4. Nucor at its Core
2002-Trico Steel &
Birmingham Steel
2001-Auburn Steel
1962-Vulcraft
2003-North Star
Steel
2004-Corus
Tuscaloosa
2005-Fort Howard
Steel
2007-Harris Steel
Group
2012-Skyline Steel 2014-Gallatin Steel
2016-Independence
Tube Corporation ,
Southland Tube
Incorporated, &
Republic Conduit
2022-C.H.I
Overhead Doors,
Summit Utility
Structures,
Sovereign Steel
Manufacturing, &
Elite Storage
Solutions
2008-The David J.
Joseph Company
5. NUCOR CORPORATION Mission Statement:
Our challenge is to become the world's safest steel company. We live each day with
gratitude for the families, customers and partners that make our work possible.
Culture
INTEGRITY/TRUST OPEN COMMUNICATION
TEAMWORK PERSONAL RESPONSIBILITY OPTIMISM
WILLING TO CHANGE TREAT PEOPLE RIGHT CAN-DO ATTITUDE WORK ETHIC PRIDE IN WHAT WE DO
16. Opportunities
- New product-line, Insulated Metal Panels
(IMP)
- Investments in DRI (Direct Reduced Iron)
-Stable Source of metallic supply for its
steel mill
New Products &
Investments
-Nucor allied with JFE in attempt to corner the steel automobile market in Mexico. This will allow them to halve startup cost and risk, while still expanding their market.
-JFE Holdings has a greater market share than Nucor. This new partnership may allow to take advantage of future endeavors with a company of larger size
-With this recent partnerships Nucor will increase its presents in Mexico (13th largest steel producing country worldwide), while also engaging in Japan (2nd largest steel producing country worldwide) with JFE.
Investments in DRI (Direct Reduced Iron) production facilities
Key part of the company's strategy to be more self-sufficient
Provides Nucor with significant flexibility in optimizing our raw materials costs.
Nucor steel can shift away from coal based energy systems and embrace environmentally sustainable renewable energy like coal and nuclear.