January 29, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Steelmaker Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) is optimistic about market conditions in the coming year, despite a difficult fourth quarter that saw weak selling prices eat away at earnings and revenues. One profitable area was recycled steel, which the company aims to expand in coming years. Industrial Info is tracking more than $7.7 billion worth of active and planned projects from Nucor, nearly 60% of which is attributed to new site construction. Steel demand softened in 2024, as distributors wrestled with rising inventories by cutting back on orders from manufacturers. Other companies featured: Technip Energies and Exxon Mobil Corporation (NYSE:XOM)
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