "planned partnership" between U.S. Steel and Japan's Nippon Steel, pledging the company would stay American, headquartered in Pittsburgh, and promising 70,000 jobs and $14 billion in U.S. investment.
Related: <a href="https://www.benzinga.com/25/05/45596866/president-trump-approves-us-steel-nippon-steel-partnership">President Trump Approves US Steel, Nippon Steel Partnership</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0527"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27061647/Screenshot-2025-05-27-at-3.46.35-PM.png" alt="" class="wp-image-928108" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27061647/Screenshot-2025-05-27-at-3.46.35-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27061647/Screenshot-2025-05-27-at-3.46.35-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0527">Chart created using Benzinga Pro</a>
Technically, the breakout is hard to miss. U.S. Steel stock is trading far above its eight, 20, 50, and 200-day simple moving averages (SMAs), with the eight-day average sitting at $42.87 and the stock now at $52.01. 
The RSI (relative strength index) of 76.02 suggests the stock is overbought, while the MACD (moving average convergence/divergence indicator) reading of 0.85 points to bullish momentum. 
Traders are seeing textbook confirmation of a bullish breakout.
<h2 class="wp-block-heading">Analyst Skepticism Clouds Deal Optimism</h2>
But not everyone is convinced the rally is built on solid footing. JPMorgan analyst Bill Peterson maintained a "Neutral" stance, stating "questions remain" over the deal's structure and execution. 
While some media outlets have reported that Trump approved Nippon Steel's acquisition, subsequent statements from the president painted a murkier picture. He&#8217;s described the deal as an "investment" or "partial ownership" rather than a full takeover. "It will be controlled by the United States. Otherwise, I wouldn't make the deal," Trump said.
Peterson noted that the newly announced $14 billion investment figure is far above the previously suggested $2.7 billion, raising questions about how—and whether—that capital would be deployed in just over a year. Nippon Steel's Vice Chairman reiterated the company's intent for a full buyout as recently as May 20, saying there would be "no free technology" in a joint venture structure.
<h2 class="wp-block-heading">Steel Rivals Sink As U.S. Steel Soars</h2>
Market reaction among peers painted a telling picture: while U.S. Steel soared, rivals like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) and Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) declined &#8211; suggesting the market expects a more competitive steel landscape if the deal materializes.
For now, U.S. Steel bulls are riding the momentum, but whether this Trump-fueled breakout has structural legs will depend on how the fog around the deal clears—or doesn't—in the days ahead.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45615292/this-united-states-steel-analyst-is-no-longer-bullish-here-are-top-3-downgrades-for-tuesday">This United States Steel Analyst Is No Longer Bullish; Here Are Top 3 Downgrades For Tuesday</a></li>
</ul>
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