Top 15 Commodity Producers With the Highest Upside Potential

7. Nucor Corporation (NYSE:NUE)

Analysts’ Upside Potential as of May 01: 34.80%

Nucor Corporation (NYSE:NUE) is a steel product manufacturer and one of the Best Commodity Stocks. The company’s reportable segments include steel mills, steel products, and raw materials. The steel mills segment, which produces structural steel (wide-flange beams, beam blanks, H-piling, and sheet piling), plate steel, sheet steel (hot-rolled, cold-rolled, and galvanized), and bar steel products, accounts for the majority of its revenue. The firm uses electric arc furnaces, continuous casting, and automated rolling mills to produce steel, mostly from scrap steel and scrap steel alternatives. The primary customers of the steel mills segment are manufacturers, fabricators, and steel service centers in the US, Canada, and Mexico.

In the first quarter of 2025, Nucor Corporation (NYSE:NUE)’s backlog grew significantly, with steel mill segments up more than 30% and steel products up almost 25%, showing solid demand going forward. To support its long-term growth strategy, the company reinvested close to $860 million in capital projects, some of which are projected to begin operations within the next two years. A positive earnings projection was given by the firm, which predicted much greater earnings in the second quarter due to stable shipment volumes and better realized pricing.

It is anticipated that the effective execution of trade policies, such as the extension and reinstatement of Section 232 tariffs and provisional anti-dumping charges, will directly benefit Nucor Corporation (NYSE:NUE) and support the country’s steel industry. The company has also built solid platforms in sectors like overhead doors and racking, expanding into high-growth markets through acquisitions and organic investments. These developments are anticipated to contribute to significant EBITDA growth in the years to come.