Nucor Corp Experiences Surge Amid Tariff Announcements

On June 2, 2025, Nucor Corp, a leading American steel manufacturer, saw its stock price surge by 13.86%, reaching $109.58. This significant increase positions Nucor as one of the top performers in the stock market on this day. The company, which operates in the Metals & Mining sector and is listed on the New York Stock Exchange, specializes in a wide range of steel products, including carbon and alloy steel, steel joints, and metal building systems.

The primary driver behind Nucor’s stock surge is the announcement of a 50% tariff on steel and aluminum imports by former President Trump. This policy move has led to Nucor leading the S&P 500, as reported by multiple financial news sources, including Investors.com and Yahoo Finance. The tariffs are expected to benefit domestic steel producers by reducing foreign competition, thereby potentially increasing demand for Nucor’s products.

In addition to the tariff news, Nucor has received a positive upgrade from BMO Capital. The investment bank has raised its stock rating and increased the price target to $145, citing a compelling valuation and potential upside from the tariffs. This upgrade has further fueled investor confidence in Nucor’s stock.

Despite broader market concerns, such as U.S.-China tensions affecting Dow Jones futures, Nucor has emerged as an early mover in the market. Alongside other steel companies like Cleveland-Cliffs and Steel Dynamics, Nucor has experienced a premarket rise, while Tesla has seen a decline.

Nucor’s market capitalization stands at $25.54 billion, with a price-to-earnings ratio of 19.53. The company’s stock has fluctuated over the past year, reaching a 52-week high of $170.52 on November 5, 2024, and a low of $97.59 on April 6, 2025. As of the close on May 29, 2025, the stock was priced at $109.36.

Overall, the combination of favorable tariff policies and positive analyst upgrades has contributed to Nucor’s strong performance in the stock market on June 2, 2025.