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- Nucor Corporation
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Overview
Company Summary
Nucor Corporation is a leading American steel producer that operates in the manufacturing sector. Established in 1940 and headquartered in Charlotte, North Carolina, Nucor has grown to become one of the largest steel producers in the United States.
The company focuses on the production of steel and related products, primarily through its four business segments: steel mills, steel products, raw materials, and miscellaneous operations.
Nucor's steel mills segment involves operating over 25 electric arc furnace (EAF) mills throughout North America. These mills use electric arc furnaces to melt scrap steel and produce high-quality steel products in various forms, including bars, beams, sheets, and plates. Nucor's steel mills serve diverse industries, such as construction, automotive, energy, manufacturing, and agriculture.
The steel products segment involves manufacturing a wide range of steel products, including cold finished bars, metal building systems, steel joists and deck, rebar, and wire and wire mesh. These products cater to an array of applications and are distributed through Nucor's extensive network of service centers and sales offices across North America.
Nucor's raw materials segment focuses on producing and distributing direct-reduced iron (DRI) and ferrous and nonferrous metals. The company operates DRI facilities that convert natural gas and iron ore pellets into DRI, which serves as a primary materials input for Nucor's steel mills. Additionally, Nucor operates scrap metal recycling facilities that provide a reliable source of recycled steel.
The miscellaneous operations segment comprises Nucor's various joint ventures, energy-related businesses, and other activities. Through joint ventures, Nucor collaborates with other companies to enhance production and expand their capabilities. The company also participates in energy-related activities, such as producing and selling electricity, primarily generated by co-generation facilities attached to Nucor steel mills.
As a leading steel producer, Nucor Corporation is known for its innovative and environmentally friendly practices. The company embraces technological advancements and fosters a culture of continuous improvement to maintain its market leadership and meet the evolving needs of its customers in various industries.