Nucor increased shipments of steel products by 9% y/y in 1H2026

The figure rose by almost 10% y/y in Q2

In the first half of this year, the American steelmaker Nucor increased the total volume of steel product shipments from its steelworks to 14.15 million short tonnes, a year-on-year increase of 9.3%. This is stated in the company’s report.

In April–June, the figure stood at 7.1 million tonnes, up 0.7% on the previous quarter and 9.7% on the same period in 2025. The average external selling price per metric tonne of steel products in the second quarter of 2026 rose by 10% year-on-year – to $1,367 per short tonne.

At the end of the second quarter, the company’s EBITDA reached $2.02 billion.

“Investments in key sectors of the US economy, combined with favourable federal trade policy, have enabled Nucor to achieve a second consecutive quarterly record for shipment volumes in the steel mills segment,” said Leon Topalian, Chairman and Chief Executive Officer of Nucor.

Nucor forecasts revenue growth in the steel mills and metal products segment in the third quarter, driven by higher prices and strong sales volumes.

It should be noted that, as of 27 July, the company has again raised the spot price (CSP) for hot-rolled coil by $10 per short tonne compared with the previous week. The new offer price stands at $1,145/t. The CSP for the California Steel Industries joint venture has risen by $15 per short tonne this time, to $1,200/t.

As a reminder, by the end of 2025, shipments of steel products from US steelworks had risen by 4.9% compared with 2024, reaching 90.95 million short tonnes.