Nucor increased shipments of steel products by 9% y/y in Q1

In Q1 2026, the American steel company Nucor increased total shipments of steel products from its steel mills to 7.028 million tons, a 9% increase year-on-year. This is stated in the company’s report.

Compared to the previous quarter, the figure rose by 19%.

The utilization rate of the company’s steel mills for the period rose to 86% compared to 80% in the same period of 2025.

The average external selling price per ton of steel products in the first quarter of 2026 increased by 14% year-on-year – to $1,074 per ton.

As Leon Topalian, Chairman and CEO of Nucor, noted, the company has had a strong start to the year, and the steel mills segment achieved a new quarterly record for shipments.

“All three of our operating segments reported consistent earnings growth, driven by strong demand in key end markets, the growing contribution of recent capital investments, and federal trade policies that continue to reduce the flow of unfair imports into the U.S.,” he added.

The company’s revenue for the first quarter was $9.5 billion, compared to $7.83 billion a year earlier.

Meanwhile, effective April 27, Nucor again raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $10 per short ton compared to the previous week — the new offer price is $1,065/ton. The spot consumer price for Nucor’s joint venture on the West Coast — California Steel Industries (CSI) — also rose by $10, with the new price set at $1,115 per short ton.

As a reminder, in 2025, shipments of steel products from U.S. steel mills increased by 4.9% compared to 2024, reaching 90.95 million short tons.