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Nucor posts $1.1B in Q2 income. The steel production and metals recycling company boosted net income year on year and quarter on quarter in this year's second quarter. Published July 27, 2026 Nucor Corp., a Charlotte, North Carolina-based recycled-content steel producer, has announced second quarter 2026 net earnings attributable to Nucor shareholders of nearly $1.16 billion, marking an increase from the prior quarter and the second quarter of 2025. The quarterly profit figure represents a 92 percent increase compared with the $603 million earned by Nucor in this year's first quarter and a 55 percent increase from the $743 million earned by the steel producer one year earlier. All three of Nucor's business segments enjoyed boosted income from April through June compared with the first three months. That includes a triple-digit increase in profits for its Raw Materials sector, which includes the David J. Joseph (DJJ) metals recycling operations. According to Nucor, its Raw Materials segment cleared $146 million in profits in this year's second quarter, which is 224 percent higher compared with the previous quarter and 156 percent higher compared with one year earlier. Nucor credits higher earnings in its raw materials segment in the 2026 second quarter as being "primarily due to increased average selling prices and shipments." "Investment across key sectors of the United States economy, combined with supportive federal trade policies, drove a second consecutive quarterly record for Nucor steel mill shipments," says Leon Topalian, Nucor's board chair and CEO. "We continue to execute our growth strategy through investments to expand our capabilities and strengthen our position as the market leader with the most diverse portfolio of steel and fabricated steel products in North America," he adds. Nucor says the increase in second quarter earnings was driven primarily by the increase in earnings in its recycled-content electric arc furnace (EAF) steel mills segment, which the company says experienced higher average selling prices and higher shipment volumes. A breakdown in the firm's financials shows Nucor sold steel to external customers for an average of $1,145 per ton while paying an average of $422 per ton for raw materials (predominantly ferrous scrap and direct-reduced iron). That spread of $723 per ton outpaces the $670 per ton spread the company managed in this year's first quarter and is 13.3 percent higher compared with the $638 per ton spread in the second quarter of 2025. In a reference to tariff refunds, Nucor states, "Additionally, the steel mills segment earnings included a reduction to cost of products sold in the amount of $130 million related to cash refunds associated with prior periods' raw materials procurement costs." The downstream steel and building products segment had improved earnings due to increased volumes and stable average realized pricing, says the company. Concerning the quarter now underway, Nucor says it expects higher consolidated reported earnings beyond the impressive second quarter results. Sponsored Content Optimal productivity, heavy construction, safety features and operator comfort come together in the SENNEBOGEN 360 G-series telescopic wheel loader, designed for work across the waste and recycling industry. Telescopic wheel loaders manufactured by SENNEBOGEN have a growing presence at transfer stations, material recovery facilities (MRFs), construction and demolition (C&D) recycling plants and metal recycling facilities across North America. "In the steel mills segment we expect an increase in earnings due to higher realized pricing across all major product categories with stable volumes," states the firm. Nucor predicts, however, that its raw materials segment is expected to have decreased earnings in the third quarter "due to lower margins." In the steel products segment, Nucor says it expects increased earnings because of higher volumes and higher realized pricing. Get curated news on YOUR industry. Enter your email to receive our newsletters.

Nucor expands transmission tower plant to capture US grid infrastructure growth. 24 Jul 2026 17:13 reported by Cris Chen Nucor has completed the expansion of its transmission tower and steel utility structure manufacturing facility in West Hazleton, Pennsylvania, to meet growing demand driven by grid modernization, data centers, artificial intelligence, electric vehicles, and energy storage projects. Since acquiring the Summit Manufacturing plant in 2022, the company has invested nearly US$60 million to add new production bays and advanced automation, significantly increasing manufacturing capacity and efficiency. The upgraded facility can produce large tubular steel poles and transmission towers through highly automated processing. Nucor is also evaluating the construction of a new galvanizing plant, which could create around 60 additional jobs and further strengthen its position in the expanding power transmission infrastructure market.

