Long Products
October 15, 2026
Written by Ethan Bernard
| Fourth quarter ended Aug. 31 | 2026 | 2025 | % Change |
|---|---|---|---|
| Net sales | $2,658.3 | $2,114.5 | 25.7% |
| Net earnings (loss) | $212.5 | $151.8 | 40.0% |
| Per diluted share | $1.91 | $1.35 | 41.5% |
| Twelve months ended Aug. 31 | |||
| Net sales | $9,393.9 | $7,798.5 | 20.5% |
| Net earnings (loss) | $655.8 | $84.7 | 674.7% |
| Per diluted share | $5.86 | $0.74 | 691.9% |
Nucor and Gerdau have announced price increases for merchant bar quality (MBQ) products. The Nucor Bar Mill Group informed customers on Oct. 8 that it was raising prices on all MBQ products by $30 per short ton (st). The move is effective for new orders received after the close of business on Oct. 8. “All confirmed orders as of the close of business on October 8th, 2026 will be price-protected if shipped by end of business day, October 22th, 2026,” Nucor noted in a letter to customers.
Steel imports into the US crept higher in August and continued climbing in September, according to the Department of Commerce's latest import license data. August imports rose 3.4% from July to a 15-month high. September license data collected through Oct. 5 shows another 6.2% month-on-month increase. Imports continue to recover from some of the lowest levels since 2020, seen late last year through February this year.
Canton, Ohio-based specialty metals manufacturer Metallus has been awarded a contract valued at up to $995 million by the US Defense Logistics Agency (DLA), part of the Department of War.
US steel industry groups representing most of domestic steel production are urging the Trump administration to tighten trade measures on steel imports from South Korea. They are seeking a South Korea-specific tariff-rate quota (TRQ) and an investigation into a reported import surge.