Steel/Iron Ore

Arcelor Mittal NY Registry Shares NEW vs Nucor Corporation

WatchlistMT / NUEPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($59B vs $48B) in Nasdaq's "Steel/Iron Ore" industry; SEC SIC 3312 / 3312 (same major group); #1 and #2 by market value ($59B vs $48B) with SEC SIC 3312 (Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Co-movement: daily return correlation, 252 sessions: 0.49 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.83 (needs <= -2.873 (5% critical value))
Business leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

YearMTNUELarger
2025-$32.5B-
2024-$30.7B-
2023-$34.7B-
2022-$41.5B-
2021-$36.5B-
2020-$20.1B-

Market value: MT $47.7B, NUE $59.2B.

Stock leadership

NUE is ahead now

Measured against the pair's own last 252 trading days.

NUE leads MT by 2.19 standard deviations: +22.2% over its usual price ratio. 5 lead switches in the last year.

Price change3 mo6 mo12 mo
MT-10.0%+1.1%+58.0%
NUE+4.2%+21.2%+83.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.49 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.83 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 23.07 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

MT Arcelor Mittal NY Registry Shares NEW NUE Nucor CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100200300Oct 2024Oct 2025Oct 2026MT 247NUE 163
Spread z-score: MT relative to NUE, against the 252 sessions before each day. Above 0: MT ahead; below 0: NUE ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateMT indexNUE indexzAhead
2026-10-22247.35163.08-2.19NUE ahead
2026-10-21260.87167.18-1.90NUE ahead
2026-10-20259.68165.26-1.84NUE ahead
2026-10-19257.46164.77-1.93NUE ahead
2026-10-16259.15161.96-1.68NUE ahead
2026-10-15261.41160.95-1.52NUE ahead
2026-10-14256.84162.48-1.85NUE ahead
2026-10-13260.87160.39-1.54NUE ahead
2026-10-12258.73159.14-1.55NUE ahead
2026-10-09263.50158.20-1.29NUE ahead
2026-10-08251.95155.55-1.62NUE ahead
2026-10-07256.14155.74-1.46NUE ahead
2026-10-06267.94158.66-1.16NUE ahead
2026-10-05266.05158.88-1.26NUE ahead
2026-10-02265.15151.91-0.78NUE ahead
2026-10-01265.35149.13-0.56NUE ahead
2026-09-30274.31147.72-0.06near the usual relationship
2026-09-29279.33149.29+0.04near the usual relationship
2026-09-28287.09154.51-0.04near the usual relationship
2026-09-25290.59156.25-0.03near the usual relationship
2026-09-24293.05156.70+0.04near the usual relationship
2026-09-23295.60156.08+0.19near the usual relationship
2026-09-22303.25155.25+0.55MT ahead
2026-09-21298.15153.19+0.52MT ahead
2026-09-18298.11156.96+0.24near the usual relationship
2026-09-17309.00167.56-0.09near the usual relationship
2026-09-16300.95164.74-0.19near the usual relationship
2026-09-15301.27163.56-0.09near the usual relationship
2026-09-14299.18160.91+0.02near the usual relationship
