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Nucor Steel

NUCOR STEEL

January 2005
Profile

Nucor Corporation is the largest steel producer in the United States and has over $6.2 billion in sales annually. Nucor is the nation's largest recycler, recycling over 14 million tons of scrap steel annually. Nucor's origins are with auto manufacturer Ransom E. Olds, who founded Oldsmobile and then Reo Motor Cars. Through a series of transactions, the company Olds founded eventually became the Nuclear Corporation of America. Nuclear Corporation was involved in the nuclear instrument and electronics business in the 1950's and early 1960's.

The company moved its headquarters from Phoenix, Arizona to Charlotte, North Carolina in 1966, and expanded the joist business with new operations in Texas and Alabama. Management then decided to integrate backwards into steel making by building its first steel bar mill in Darlington, South Carolina in 1968. In 1972 the company adopted the name Nucor Corporation. Since that time, Nucor has built three more Vulcraft facilities, eight steel mills, and expanded into other steel products. In 2002, Nucor completed the purchase of substantially all of the assets of Birmingham Steel Corporation, which

includes four operating mills in Alabama, Illinois, Washington, and Mississippi. Today, Nucor has operating facilities in 14 states. Products produced are: carbon and alloy steel in bars, beams, sheet, and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; metal building systems; and light gauge steel framing.

Customer Service and Quality

Nucor is committed to uncompromising quality, responsive service, and competitive pricing. Through continuous innovation, modern equipment, dedication to the customer, and concentration on productivity from a highly motivated work force, Nucor has distinguished itself as a leading producer of quality steel and steel products. Many Nucor locations are ISO 9000 Certified. Nucor employees are committed to providing customers with the highest quality levels at the most competitive prices. And, while steel and steel products are Nucor's business, the real business of Nucor is its commitment to each and every customer on each and every order.

Technological Leadership

Nucor's strong emphasis on employee communication and commitment carries with it the commitment to provide the work force with the best technology available to get the job done right in a safe working environment. As evidence of that commitment, Nucor aggressively pursues the latest advancements in steel making around the world to determine what technology it can adapt in its facilities.

 
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