Based in Charlotte, North Carolina, Nucor Corporation (NUE) is a leading U.S. producer of structural steel, steel bars, and related products. With a market cap of $33.5 billion, it operates primarily in the U.S. and Canada, producing steel sheets, bars, plates, and more through its network of mini-mills. The company has expanded through acquisitions and geographic growth, with most of its operations and customers located in North America.
The steel giant has struggled to keep pace with the broader market over the past year, tumbling 24.7% while the S&P 500 Index ($SPX) rallied by 22.8%. However, in 2025, the stock has rebounded, climbing 19.8% versus the SPX’s 4.5% year-to-date gain.
