Profile: Nucor Corp (NUE.N)

NUE.N on New York Stock Exchange

44.07USD
4:06pm EDT
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$-0.94 (-2.09%)
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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

In the steel mills segment, Nucor 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 SBQ). 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 to steel service centers, fabricators and manufacturers located throughout the United States, Canada, Mexico and around the world

Steel Products Segment

In the steel products segment, Nucor 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 expanded metal, and wire and wire mesh.

Raw Materials Segment

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 the Company's natural gas working interest drilling programs with Encana and Nucor's equity method investment in Hunter Ridge Energy Services LLC.

Company Address

Nucor Corp

1915 REXFORD RD
CHARLOTTE   NC   28211
P: +1704.3667000
F: +1704.3624208

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