2026-09-11306.25163.95+0.08near the usual relationship
2026-09-10308.51161.44+0.34near the usual relationship
2026-09-09316.69162.99+0.53MT ahead
2026-09-08317.10162.03+0.62MT ahead
2026-09-04323.63164.98+0.65MT ahead
2026-09-03312.66165.87+0.23near the usual relationship
2026-09-02308.80166.82+0.04near the usual relationship
2026-09-01301.32159.20+0.28near the usual relationship
2026-08-31306.62157.76+0.56MT ahead
2026-08-28305.75158.30+0.51MT ahead
2026-08-27306.74159.49+0.47near the usual relationship
2026-08-26306.33159.76+0.45near the usual relationship
2026-08-25302.59156.44+0.54MT ahead
2026-08-24298.56154.60+0.53MT ahead
2026-08-21296.75153.96+0.52MT ahead
2026-08-20292.27151.97+0.50MT ahead
2026-08-19306.58157.19+0.64MT ahead
2026-08-18295.93166.96-0.27near the usual relationship
2026-08-17303.33172.32-0.33near the usual relationship
2026-08-14303.58169.94-0.18near the usual relationship
2026-08-13300.90172.07-0.38near the usual relationship
2026-08-12304.89171.77-0.23near the usual relationship
2026-08-11302.96171.86-0.29near the usual relationship
2026-08-10303.74173.54-0.35near the usual relationship
2026-08-07301.23172.29-0.35near the usual relationship
2026-08-06300.95171.89-0.33near the usual relationship
2026-08-05309.70173.62-0.15near the usual relationship
2026-08-04309.12173.18-0.13near the usual relationship
2026-08-03295.23165.12-0.11near the usual relationship
2026-07-31288.29162.59-0.18near the usual relationship
2026-07-30285.00162.44-0.26near the usual relationship
2026-07-29270.04161.79-0.70NUE ahead
2026-07-28276.61167.86-0.80NUE ahead
2026-07-27277.56156.64-0.16near the usual relationship
2026-07-24274.89156.45-0.23near the usual relationship
2026-07-23271.76152.40-0.10near the usual relationship
2026-07-22273.28149.08+0.15near the usual relationship
2026-07-21270.45147.37+0.16near the usual relationship
2026-07-20270.65145.82+0.27near the usual relationship
2026-07-17273.12149.53+0.13near the usual relationship
2026-07-16268.72148.93+0.03near the usual relationship
2026-07-15277.97149.69+0.28near the usual relationship
2026-07-14275.34147.98+0.31near the usual relationship
2026-07-13270.94147.24+0.22near the usual relationship
2026-07-10271.60143.69+0.45near the usual relationship
2026-07-09258.78140.47+0.24near the usual relationship
2026-07-08259.80143.25+0.11near the usual relationship
2026-07-07259.56143.72+0.08near the usual relationship
2026-07-06268.60141.51+0.50MT ahead
2026-07-02260.58139.50+0.37near the usual relationship
2026-07-01243.57138.41-0.12near the usual relationship
2026-06-30247.51140.77-0.12near the usual relationship
2026-06-29245.29144.45-0.40near the usual relationship
2026-06-26246.12151.53-0.77NUE ahead
2026-06-25254.09157.29-0.81NUE ahead
2026-06-24252.65152.00-0.57NUE ahead
2026-06-23260.17151.43-0.30near the usual relationship
