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Exhibit 99.1 News Release NUCOR® Nucor Reports Record Quarterly Earnings for the First Quarter of 2021 - CHARLOTTE , N.C. – April 22 , 2021 - Nucor Corporation ( NYSE : NUE ) today announced record quarterly consolidated net earnings of $ 942.4 million , or $ 3.10 per diluted share , for the first quarter of 2021. By comparison , Nucor reported consolidated net earnings of $ 398.8 million , or $ 1.30 per diluted share , for the fourth quarter of 2020 and $ 20.3 million , or $ 0.07 per diluted share , for the first quarter of 2020 . “ The first quarter of 2021 was the most profitable quarter in our Company's history . We are clearly reaping the rewards from our prior investments and the more strategic approaches we are taking to our key end - use markets , " said Leon Topalian , Nucor's President and Chief Executive Officer . “ It is gratifying to see such strong performance across all of Nucor . " Mr. Topalian continued , " We expect earnings for the second quarter of 2021 to exceed our first quarter results , setting a new record for quarterly earnings . Most of the end - use markets we serve remain strong and inventories remain lean across supply chains . We believe the current favorable demand environment will continue through the rest of 2021. I want to thank our customers for allowing us the opportunity to earn your business and the more than 26,000 Nucor teammates whose dedication makes extraordinary results like these possible . " Selected Segment Data Earnings ( loss ) before income taxes and noncontrolling interests by segment for the first quarter of 2021 and 2020 were as follows ( in thousands ) : Steel mills Steel products Raw materials Corporate / eliminations Three Months ( 13 Weeks ) Ended April 3 , 2021 April 4 , 2020 $ 1,314,974 $ 156,506 211,812 162,559 223,235 ( 7,911 ) ( 451,775 ) ( 164,857 ) $ 1,298,246 $ 146,297 Financial Review Nucor's consolidated net sales increased 33 % to $ 7.02 billion in the first quarter of 2021 compared with $ 5.26 billion in the fourth quarter of 2020 and increased 25 % compared with $ 5.62 billion in the first quarter of 2020. Average sales price per ton in the first quarter of 2021 increased 21 % compared with the fourth quarter of 2020 and increased 25 % compared with the first quarter of 2020. A total of 7,176,000 tons were shipped to outside customers in the first quarter of 2021 , an 11 % increase from the fourth quarter of 2020 and a slight decrease from the first quarter of 2020. Total steel mill shipments in the first quarter of 2021 increased 13 % as compared to the fourth quarter of 2020 and increased 1 % as compared to the first quarter of 2020. Steel mill shipments to internal customers represented 21 % of total steel mill shipments in the first quarter of 2021 , compared with 19 % in the fourth quarter of 2020 and 20 % in the first quarter of 2020. Downstream steel Page 1 of 8 Nucor Executive Offices : 1915 Rexford Road , Charlotte , North Carolina 28211 Phone 704-366-7000 Fax 704-362-4208 www.nucor.com