Nucor

Headquartered in Charlotte, NC, Nucor Corporation is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States. It also produces direct reduced iron (“DRI”) that is used in its steel mills. The company has 123 operating facilities, primarily in the United States and Canada. Also, most of its operating facilities and customers are located in North America.

Over the years, the company has grown through acquisitions as well as by tapping new markets and expanding geographically. Through its network of “mini-mills”, the company produces steel sheets, bars, plates as well as various structural and other products. Nucor, in 2014, completed the acquisition of Gallatin Steel Company from global steel giant ArcelorMittal and Brazilian steel maker Gerdau for roughly $770 million in cash. Notably, the company is North America’s largest recycler, which uses scrap steel as the primary raw material in producing steel and steel products.

Nucor operates in three segments – the Steel Mills segment (25.7 million shipments in 2021), the Steel Products segment and the Raw Materials segment. The Steel Mills segment manufactures hot rolled steel products such as angles, rounds, flats, channels, rebar, sheets, wide-flange beams, pilings, billets, blooms, beam blanks, and plates; and cold-rolled steel products. The Steel Products segment makes steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems and light gauge steel framing among other products. The Raw Materials segment produces direct reduced iron, ferrous and nonferrous metals, and pig iron; ferro-alloys; and processes ferrous and nonferrous scrap from the facility in Trinidad.

Nucor sells its hot-rolled steel and cold-rolled steel to steel service centers, fabricators, and manufacturers; steel joists and joist girders, and steel deck to general contractors and fabricators; and cold finished steel and steel fasteners to distributors and manufacturers. Its steel products are used in highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums and high-rise buildings.