Nucor sees broad end-market demand, stronger 2027

Nucor expects steel mill shipments to grow closer to the upper end of its 5-10% range in 2026, President and COO Steve Laxton said on the company’s third-quarter earnings call on Tuesday. He cited demand from infrastructure, reshoring, digital infrastructure, and energy investment as demand drivers.

Among the main drivers, Laxton pointed to infrastructure projects, reshoring, digital infrastructure, and energy investments as sources of demand. He said more than $135 billion in infrastructure funding remained unspent as of August, while utilities planned nearly $1.4 trillion in spending over the next five years.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.