Nucor, Steel Dynamics fall amid weak Q4 earnings forecast
Shares of steel manufacturer Nucor NUE.N fall nearly 2.4% to $158.4 and Steel Dynamics STLD.O down 2.1% to $166.5, premarket
NUE expects Q4 earnings to decrease across all three operating segments compared with Q3 2025, hurt by seasonal effects and fewer shipping days in Nucor's fiscal quarter
Steel mills and steel products segments are expected to decline due to lower volumes, margin compression and higher average costs per ton - NUE
Co adds raw materials segment projected to see lower earnings, due to two scheduled outages at its DRI facilities
Sees Q4 earnings to be in the range of $1.65 to $1.75 per diluted share
STLD expects Q4 steel operations profitability to be lower than Q3 on lower volumes due to seasonal demand and planned maintenance outages at co's flat rolled steel mills
Sees Q4 earnings to be in the range of $1.65 to $1.69 per diluted share
As of last close, NUE up 39%, STLD up 48.3%, YTD
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