Nucor Corporation and its affiliates manufacture steel and steel products. The company also produces direct reduced iron (DRI) for use in its steel mills. The company, through The David J. Joseph Company and its affiliates, also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI), and DRI. The company’s operations include various international trading companies that buy and sell steel and steel products manufactured by the company and others. The company is a major recycler in North America, using scrap steel as the primary raw material in producing steel and steel products. In 2014, the company recycled approximately 19.0 million tons of scrap steel. Segments The company has three segments: Steel Mills, Steel Products, and Raw Materials. Steel Mills This segment 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, wire rod, 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. Its equity method investments in Duferdofin Nucor S.r.l. and NuMit LLC are included in the Steel Mills segment. Also included in the Steel Mills segment are the company’s distribution and international trading companies that buy and sell steel and steel products that the company and other steel producers have manufactured. Steel Products This segment 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. Raw Materials This segment produces DRI, and brokers ferrous and nonferrous metals, pig iron, HBI, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. This segment also includes the company’s 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 in the world. 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 and installs fabricated reinforcing products on a construction contract bid basis. These products are 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. The company markets products from the Steel Mills and Steel Products segments primarily through in-house sales forces. The company also utilizes its internal distribution and trading companies to market its products internationally. The company’s primary external customers for ferrous scrap are electric arc furnace steel mills and foundries that use ferrous scrap as a raw material in their manufacturing process. External customers purchasing nonferrous scrap metal include aluminum can producers, secondary aluminum smelters, steel mills, and other processors and consumers of various nonferrous metals. The company markets scrap metal products and related services to its external customers through in-house sales forces. Strategy A major part of the company’s business strategy is to control a significant portion of the supply of high quality metallics needed to operate its steel mills. Environmental Laws and Regulations The principal federal environmental laws include the Clean Air Act that regulates air emissions; the Clean Water Act that regulates water discharges; the Resource Conservation and Recovery Act that addresses solid and hazardous waste treatment, storage and disposal; and the Comprehensive Environmental Response, Compensation and Liability Act that governs releases of, and remediation of, sites contaminated by hazardous substances. The company’s operations are also subject to state laws and regulations that are patterned on these and other federal laws. History Nucor Corporation was founded in 1940.
nucor corp (NUE*:Mexico Stock Exchange)
1915 Rexford Road
Charlotte, NC 28211
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