Steel stocks, led by Cleveland-Cliffs, rebounded with Cleveland-Cliffs rising 3% after a recent selloff tied to U.S. tariff impacts on its Canadian operations. The company plans to idle some Stelco plant operations but shift production to another facility, aiming to maintain overall steel output. Nucor and Steel Dynamics also saw modest gains, benefiting from less exposure to Canadian tariffs. Investors remain cautious due to ongoing tariff uncertainties and modernization investment debates, with future steel demand and policy developments likely to influence the sector's direction.
Nucor Corporation (NUE) trades at USD 236.36 on Pluang as of Sep 30, 2026 23:51 WIB, showing a modest 0.29% increase in one day. The stock's market capitalization stands at $53.60 billion, reflecting its significant presence in the basic materials sector. Pluang investors hold Nucor shares for an average of 77 days, with current order activity fully on the buy side, indicating steady interest despite tariff uncertainties.