2026-06-22262.02154.78-0.42near the usual relationship
2026-06-18260.62154.09-0.42near the usual relationship
2026-06-17267.28159.63-0.50NUE ahead
2026-06-16281.05163.73-0.30near the usual relationship
2026-06-15284.46163.88-0.21near the usual relationship
2026-06-12291.04168.32-0.24near the usual relationship
2026-06-11283.97164.88-0.27near the usual relationship
2026-06-10262.27158.30-0.58NUE ahead
2026-06-09272.54160.72-0.39near the usual relationship
2026-06-08276.12160.14-0.25near the usual relationship
2026-06-05276.24160.76-0.28near the usual relationship
2026-06-04294.49165.75+0.00near the usual relationship
2026-06-03293.42162.87+0.11near the usual relationship
2026-06-02294.25163.33+0.11near the usual relationship
2026-06-01288.49158.93+0.17near the usual relationship
2026-05-29285.29157.99+0.13near the usual relationship
2026-05-28285.74157.55+0.16near the usual relationship
2026-05-27281.96155.76+0.15near the usual relationship
2026-05-26281.96151.85+0.35near the usual relationship
2026-05-22271.60146.61+0.34near the usual relationship
2026-05-21263.50143.10+0.29near the usual relationship
2026-05-20259.60142.61+0.20near the usual relationship
2026-05-19243.20140.12-0.19near the usual relationship
2026-05-18254.30143.12+0.00near the usual relationship
2026-05-15247.23143.47-0.25near the usual relationship
2026-05-14262.15147.15+0.02near the usual relationship
2026-05-13264.98146.83+0.13near the usual relationship
2026-05-12254.83145.24-0.10near the usual relationship
2026-05-11256.23146.61-0.13near the usual relationship
2026-05-08254.99143.77-0.01near the usual relationship
2026-05-07251.29143.26-0.09near the usual relationship
2026-05-06259.31148.02-0.10near the usual relationship
2026-05-05239.13146.66-0.68NUE ahead
2026-05-04227.66142.70-0.86NUE ahead
2026-05-01233.66142.85-0.65NUE ahead
2026-04-30235.14142.37-0.58NUE ahead
2026-04-29229.84140.54-0.66NUE ahead
2026-04-28237.98142.26-0.47near the usual relationship
2026-04-27242.62135.87+0.05near the usual relationship
2026-04-24245.42135.42+0.18near the usual relationship
2026-04-23244.72134.57+0.21near the usual relationship
2026-04-22250.88135.40+0.36near the usual relationship
2026-04-21250.47131.48+0.59MT ahead
2026-04-20256.51127.82+1.02MT ahead
2026-04-17255.08123.78+1.24MT ahead
2026-04-16245.70121.24+1.12MT ahead
2026-04-15253.06119.82+1.46MT ahead
2026-04-14255.03120.10+1.52MT ahead
2026-04-13251.71119.86+1.44MT ahead
2026-04-10249.24117.62+1.53MT ahead
2026-04-09246.16116.28+1.53MT ahead
2026-04-08246.77115.12+1.65MT ahead
2026-04-07221.13109.49+1.17MT ahead
2026-04-06219.24107.17+1.29MT ahead
2026-04-02217.51108.99+1.10MT ahead
2026-04-01222.07109.78+1.22MT ahead
2026-03-31213.65106.86+1.13MT ahead
2026-03-30199.30104.11+0.78MT ahead
2026-03-27203.95103.24+1.05MT ahead
2026-03-26209.66104.91+1.15MT ahead
