Nucor forecasts second-quarter profit above estimates on firmer prices, volumes

Nucor

17/06/2026 22:02

    June 17 (Reuters) - Nucor Corp NUE.N on Wednesday forecast second-quarter adjusted profit above Wall Street estimates, buoyed by higher average selling prices and strong volumes in its steel mills segment.
Firmer steel prices, underpinned by supportive trade policies, geopolitical tensions and upcoming mill maintenance, have tightened supply and boosted returns for U.S. steelmakers.
Here are some details from Nucor's guidance: 
The company expects second-quarter adjusted profit per share between $4.50 and $4.60; Analysts on average were expecting $4.27 per share, according to data compiled by LSEG.
The company posted a profit of $3.23 per share in its first quarter, up from 67 cents per share a year earlier.
Nucor plans to release its earnings after the markets close on Monday.

 (Reporting by Apratim  Sarkar in Bengaluru; Editing by Joyjeet Das)
 ((Apratim.Sarkar@thomsonreuters.com;))