Nucor Corporation manufactures steel and steel products. The company also produces direct reduced iron (DRI) for use in its steel mills. Through The David J. Joseph Company and its affiliates (DJJ), the company also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. The company is a recycler, using scrap steel as the primary raw material in producing steel and steel products. In 2013, the company recycled approximately 19.2 million tons of scrap steel. Strategy The company’s strategy includes the following elements: optimizing and continually improving its existing operations; executing on its raw materials strategy; growing through developing greenfield projects that capitalize on new technologies and unique marketplace opportunities; acquiring other companies; and growing internationally with an emphasis on leveraging strategic partnerships and new technologies. Segments The company operates in three segments: Steel Mills, Steel Products, and Raw Materials. In the Steel Mills segment, the company produces and distributes sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling) and bar steel (blooms, billets, concrete reinforcing bar, merchant bar and special bar quality (SBQ)). The company manufactures steel principally from scrap steel and scrap steel substitutes using electric arc furnaces, continuous casting and automated rolling mills. The company’s equity method investments in Duferdofin Nucor S.r.l. and NuMit are included in the Steel Mills segment. Also included in the Steel Mills segment are its international trading companies that buy and sell steel and steel products that the company and other steel producers have manufactured. In the Steel Products segment, the company produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, steel grating and expanded metal, and wire and wire mesh. In the Raw Materials segment, the company produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. The Raw Materials segment also includes its natural gas working interest drilling programs with Encana Oil & Gas (USA) Inc. and the company’s equity method investment in Hunter Ridge Energy Services LLC. Sales and Marketing The Steel Mills segment sells its products primarily to steel service centers, fabricators and manufacturers located throughout the United States, Canada, Mexico, and elsewhere worldwide. Its bar mill group manufactures hot-rolled SBQ products to exacting specifications primarily servicing the automotive, energy, agricultural, heavy equipment and transportation sectors. In the Steel Products segment, the company sells steel joists and joist girders, and steel deck to general contractors and fabricators located throughout the United States and Canada. The company sells fabricated reinforcing products used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums and high-rise buildings. The company sells cold finished steel and steel fasteners primarily to distributors and manufacturers located throughout the United States and Canada. Environmental Laws and Regulations The company’s business operations are subject to numerous federal, state and local laws and regulations intended to protect the environment. The principal federal environmental laws include the Clean Air Act (CAA) that regulates air emissions; the Clean Water Act (CWA) that regulates water discharges; the Resource Conservation and Recovery Act (RCRA) that addresses solid and hazardous waste treatment, storage and disposal; and the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) that governs releases of, and remediation of, sites contaminated by hazardous substances. History Nucor Corporation was founded in 1940.
nucor corp (NUE*:Mexico)
1915 Rexford Road
Charlotte, NC 28211
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