On September 29, Nucor declined 3.11% in regular trading, trading at $236.89 per share, with turnover of approximately $97.54 million.

On the news front, Nucor previously issued its third-quarter earnings guidance, projecting EPS of $5.55 to $5.65 per diluted share. While this represents a significant year-over-year increase from $2.63 in the same period last year, it fell short of the analyst consensus estimate of $6.01 per share polled by FactSet. Following the guidance release, Wells Fargo lowered its price target on Nucor from $285 to $280, while Goldman Sachs trimmed its target to $302 from $304, maintaining a Buy rating. The downward revisions reflect a recalibration of near-term profit expectations.

The decline was amplified by broad-based weakness across the Steel and Iron sector. Steel Dynamics fell 3.13%, ArcelorMittal dropped 3.02%, Gerdau SA slid 2.62%, and Vale SA declined 2.46%, underscoring a sector-wide downdraft that intensified selling pressure on Nucor shares.

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