2026-03-25217.34104.38+1.50MT ahead
2026-03-24215.21102.84+1.56MT ahead
2026-03-23212.29101.50+1.57MT ahead
2026-03-20196.30100.21+1.03MT ahead
2026-03-19205.43102.34+1.24MT ahead
2026-03-18211.30101.85+1.53MT ahead
2026-03-17214.39102.43+1.62MT ahead
2026-03-16211.84102.84+1.50MT ahead
2026-03-13208.55103.31+1.34MT ahead
2026-03-12220.30104.70+1.71MT ahead
2026-03-11232.80108.58+1.89MT ahead
2026-03-10233.33107.70+2.01MT ahead
2026-03-09229.47107.10+1.93MT ahead
2026-03-06227.70106.64+1.93MT ahead
2026-03-05236.09108.76+2.10MT ahead
2026-03-04251.38111.27+2.48MT ahead
2026-03-03246.90112.11+2.27MT ahead
2026-03-02265.10114.11+2.79MT ahead
2026-02-27267.82111.78+3.12MT ahead
2026-02-26270.74110.98+3.35MT ahead
2026-02-25275.87110.89+3.60MT ahead
2026-02-24267.94110.69+3.42MT ahead
2026-02-23274.68113.02+3.52MT ahead
2026-02-20267.98113.76+3.28MT ahead
2026-02-19264.90113.78+3.22MT ahead
2026-02-18267.65116.62+3.13MT ahead
2026-02-17264.08116.05+3.10MT ahead
2026-02-13252.82115.79+2.73MT ahead
2026-02-12253.14119.32+2.46MT ahead
2026-02-11273.94122.86+3.01MT ahead
2026-02-10259.31121.33+2.61MT ahead
2026-02-09255.16122.02+2.42MT ahead
2026-02-06251.95121.87+2.31MT ahead
2026-02-05235.27117.86+1.96MT ahead
2026-02-04230.09120.04+1.54MT ahead
2026-02-03232.92117.86+1.85MT ahead
2026-02-02232.26114.36+2.13MT ahead
2026-01-30221.82112.31+1.86MT ahead
2026-01-29229.31113.69+2.08MT ahead
2026-01-28230.33109.44+2.53MT ahead
2026-01-27227.99109.69+2.43MT ahead
2026-01-26220.39112.27+1.88MT ahead
2026-01-23223.18114.79+1.79MT ahead
2026-01-22219.56113.92+1.71MT ahead
2026-01-21210.60113.90+1.31MT ahead
2026-01-20200.70110.27+1.16MT ahead
2026-01-16200.29110.21+1.15MT ahead
2026-01-15198.97110.46+1.07MT ahead
2026-01-14201.56108.88+1.32MT ahead
2026-01-13197.62107.10+1.29MT ahead
2026-01-12196.67104.88+1.44MT ahead
2026-01-09193.05103.49+1.40MT ahead
2026-01-08194.45106.09+1.24MT ahead
2026-01-07196.79104.15+1.52MT ahead
2026-01-06194.45107.02+1.18MT ahead
2026-01-05192.03106.25+1.14MT ahead
2026-01-02194.00107.05+1.17MT ahead
2025-12-31187.30103.08+1.21MT ahead
2025-12-30186.97104.15+1.11MT ahead
2025-12-29187.18104.58+1.09MT ahead
2025-12-26190.09105.13+1.18MT ahead
2025-12-24185.70104.58+1.04MT ahead
2025-12-23185.94103.44+1.15MT ahead
2025-12-22185.29103.80+1.10MT ahead
2025-12-19183.52100.58+1.29MT ahead
2025-12-18184.9699.74+1.44MT ahead
2025-12-17185.82101.55+1.33MT ahead
2025-12-16187.92102.54+1.36MT ahead
2025-12-15189.72102.39+1.46MT ahead
2025-12-12190.01104.34+1.32MT ahead
2025-12-11187.05105.26+1.12MT ahead
2025-12-10184.96103.85+1.14MT ahead
2025-12-09177.8999.94+1.14MT ahead
2025-12-08179.08100.67+1.13MT ahead
2025-12-05173.70100.76+0.89MT ahead
2025-12-04175.22102.72+0.81MT ahead
2025-12-03176.82104.09+0.78MT ahead
2025-12-02179.45101.80+1.06MT ahead
