NUE · 10-Q · 2026Q4 · Full report

Manufacturing and Capacity

NUCOR CORP · 2026-11-10 · Importance 21 · Surprise 32 · From source text

Average utilization in the first nine months of 2026 was approximately 89% at operating steel mills, 66% in steel products and 76% in raw materials, compared with 83%, 62% and 72%, respectively, in the year-earlier period. Nucor’s West Virginia sheet mill was nearing completion and accounted for most of the quarter’s start-up costs; the company also cited start-up costs for the Indiana sheet-mill coating complex. The company was constructing two manufacturing locations to expand Nucor Towers & Structures and a galvanizing line at its South Carolina sheet mill.

Key facts

• Pre-operating and start-up costs were approximately $352 million in the first nine months of 2026, down from approximately $408 million in the first nine months of 2025; 2026 costs primarily included the West Virginia sheet mill and Indiana sheet mill coating complex. source
• Pre-operating and start-up costs were approximately $124 million in Q3 2026 and $103 million in Q3 2025; Q3 2026 costs primarily related to the West Virginia sheet mill. source
• Average utilization rates in the first nine months of 2026 were approximately 89% for steel mills, 66% for steel products and 76% for raw materials, compared with 83%, 62% and 72%, respectively, in the first nine months of 2025. source

Impact estimates