Nucor (NUE) Risk Factor Changes

Certain of our businesses and investments are located outside of the United States, in Canada, Mexico and in emerging markets.

The federal government and numerous states are considering establishing, or have already established, requirements for Environmental Product Declarations (“EPDs”) so that consumers may more readily evaluate the enviro…

Emerging customer preferences for greater product transparency and less GHG intensive materials may put us at a competitive disadvantage as a carbon steel producer.

As a carbon steel producer, Nucor could be increasingly affected both directly and indirectly by new or changing carbon policy decisions and mandates.

orders for our products prior to purchasing necessary raw materials, we may be unable to raise the price of our products to cover all or part of the increased cost of the raw materials or pass along increased transpor…

Our business requires substantial expenditures for routine maintenance and to remain competitive.

Demand for most of our products is cyclical in nature and sensitive to general economic conditions.

Global steel production overcapacity continues to be an ongoing risk to Nucor and the entire steel industry.

Demand for most of our products is cyclical in nature and sensitive to general economic conditions.

Most recently, on February 10, 2025, President Trump issued an executive order reimposing Section 232 25% tariffs on steel imports from all sources, ending country and product exemptions, and broadening the applicatio…

In 2018, a 25% tariff or quota limits were imposed under the first Trump Administration under Section 232 of the Trade Expansion Act on all imported steel products for an indefinite period of time.

our international businesses profitably and therefore have a negative impact on our results of operations and financial condition.

has the potential to put Nucor and its customers at a disadvantage to foreign competitors unless standardized mechanisms are used to fully evaluate and track products produced by foreign producers.

If our suppliers increase the prices of our critical raw materials, we may not have alternative sources of supply.

After recent years of weakened effectiveness due to country exemptions and product exclusions, steel tariffs first imposed in 2018 under Section 232 of the Trade Expansion Act were fully reinstated in 2025 without exc…