How Nucor Could Gain from Infrastructure Investments
The construction sector, which includes residential as well as non-residential construction, is the largest steel end consumer. Nucor (NUE) expects President Trump’s proposed trillion-dollar infrastructure investment plan could generate an annual incremental demand of 5 million tons of steel over the next ten years. This is a significant number and represents roughly 5% of the current US steel demand (STLD) (MT).