The Latest Breaking News from NUE

Someone with a lot of money to spend has taken a bearish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Last year’s Infrastructure Investment and Jobs Act (IIJA) will lead to billions of dollars being spent to rehabilitate the country’s creaking infrastructure. With the Biden administration mandating the use of iron and steel produced in the United States, the U.S. iron and steel industry will likely benefit. Given this backdrop,…

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

Nucor (NYSE:NUE) has outperformed the market over the past 5 years by 4.03% on an annualized basis.

Someone with a lot of money to spend has taken a bullish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

U.S. indices finished higher again Friday as stocks continued higher while investors reacted to the ongoing Russia-Ukraine conflict.

Overproduction at the end of 2021 has been causing a decline in steel prices of late. However, the passage of the bipartisan infrastructure bill last fall, which will provide significant funding for industrial and construction projects going forward, should drive the steel industry’s growth. Therefore, prominent players in this space,…

Nucor (NYSE:NUE) has outperformed the market over the past 20 years by 3.97% on an annualized basis.

Someone with a lot of money to spend has taken a bearish stance on Nucor (NYSE:NUE). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.