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Business
Anushka Dutta

Is Nucor Corp. (NUE) the Steel Stock to Watch Now?

NUE Nucor Corporation Momentum XOM

Nucor Corporation (NUE) manufactures and sells steel and steel products under the Steel Mills; Steel Products; and Raw Materials segments. The company serves heavy equipment, infrastructure, construction, automotive, energy, and agriculture sectors.

In June, NUE announced that its Towers & Structures business unit would construct its second utility structures production facility in Crawfordsville, Indiana. This is expected to help the company meet the rising demand for utility structures from renewable energy projects.

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