Nucor Corporation's net profit in the second quarter of 2026 rose to $1.16 billion from $743 million in the previous quarter, supported by higher average selling prices and increased volumes in its steel mills segment.
The company stated that it anticipates higher consolidated earnings in the third quarter of 2026, with rising realized prices across all major product categories and stable volumes in its steel mills.
Nucor again raised its announced hot-rolled coil spot price on September 1, 2026, extending a six-week streak of increases totaling $60 per short ton, indicating improving market conditions. During the second quarter, Nucor repurchased approximately 1.53 million shares and ended the period with $2.69 billion in cash, bolstering its financial flexibility.
Nucor Corporation is the largest steel and steel products producer in the United States and the largest recycler of scrap metal in North America. Headquartered in Charlotte, North Carolina, it is a publicly traded company listed on the New York Stock Exchange.
