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    NUE   US6703461052

NUCOR

(NUE)
  Report
Delayed Nyse  -  05/27 04:00:01 pm EDT
137.74 USD   +3.51%
05/25NUCOR CORP Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K/A)
AQ
05/23NUCOR CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)
AQ
05/17BMO Capital Adjusts Nucor Price Target to $128 From $168, Maintains Market Perform Rating
MT
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Nucor to Buy Majority Stake in California Steel

12/13/2021 | 08:07am EDT

By Matt Grossman

Nucor Corp. has reached deals to buy a majority stake in California Steel Industries Inc.

Nucor said Monday it will amass the position by buying a 50% equity interest in California Steel from a subsidiary of Vale S.A., plus a 1% equity stake from JFE Steel Corp.

California Steel Industries will be a joint venture between Nucor and JFE when the deal is completed.

Nucor said it will pay $400 million in cash to Vale for the 50% stake.

The deal will give Nucor a strong presence on the West Coast and expand its geographic reach, Nucor Chief Executive Leon Topalian.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

12-13-21 0807ET

Stocks mentioned in the article
ChangeLast1st jan.
JFE HOLDINGS, INC. 1.83% 1556 Delayed Quote.4.16%
JFE SYSTEMS, INC. 2.04% 2199 Delayed Quote.-6.02%
NUCOR 3.51% 137.74 Delayed Quote.16.57%
VALE S.A. 1.74% 85.72 Delayed Quote.8.13%
All news about NUCOR
05/25NUCOR CORP Change in Directors or Principal Officers, Financial Statements and Exhibit..
AQ
05/23NUCOR CORP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob..
AQ
05/17BMO Capital Adjusts Nucor Price Target to $128 From $168, Maintains Market Perform Rati..
MT
05/16NUCOR CORP : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financi..
AQ
05/16NUCOR CORP : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
05/16Nucor Agrees to Buy C.H.I. Overhead Doors in $3 Billion Deal -- Shares Drop
MT
05/16GLOBAL MARKETS LIVE : Pfizer, Tesla, Holcim, Novartis, Ford...
05/16WALL STREET STOCK EXCHANGE : China added to the list of investors' fears
05/16TRANSCRIPT : C.H.I. Overhead Doors, Inc., Nucor Corporation - M&A Call
CI
05/16Nucor Agrees to Buy C.H.I. Overhead Doors in $3 Billion Deal
MT
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Analyst Recommendations on NUCOR
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Financials (USD)
Sales 2022 43 070 M - -
Net income 2022 7 242 M - -
Net cash 2022 2 557 M - -
P/E ratio 2022 5,45x
Yield 2022 1,45%
Capitalization 36 647 M 36 647 M -
EV / Sales 2022 0,79x
EV / Sales 2023 0,96x
Nbr of Employees 28 800
Free-Float 99,5%
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Technical analysis trends NUCOR
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 137,74 $
Average target price 148,36 $
Spread / Average Target 7,71%
EPS Revisions
Managers and Directors
Leon J. Topalian President, Chief Executive Officer & Director
Stephen D. Laxton General Manager-Business Development
John H. Walker Non-Executive Chairman
David A. Sumoski Chief Operating Officer
Christopher J. Kearney Independent Director
Sector and Competitors
1st jan.Capi. (M$)
NUCOR16.57%35 405
ARCELORMITTAL4.78%27 767
POSCO HOLDINGS INC.7.10%17 570
TATA STEEL LIMITED-6.13%16 548
STEEL DYNAMICS, INC.35.96%15 924
NIPPON STEEL CORPORATION13.71%15 446