Nucor Corporation (NUE)'s Former CEO Told Me About Steel Dumping, Says Jim Cramer

We recently published a list of Jim Cramer Finds Elon Musk’s Grok AI Creepy & Discusses These 12 Stocks. In this article, we are going to take a look at where Nucor Corporation (NYSE:NUE) stands against other stocks that Jim Cramer discussed.

Nucor Corporation (NYSE:NUE) is another frequent steel stock discussed by Jim Cramer. It is the biggest steel company in America and the shares are up by 6.7% year-to-date. While Nucor Corporation (NYSE:NUE)'s shares sank by 16% in April after the Liberation Day tariff announcements, they jumped by 10% in June. The stock rose after the firm's domestic exposure as a sizable player in the steel industry aided it after President Trump announced 50% steel tariffs and implemented the new tariffs on June 4th. Cramer's previous remarks about Nucor Corporation (NYSE:NUE)  have asserted that the firm has suffered due to cheap Chinese steel flooding the US market. This time around, he reasserted the claim:

"Well I think that I wanted it [CLF] to win because I have been very suspicious of Nippon Steel which has had a history I believe of dumping in our country. And that is I'm getting that Dan DiMicco, the former CEO of Nucor who has continually told me the kind of dumping that we've seen around the world."

In his previous comments about Nucor Corporation (NYSE:NUE), Cramer commented:

“I think Navarro would have said, look, we have got to stop whatever China is doing. We have to put a tariff on China. But we also have to stop steel coming from Mexico in particular because they’re sneaking their, the Chinese are sneaking their steel in. That’s what it’s about. That’s why Nucor goes higher. Yeah. Buy some Nucor.

“. . . .I think Nucor’s good. I talked with Nucor last week. Anything that makes it so that, that we don’t have Mexican steel, there is no Mexican steel to speak of, it’s Chinese steel through Mexico. That’s what they do. That’s what they do.”

Overall, NUE ranks 6th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.