2025-12-01179.20101.55+1.06MT ahead
2025-11-28177.23100.79+1.04MT ahead
2025-11-26177.35100.56+1.07MT ahead
2025-11-25173.5798.74+1.05MT ahead
2025-11-24166.9597.10+0.89MT ahead
2025-11-21163.5496.28+0.81MT ahead
2025-11-20162.1993.02+1.00MT ahead
2025-11-19165.8993.90+1.10MT ahead
2025-11-18161.5393.85+0.92MT ahead
2025-11-17161.4193.95+0.91MT ahead
2025-11-14162.2393.39+0.99MT ahead
2025-11-13164.0092.14+1.16MT ahead
2025-11-12167.3793.77+1.18MT ahead
2025-11-11164.1691.03+1.26MT ahead
2025-11-10162.6490.15+1.26MT ahead
2025-11-07160.9591.20+1.13MT ahead
2025-11-06155.6191.42+0.90MT ahead
2025-11-05153.8091.79+0.80MT ahead
2025-11-04151.7191.18+0.76MT ahead
2025-11-03156.8893.60+0.82MT ahead
2025-10-31156.5694.82+0.73MT ahead
2025-10-30157.3494.63+0.78MT ahead
2025-10-29160.3897.59+0.71MT ahead
2025-10-28163.4696.05+0.94MT ahead
2025-10-27162.7691.10+1.24MT ahead
2025-10-24160.7987.65+1.42MT ahead
2025-10-23159.8887.49+1.40MT ahead
2025-10-22159.5686.36+1.47MT ahead
2025-10-21156.6088.80+1.19MT ahead
2025-10-20159.0286.33+1.46MT ahead
2025-10-17158.1683.28+1.66MT ahead
2025-10-16159.3983.83+1.67MT ahead
2025-10-15157.5086.43+1.43MT ahead
2025-10-14157.5887.53+1.37MT ahead
2025-10-13157.6286.56+1.44MT ahead
2025-10-10152.8284.46+1.42MT ahead
2025-10-09162.4387.32+1.59MT ahead
2025-10-08168.2387.11+1.83MT ahead
2025-10-07158.5385.82+1.58MT ahead
2025-10-06159.9785.69+1.66MT ahead
2025-10-03157.8787.23+1.48MT ahead
2025-10-02156.8487.85+1.41MT ahead
2025-10-01157.3085.56+1.60MT ahead
2025-09-30148.5885.59+1.27MT ahead
2025-09-29150.0286.00+1.31MT ahead
2025-09-26151.8387.29+1.30MT ahead
2025-09-25148.7585.16+1.34MT ahead
2025-09-24147.2386.20+1.21MT ahead
2025-09-23147.7285.48+1.29MT ahead
2025-09-22147.1885.11+1.30MT ahead
2025-09-19145.1784.24+1.29MT ahead
2025-09-18142.9184.87+1.16MT ahead
2025-09-17141.3990.24+0.75MT ahead
2025-09-16142.8790.32+0.81MT ahead
2025-09-15143.9889.47+0.92MT ahead
2025-09-12142.8389.33+0.89MT ahead
2025-09-11144.0690.84+0.84MT ahead
2025-09-10141.3589.66+0.82MT ahead
2025-09-09138.8089.12+0.75MT ahead
2025-09-08140.6191.01+0.71MT ahead
2025-09-05140.6593.06+0.60MT ahead
2025-09-04136.5891.60+0.53MT ahead
2025-09-03134.4491.77+0.43near the usual relationship
2025-09-02133.3392.52+0.35near the usual relationship
2025-08-29137.1193.99+0.42near the usual relationship
2025-08-28136.2594.67+0.35near the usual relationship
2025-08-27135.1095.00+0.29near the usual relationship
2025-08-26137.2493.50+0.47near the usual relationship
2025-08-25139.4294.51+0.50MT ahead
2025-08-22139.7593.48+0.58MT ahead
2025-08-21136.5890.53+0.64MT ahead
2025-08-20139.2990.67+0.74MT ahead
2025-08-19141.8492.21+0.76MT ahead
2025-08-18141.4791.41+0.80MT ahead
2025-08-15138.0291.89+0.64MT ahead
2025-08-14139.3891.22+0.74MT ahead
2025-08-13139.6692.16+0.70MT ahead
2025-08-12137.1189.38+0.77MT ahead
