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Nucor CEO sees strongest steel demand in 31 years, driven by broad economic growth beyond AI data centers.

Company Fundamentals
29 Oct 2026, 14:32 WIB
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Bullish
Nucor CEO sees strongest steel demand in 31 years, driven by broad economic growth beyond AI data centers.

Nucor's CEO Leon Topalian reported the strongest steel demand in his 31-year tenure, citing broad economic growth across multiple sectors beyond just AI data centers. The company posted record Q3 results with revenue up 32% and net earnings more than doubling year-over-year. Key demand drivers include infrastructure, energy projects, reshoring manufacturing, and defense spending. Despite some risks from rising imports and costs, Nucor expects 2027 to surpass 2026 in performance, supported by strong backlogs and new mill capacity coming online.

Nucor Corporation holds a market cap of $61.66 billion and a dividend yield of 0.82% as of Oct 29, 2026, 18:41 WIB. On Pluang, NUE shares are trading at USD 273.32 with a modest 1-day gain of 0.56%, reflecting steady investor interest. The stock's enterprise value stands at $65.12 billion, supported by strong demand and positive outlooks noted in recent company reports.

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