Steel Mills

Nucor sees sequentially lower Q3 profits across all three business segments

Written by Ethan Bernard

September 17, 2025

Nucor’s third-quarter earnings will be down quarter-over-quarter, but still higher than a year earlier.

The Charlotte, N.C.-based steelmaker anticipates lower sequential earnings across all three of its operating segments.

The company reported Q3’25 earnings guidance on Wednesday to be in the range of $2.05 to $2.15 per diluted share. That’s down from $2.60 in Q2’25 but up from $1.05 in the same year-ago period.

For the steel mills segment, Nucor cited lower volumes coupled with margin compression as the main drivers of lower profits.

“Higher average costs per ton on stable average realized pricing and volumes” impacted the steel products segment, the company said in a statement.

Finally, the raw materials segment is expected to have lower earnings due to decreased profitability in its scrap processing operations.

Nucor will release its Q3’25 earnings after markets close on Monday, Oct. 27. An earnings conference call is scheduled for the next day.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA. in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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