U.S. Metals & Minerals projects to add 1.2 GW of power demand. Industrial Info Resources is tracking 107 plants under construction in the U.S. Metals & Minerals Industry, with $32 billion of projects under construction Released Tuesday, July 21, 2026 Reports related to this article: Summary. The U.S. Metals & Minerals Industry is consuming plenty of energy to produce materials for data centers, chip-manufacturing plants and the electric-vehicle market; these projects are among the top contributors to an expected 1.2 GW of electricity demand from the industry. A jolt to the system. Industrial Info Resources estimates that new projects under construction in the U.S. Metals & Minerals Industry will add 1.2 gigawatts (GW) of electricity demand. These projects are in various stages of construction, from civil/site preparation through commissioning, and they are scheduled to begin operations between now and 2028. Among the new-build projects are new mines, steel mills, critical minerals refineries, smelters and battery-metal developments, all of which are large consumers of electricity. While significant, the increase in electricity demand from grassroot development is a drop in the bucket when compared with the amount of demand from plant expansions under development. The Metals & Minerals Industry will make up more than 40% of the total U.S. industrial electric demand growth expected by 2030, says Shane Mullins, Senior Vice President for Industrial Info Resources. Data demand drives energy demand. The ever-growing list of energy-intensive industrial projects across the U.S. is expected to spur a massive surge in power demand, with data centers expected to be the main consumers of electricity. According to Industrial Info Resources data, more than 4,200 data center projects represent $4.3 trillion of active and proposed investment in the U.S.; not all of that will come to fruition, but analysts have projected that electricity demand from data centers will grow from 35 GW in 2024 to 90 GW by 2030. Industrial Info Resources is tracking 107 new plants under construction across the U.S. Metals & Minerals Industry and offers a full list of detailed profiles for these facilities. According to Industrial Info Resources data, more than $32 billion of investment is attributed to projects under construction at these plants. Of the 107 plants listed, the 11 with the highest expected power consumption would account for 744 megawatts (MW) and nearly $20 billion of the investment total. The largest of these, in terms of power consumption, is Nucor Corporation 's sheet mill in Apple Grove, West Virginia, which is set to finish construction toward the end of this year. The mill will use close to 170 MW to produce 3 million tons per year, including cold-rolled and hot-rolled coil, and galvanized and pickled steel sheets. At the AISTech 2026 conference in May, Jack Sullivan, the chief financial officer of Nucor, said his company expected to see 5% to 10% growth in steel demand over the coming 12 months, with data centers accounting for 10% of the company's order backlog. Industrial Info Resources offers more information on the Apple Grove mill in its Global Market Intelligence (GMI) Metals & Minerals Plant and Project databases, where readers can find details-including construction schedules, investment values and necessary equipment -in a plant profile and project report; for more information on the AISTech 2026 conference, readers can consult Industrial Info's May 11, 2026, article - AISTech 2026: U.S. Steel Industry Healthy Riding $50 Billion Capital Spending Wave. Other steel-manufacturing projects set to consume heavy amounts of energy include ArcelorMittal USA 's non-grain-oriented electrical steel (NOES) mill in Calvert, Alabama, which will use 40 MW to produce 150,000 tons per year of NOES, a common element in generators, transformers and vehicle motors; and Pacific Steel Group 's steel rebar mill in Mojave, California, which is designed to produce 380,000 tons per year and include a scrap metal-recycling plant. Both projects are slated for completion in the summer of 2027. Readers can learn more about these developments from detailed reports on the Calvert and Mojave projects. By the Numbers * 107: New or existing plants in the U.S. Metals & Minerals Industry with projects under construction * More than 1.2 GW: Total electricity demand expected from these facilities after their projects become operational * More than $32 billion: Total investment in these projects under construction EV projects also steering demand. Growing demand for EV batteries and a secure supply of battery materials is playing out in the U.S. Metals & Minerals Industry. LG Chemical Limited is nearing completion on a battery cathode-manufacturing plant in Clarksville, Tennessee, which has been under construction for nearly three years; it is expected to produce 60,000 tons per year of advanced NCMA (nickel, cobalt, manganese, aluminum) cathode materials to electric vehicle (EV) producers throughout the region. Similarly, Birla Carbon USA Incorporated, a subsidiary of Aditya Birla Group, is performing site preparation for a battery materials plant in Orangeburg, South Carolina, which will produce 25,000 tons per year of synthetic graphite for the lithium-ion battery anodes used in EVs. Each of these projects is expected to consume 40 MW. Readers can learn more from detailed reports on the Clarksville and Orangeburg projects. Other EV-driven projects aim to create more sustainable materials for vehicles... even as their production plants consume massive amounts of energy. Novelis Incorporated, another Aditya Birla subsidiary, expects to finish construction in the first quarter of 2027 on its aluminum rolling mill in Bay Minette, Alabama. The facility will consume 57 MW to recycle 1.3 billion pounds per year of aluminum-mostly from beverage cans-into lower-carbon material for the auto industry. Readers can consult a project report. The Industrial Info Resources GMI Project and Plant databases offer a full list of profiles for the U.S.-based plants that are expected to see the highest expected power consumption from projects under construction, as well as a full list of detailed reports for the specific projects. Key Takeaways * The U.S. Metals & Minerals Industry is consuming plenty of energy to produce materials for data centers and chip-manufacturing plants. * The 11 plants with the highest expected power consumption would account for 744 MW and nearly $20 billion of investment. * The U.S. automotive market remains a top customer for the heavy energy-consuming facilities in the U.S. Metals & Minerals Industry. About Industrial Info Resources Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news, and analysis on the industrial process, manufacturing, and energy-related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified, and verified plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD). Want more IIR news intelligence? Make Industrial Info Resources, Inc. a Preferred Source on Google to see more of Industrial Info Resources, Inc. when you search. Ask Industrial Info Resources, Inc.. Submit a question and one of its experts will be happy to assist you. By submitting this form, you give Industrial Info permission to contact you by email in response to your inquiry. Forecasts & analytical solutions. Where global project and asset data meets advanced analytics for smarter market sizing and forecasting. PECWeb Global Market Intelligence platform. Identify opportunities, anticipate change, and execute with confidence. PECWeb connects the industrial intelligence you need, from projects and assets to operational events, all in one platform.