Jim Cramer - Mad Money Nucor Corp. NUE-N BUY Apr 05, 2023

Buy at $160-165. Shares have moved up too fast, but it's the best steel stock. Warning: can be volatile.

The best steel company, but nobody will buy this if we enter a recession. This could go even lower, so wait for a lower price.

Steel tariffs that the U.S. has placed on China are good for Cleveland Cliffs but great for Nucor. Also, Nucor benefit from being a low-costs producer.

With so few steel companies, Nucor and Cleveland Cliffs enjoy scarcity value with enough business to keep pricing up, though Nucor has a much better balance sheet. It reports Monday.

It reports Monday. It grows by acquiring that could buy US Steel.

The country's best steel company. They just reported, but issued worsening guidance, and shares sank.

Shares are plunging with copper prices.

Trump will likely slap tariffs on steel from China, making Nucor a buy.

China, through trans-shipments, is dumping steel through Mexico to pressure steel prices, therefore hurting Nucor. If and when Trump stops this, then NUE shares will rocket.