Business Segments · Cost of Goods Sold
Steel Mills — Cost of Goods Sold
Nucor Steel Mills — Cost of Goods Sold increased by 18.5% to $6.32B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.1%, from $5.74B to $6.32B. Over 3 years (FY 2022 to FY 2025), Steel Mills — Cost of Goods Sold shows relatively stable performance with a -0.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026
Rolls up toTotal Cost of Revenue
How to read this metric
Lower costs relative to revenue indicate improved operational efficiency and higher margins.
Detailed definition
This reflects the direct costs associated with producing steel products, including raw materials, labor, and manufacturi...
Peer comparison
Standard cost of sales metric for industrial segments across the global steel industry.
Metric ID:
nue_segment_steel_mills_cost_of_goods_and_services_soldHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.69B | $5.69B | $5.69B | $5.69B | $5.28B | $5.28B | $5.28B | $5.28B | $5.30B | $5.37B | $5.12B | $4.98B | $5.74B | $5.73B | $5.78B | $5.33B | $6.32B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -7.2% | +0.0% | +0.0% | +0.0% | +0.4% | +1.3% | -4.7% | -2.7% | +15.3% | -0.3% | +0.9% | -7.7% | +18.5% |
| YoY Change | — | — | — | — | -7.2% | -7.2% | -7.2% | -7.2% | +0.4% | +1.7% | -3.0% | -5.7% | +8.4% | +6.7% | +12.9% | +7.1% | +10.1% |
Range$4.98B – $6.32B
CAGR+2.7%
Avg YoY Growth+0.7%
Median YoY Growth+0.4%
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Frequently Asked Questions
- What is Nucor's steel mills — cost of goods sold?
- Nucor (NUE) reported steel mills — cost of goods sold of $6.32B in Q1 2026.
- How has Nucor's steel mills — cost of goods sold changed year-over-year?
- Nucor's steel mills — cost of goods sold increased by 10.1% year-over-year, from $5.74B to $6.32B.
- What is the long-term trend for Nucor's steel mills — cost of goods sold?
- Over 3 years (2022 to 2025), Nucor's steel mills — cost of goods sold has grown at a -0.3% compound annual growth rate (CAGR), from $22.76B to $22.58B.
- What does steel mills — cost of goods sold mean?
- The direct costs incurred to manufacture the steel products sold by the segment.