Nucor Stock News

Nucor <> confirms plans to build a new $2.7B sheet mill in West Virginia, with the capacity to produce 3M tons/year of steel.The company says the location on the Ohio River

Nucor Corp. said Wednesday it has selected Mason County, West Virginia as the site of its new sheet mill, which the steel maker said will have about 800 full-time employees. West Virginia won out over other locations evaluated by the company in Pennsylvania and Ohio. As previously announced in September, the company said the mill is expected to cost $2.7 billion and produce three million tons of steel per year. Construction is expected to take two years. "We are pleased to create hundreds of new, high-paying jobs, and position West Virginia as a leader in clean steel production," Nucor Chief Executive Leon Topalian. The stock, which rose 2.3% in afternoon trading, has soared 95.2% over the past 12 months while the SPDR Materials Select Sector ETF has gained 16.0% and the S&P 500 has advanced 24.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Nucor Corp. nue said Wednesday it has selected Mason County, West Virginia as the site of its new sheet mill, which the steel maker said will have about 800 full-time employees. West Virginia won out

Wednesday''s top analyst upgrades and downgrades included Danaher, Emerson Electric, Fifth Third Bancorp, JD.com, Krispy Kreme, Lucid, Nucor, Regions Financial, Shopify, Snowflake, 3M and Wendy''s.

CHARLOTTE, N.C., Jan. 10, 2022 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) fourth quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian,

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Should investors keep their eyes on these steel stocks?

Despite the recent pullback in prices from historic highs, the favorable fundamentals make the steel space an attractive area to invest in right now. CMC, TMST, TKAMY, NUE and X are worth adding to yo

Here is how Nucor (NUE) and Ryerson Holding (RYI) have performed compared to their sector so far this year.

https://www.investing.com/analysis/nucor-nue-moves-48-higher-will-this-strength-last-200613842

Nucor (NUE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Steel stocks including Cleveland-Cliffs <> and Nucor <> soared in today''s trading following reports that China''s central bank may ease monetary policy before the Lunar New Year

Nucor Corp (NYSE: NUE ) looks like it''s breaking out of a technical formation following about two months of consolidation. Virtus Investment Partners'' Joe Terranova initiated a position Wednesday as he expects the stock to perform well in 2022. "This is a cheap stock and this is a stock that is breaking out technically and its liquidating the pessimism," Terranova said on CNBC''s "Fast Money Halftime Report." Terranova''s Thesis: When the company Full story available on Benzinga.com