2025-08-11135.7287.03+0.87MT ahead
2025-08-08138.1087.83+0.91MT ahead
2025-08-07133.0087.08+0.77MT ahead
2025-08-06130.1787.54+0.64MT ahead
2025-08-05127.5888.13+0.50MT ahead
2025-08-04124.9186.56+0.49near the usual relationship
2025-08-01127.2187.63+0.53MT ahead
2025-07-31130.0090.41+0.49near the usual relationship
2025-07-30133.4290.34+0.63MT ahead
2025-07-29135.5988.88+0.80MT ahead
2025-07-28136.0091.33+0.68MT ahead
2025-07-25138.3192.16+0.73MT ahead
2025-07-24138.0689.38+0.88MT ahead
2025-07-23142.9591.63+0.93MT ahead
2025-07-22140.7390.86+0.90MT ahead
2025-07-21138.2789.83+0.88MT ahead
2025-07-18133.4688.87+0.77MT ahead
2025-07-17133.9988.95+0.79MT ahead
2025-07-16134.6187.08+0.92MT ahead
2025-07-15136.2187.45+0.96MT ahead
2025-07-14139.2189.47+0.97MT ahead
2025-07-11141.6489.99+1.03MT ahead
2025-07-10141.4390.56+1.00MT ahead
2025-07-09137.8188.28+1.00MT ahead
2025-07-08135.2288.30+0.92MT ahead
2025-07-07132.8486.55+0.94MT ahead
2025-07-03134.1687.13+0.96MT ahead
2025-07-02135.8487.75+0.99MT ahead
2025-07-01128.3284.75+0.90MT ahead
2025-06-30129.8081.86+1.12MT ahead
2025-06-27128.4883.06+1.01MT ahead
2025-06-26130.0982.54+1.11MT ahead
2025-06-25127.4681.02+1.11MT ahead
2025-06-24127.3381.02+1.12MT ahead
2025-06-23125.5779.62+1.14MT ahead
2025-06-20123.1878.55+1.12MT ahead
2025-06-18126.1079.74+1.17MT ahead
2025-06-17124.3777.22+1.27MT ahead
2025-06-16127.3776.89+1.41MT ahead
2025-06-13123.8477.05+1.28MT ahead
2025-06-12125.7374.85+1.51MT ahead
2025-06-11126.2674.02+1.59MT ahead
2025-06-10125.7378.79+1.29MT ahead
2025-06-09124.8777.43+1.35MT ahead
2025-06-06123.7676.83+1.35MT ahead
2025-06-05125.5775.04+1.55MT ahead
2025-06-04124.6677.01+1.40MT ahead
2025-06-03123.8077.30+1.36MT ahead
2025-06-02125.8576.09+1.54MT ahead
2025-05-30125.6969.11+2.02MT ahead
2025-05-29125.4868.84+2.06MT ahead
2025-05-28125.7768.78+2.10MT ahead
2025-05-27128.5269.12+2.21MT ahead
2025-05-23124.7868.56+2.13MT ahead
2025-05-22123.1469.95+1.99MT ahead
2025-05-21126.7670.60+2.11MT ahead
2025-05-20127.9972.67+2.04MT ahead
2025-05-19128.2073.19+2.04MT ahead
2025-05-16126.2273.41+1.96MT ahead
2025-05-15127.5472.97+2.07MT ahead
2025-05-14128.9474.00+2.08MT ahead
2025-05-13129.2675.18+2.04MT ahead
2025-05-12128.2475.91+1.97MT ahead
2025-05-09124.4172.81+2.05MT ahead
2025-05-08122.5272.98+1.98MT ahead
2025-05-07122.8972.77+2.04MT ahead
2025-05-06123.5973.84+2.01MT ahead
2025-05-05124.6676.14+1.92MT ahead
2025-05-02125.9477.71+1.88MT ahead
2025-05-01122.0775.66+1.88MT ahead
2025-04-30122.0375.44+1.91MT ahead
2025-04-29124.0975.06+2.06MT ahead
2025-04-28124.3773.67+2.20MT ahead
2025-04-25121.5873.13+2.14MT ahead
2025-04-24120.8872.86+2.16MT ahead
2025-04-23118.7470.73+2.25MT ahead
2025-04-22114.1469.27+2.17MT ahead
2025-04-21109.1267.41+2.09MT ahead
2025-04-17111.9269.83+2.05MT ahead
