Nucor traded at $166.73 this Monday March 9th, decreasing $2.02 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, Nucor lost 13.16 percent. Over the last 12 months, its price rose by 31.59 percent. Looking ahead, we forecast Nucor to be priced at 163.65 by the end of this quarter and at 149.27 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nucor Corporation is a United States-based steel products company. The Company is a manufacturer of steel and steel products. It produces direct reduced iron (DRI) for use in its steel mills. The Company also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI). It manufactures a range of steel products, including concrete reinforcing bars, hot-rolled bars, rounds, light shapes, structural angles, channels, wire rod and highway products in carbon and alloy steels. The Company also produces hot-rolled, cold-rolled and galvanized sheet steel to customers’ specifications.