Nucor (NUE) forecasts higher Q2 earnings, driven by strong steel mill performance

Nucor (NUE) announced on June 18, 2026, it expects significantly higher earnings per share (EPS) for the second quarter of 2026 compared to Q1 2026. The steel producer attributes this optimistic outlook primarily to robust performance within its steel mills segment. The company anticipates improved profitability across its sheet, plate, and structural mills. This positive trend is fueled by higher average selling prices and increased shipping volumes during the quarter. Nucor's raw materials segment is also projected to see improved results. For Q1 2026, Nucor reported an EPS of $3.61. The current forecast suggests a substantial uptick, indicating strong demand and favorable market conditions for steel products.