Vance Declares Industrial Renaissance at Nucor Steel, Stocks Rise 6%

Vice President JD Vance visited Nucor Steel in Huger, South Carolina, marking the Trump administration's first 100 days in office. During his visit, Vance declared the commencement of an "industrial renaissance" in the United States, attributing this development partly to President Donald Trump's initiatives to bolster domestic industry. Vance's speech emphasized the significance of American manufacturing, stating, "I believe that a golden age of American manufacturing started 100 days ago, and we're building it right here at Nucor Steel in South Carolina." He expressed pride in the products manufactured at Nucor Steel, asserting that they are essential for the functioning of American society and the improvement of citizens' lives.

The visit to Nucor Steel was part of a broader effort by the administration to highlight its economic achievements. Vance's remarks were met with enthusiasm from the company's leadership, who have supported Trump's tariff policies. These policies, while controversial, have been seen as beneficial for the steel industry, with Nucor's stock experiencing a 6% increase following the announcement of new tariffs on imported steel. The company's CEO, Leon Topalian, noted an increase in the backlog of orders, indicating a positive economic outlook.

Vance's trip to South Carolina was his first to the state, which holds significant political importance. The state's support for Trump in the 2016 primary and his continued popularity there underscore its role in national politics. Vance acknowledged the presence of key Republican figures, including Lt. Gov. Pam Evette and Rep. Nancy Mace, both of whom are expected to run for the GOP gubernatorial nomination in the upcoming year.

During his speech, Vance also addressed the administration's commitment to "energy dominance," emphasizing the need for a balance between increasing domestic manufacturing and environmental protection. He highlighted the administration's focus on drilling, stating, "We have started drill, baby, drilling. It means cheaper gas, and it means an America that is self-reliant." This stance is in line with Trump's previous actions, such as the memorandum signed in 2020 to prohibit drilling off the coasts of Florida, Georgia, and South Carolina until 2032, and the recent directive to undo Biden's ban on future offshore oil drilling.

Vance's visit to Nucor Steel underscores the administration's focus on revitalizing American manufacturing and energy independence. The event served as a platform to celebrate the achievements of the first 100 days and to reiterate the administration's commitment to domestic industry and environmental stewardship. The visit also highlighted the political significance of South Carolina, a state that has been pivotal in Trump's political career and continues to play a crucial role in national politics.