Profile: Nucor Corp (NUE.N)
23 Sep 2016
Nucor Corporation (Nucor), incorporated on March 28, 1958, manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company's steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials. The Company's operations include several international trading companies that buy and sell steel and steel products manufactured by the Company and others. The Company is also a recycler in North America, using scrap steel as the primary raw material in producing steel and steel products.
Steel mills segment
The Company's steel mills 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). Nucor manufactures steel from scrap steel and scrap steel substitutes using electric arc furnaces, continuous casting and automated rolling mills. Nucor's 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 its distribution and international trading companies that buy and sell steel and steel products that Nucor and other steel producers have manufactured. 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.
Steel products segment
The Company's steel products segment produces steel joists and joist girders, steel deck, fabricated concrete reinforcing steel and cold finished steel. It also produces steel fasteners, metal building systems, steel grating, and wire and wire mesh. The Company sells steel joists and joist girders, and steel deck to general contractors and fabricators located throughout the United States and Canada. It 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 to distributors and manufacturers located throughout the United States and Canada.
Raw materials segment
The Company's raw materials segment produces DRI; brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys, and processes ferrous and nonferrous scrap metal. It also provides transportation, material handling and other services to users of scrap metals. The raw materials segment also includes the Company's natural gas working interest drilling programs with Encana Oil & Gas (USA) Inc. and Nucor's equity method investment in Hunter Ridge Energy Services LLC.
1915 REXFORD RD
CHARLOTTE NC 28211