With a market cap of $26.5 billion, Nucor Corporation (NUE) engages in the manufacture and sale of steel and steel products, with operating facilities in the United States, Canada, and Mexico. Based in Charlotte, North Carolina, the company operates in three segments: Steel Mills, Steel Products, and Raw Materials.
Shares of NUE have significantly lagged behind the broader market over the past 52 weeks. NUE has dropped 32.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.9%. Moreover, shares of NUE are down 1.5% on a YTD basis, compared to SPX’s 1% rise.