2025-04-16110.6568.85+2.09MT ahead
2025-04-15110.6069.82+2.03MT ahead
2025-04-14109.8670.03+1.99MT ahead
2025-04-11110.4070.30+2.02MT ahead
2025-04-10104.7369.16+1.83MT ahead
2025-04-09110.8572.99+1.86MT ahead
2025-04-0896.4765.52+1.69MT ahead
2025-04-0799.9666.34+1.85MT ahead
2025-04-04101.6965.23+2.08MT ahead
2025-04-03110.7769.38+2.25MT ahead
2025-04-02119.4877.75+2.04MT ahead
2025-04-01119.1575.62+2.23MT ahead
2025-03-31118.5876.05+2.19MT ahead
2025-03-28118.2977.07+2.12MT ahead
2025-03-27122.1580.55+2.07MT ahead
2025-03-26126.4780.45+2.32MT ahead
2025-03-25129.6880.61+2.51MT ahead
2025-03-24130.6680.51+2.61MT ahead
2025-03-21129.8077.10+2.90MT ahead
2025-03-20131.5281.84+2.64MT ahead
2025-03-19135.8882.82+2.83MT ahead
2025-03-18133.6682.03+2.83MT ahead
2025-03-17131.6981.84+2.80MT ahead
2025-03-14132.4383.47+2.76MT ahead
2025-03-13126.6381.88+2.62MT ahead
2025-03-12125.4482.70+2.53MT ahead
2025-03-11131.7782.09+2.99MT ahead
2025-03-10129.3580.07+3.10MT ahead
2025-03-07136.2584.50+3.15MT ahead
2025-03-06139.4683.41+3.51MT ahead
2025-03-05138.4783.73+3.52MT ahead
2025-03-04124.3781.84+2.92MT ahead
2025-03-03121.1784.73+2.48MT ahead
2025-02-28114.0286.87+1.81MT ahead
2025-02-27116.6585.19+2.18MT ahead
2025-02-26119.1185.04+2.39MT ahead
2025-02-25114.7186.00+2.02MT ahead
2025-02-24114.3486.06+2.02MT ahead
2025-02-21114.2685.46+2.09MT ahead
2025-02-20115.0888.44+1.89MT ahead
2025-02-19115.5888.33+1.96MT ahead
2025-02-18118.7490.07+2.05MT ahead
2025-02-14117.4387.06+2.27MT ahead
2025-02-13118.0085.66+2.49MT ahead
2025-02-12119.2884.40+2.77MT ahead
2025-02-11112.4987.28+1.99MT ahead
2025-02-10115.5886.91+2.29MT ahead
2025-02-07114.4382.32+2.74MT ahead
2025-02-06116.4484.18+2.75MT ahead
2025-02-05104.7384.19+1.80MT ahead
2025-02-04103.1282.67+1.84MT ahead
2025-02-03100.0482.98+1.54MT ahead
2025-01-31101.5681.16+1.91MT ahead
2025-01-30103.7081.32+2.11MT ahead
2025-01-29101.5280.18+2.07MT ahead
2025-01-28101.8579.97+2.15MT ahead
2025-01-27102.6777.08+2.63MT ahead
2025-01-24102.3477.21+2.63MT ahead
2025-01-2398.6477.14+2.31MT ahead
2025-01-2295.7377.15+2.03MT ahead
2025-01-2198.3679.04+2.08MT ahead
2025-01-1795.6078.70+1.86MT ahead
2025-01-1695.2777.96+1.94MT ahead
2025-01-1595.4877.78+2.01MT ahead
2025-01-1492.2376.94+1.78MT ahead
2025-01-1391.6277.65+1.63MT ahead
2025-01-1090.6774.67+1.95MT ahead
2025-01-0889.6874.68+1.85MT ahead
2025-01-0790.2276.64+1.65MT ahead
2025-01-0690.5576.23+1.77MT ahead
2025-01-0391.2072.96+2.35MT ahead
2025-01-0293.9672.35+2.81MT ahead
2024-12-3195.0773.76+2.78MT ahead
2024-12-3094.2573.22+2.81MT ahead
2024-12-2795.1174.12+2.83MT ahead
2024-12-2695.4874.97+2.79MT ahead
2024-12-2495.5674.21+2.98MT ahead
2024-12-2394.8673.69+3.03MT ahead
2024-12-2095.2773.67+3.16MT ahead
2024-12-1995.2373.17+3.31MT ahead
2024-12-1895.4074.54+3.17MT ahead
2024-12-1798.5276.45+3.34MT ahead
