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Posted by
Two Blokes Jul 8 -
Filed in
Stock
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5 views
With a 50% rise in steel import prices and lower foreign competition, Nucor is poised to benefit from President Trump's tariffs, with an incentive to raise its sale prices. The company's $6.5 billion capex investment plan will substantially expand its production capacity domestically to capitalize on the rapid growth in demand for steel from data centers and EVs. Nucor has underperformed in the last 3 years, and its capex plans may not boost margins for the next 1.5-2 years, so the steel manufacturer is a hold for now.