2024-12-16100.8278.46+3.39MT ahead
2024-12-13101.5679.15+3.46MT ahead
2024-12-12104.2383.04+3.23MT ahead
2024-12-11106.2187.49+2.82MT ahead
2024-12-10106.3388.83+2.66MT ahead
2024-12-09105.8091.37+2.22MT ahead
2024-12-06103.9590.10+2.19MT ahead
2024-12-05104.2791.99+1.96MT ahead
2024-12-04101.8194.36+1.24MT ahead
2024-12-03103.7497.94+0.97MT ahead
2024-12-02104.8998.82+1.01MT ahead
2024-11-29103.9097.76+1.04MT ahead
2024-11-27100.9597.81+0.61MT ahead
2024-11-2698.4097.32+0.30near the usual relationship
2024-11-25102.1896.97+0.92MT ahead
2024-11-22103.2196.01+1.22MT ahead
2024-11-21103.9594.79+1.53MT ahead
2024-11-20103.0893.64+1.61MT ahead
2024-11-19104.7391.43+2.23MT ahead
2024-11-18105.0693.05+2.04MT ahead
2024-11-15103.8692.95+1.90MT ahead
2024-11-14100.6692.51+1.51MT ahead
2024-11-1397.7096.18+0.44near the usual relationship
2024-11-12100.0497.25+0.65MT ahead
2024-11-11105.18100.52+0.92MT ahead
2024-11-08107.23100.38+1.25MT ahead
2024-11-07108.96101.85+1.28MT ahead
2024-11-06104.48106.00+0.00near the usual relationship
2024-11-05103.4991.39+2.19MT ahead
2024-11-04101.9790.12+2.21MT ahead
2024-11-01101.0390.72+1.98MT ahead
2024-10-31101.1989.64+2.23MT ahead
2024-10-30100.9990.18+2.13MT ahead
2024-10-29102.0193.02+1.81MT ahead
2024-10-28102.5193.36+1.85MT ahead
2024-10-2598.7389.40+1.96MT ahead
2024-10-2497.9989.32+1.87MT ahead
2024-10-2396.6389.52+1.61MT ahead
2024-10-2298.8192.28+1.49MT ahead
2024-10-2198.0798.65+0.23near the usual relationship
2024-10-18100.00100.00+0.33near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Oct 22, 2024 (MT +0.8%, NUE -6.5%); Nov 6, 2024 (MT +0.9%, NUE +16.0%); Nov 7, 2024 (MT +4.3%, NUE -3.9%); Feb 6, 2025 (MT +11.2%, NUE -0.0%); Feb 12, 2025 (MT +6.0%, NUE -3.3%). Upcoming earnings: NUE Oct 26, 2026 (after-hours); MT Nov 5, 2026 (pre-market).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

2 simulated trades to Oct 20, 2026: +1.19% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long MT · Short NUEJul 5, 2023Oct 31, 2023divergence stop118-$832.88-$74.93-$957.05 (-9.57%)
Long MT · Short NUEJul 23, 2018Sep 21, 2018converged60$1,316.28-$74.06$1,194.48 (+11.95%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

MT and NUE at a glance

MT Arcelor Mittal NY Registry Shares NEW

Listing
NYSE · SEC CIK 1243429
Industry
Steel/Iron Ore · SIC 3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market value
$47.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

NUE Nucor Corporation

Listing
NYSE · SEC CIK 73309
Industry
Steel/Iron Ore · SIC 3312 Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market value
$59.2B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
NUE / STLDWatchlistNUE by 1.88 sdSteel/Iron Ore
MT / STLDWatchlistSTLD by 1.23 sdSteel/Iron Ore

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.