Nucor Weaknesses

Nucor Weaknesses
Nucor Corporation is the second largest steel manufacturer in the United States. Nucor's approach to
steel production and steel products is predicated upon drastically undercutting both foreign and
domestic competition, risk–taking, and visionary thinking. Nucor launched the steel mini–mill
industry in the late 1960s (Reference for Business, 2017). Since then, mini–mills have increasingly
edged the large mix steel companies out of most steel markets and led by Nucor in the late 1980s.
Nucor's is headquartered in Charlotte, North Carolina. Nucor have made a bold entry into the flat
rolled steel market, which a lot of manufactures use, and the last domain of big steel. Nucor has
remained profitable and a great growth rate in the difficult field and in a virtually non–growth
industry. It is also striving to supplant U.S. steel as the nation's number one steelmaker by ... Show
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Some of their strengths are Nucor's unique management philosophy and Nucor's innovation. Nucor's
management philosophy really helps bring the best out of their workers. They allow their workers to
make decisions in the work place. Workers also have their wages connected to their productivity and
receive far higher wages than the average in their state. Nucor avoided laying off their employees
during 2008 and seek alternative means to control labor cost and this has helped loyalty with their
workforce. Nucor does a great job of staying ahead of the industry. Its innovation is years ahead of
their competitors. "They stood at the front of the mini mill technology" (UKessays, 2015) which
changed the industry for good and the new technology is always studied to help ensure that Nucor
stays ahead of the competition.
Weakness
Nucor may have some great strengths, but they also have their own weaknesses. Their two
weaknesses are exposure to fluctuation in price of scrap steel, and lack of market
... Get more on HelpWriting.net ...

How Did The Bessemer Impact The Modern World
Bessemer Process
Mr.Snider
2–15–18
Period 4
Najae Knox
The Bessemer process was the first cosmic process for the making of steel from molten iron. It made
a huge impact on the world today. This process made This world a lot easier then it would be
without it. Although it was named after Henry Bessemer the Founder of this process made the world
a better place for a lot cheaper. This impacted the modern world by allowing The Bessemer process
to make the mass production of steel, a material that shaped our modern world, It added steam to the
already ongoing industrial revolution that hit the world, And The process also decreased the labor
requirements for steel–making. New Beginnings
This process did so much for this ... Show more content on Helpwriting.net ...
Although that it took awhile it still made its standpoint and showed how amazing it came up to rise.
Being the only process that made metal the next big thing is outstanding it absolutely stands out and
show how dominant and controlling it is even in today's

Andrew Carnegie Dbq
Andrew Carnegie A Hero or Not?
Andrew Carnegie was a man who led the expansion of the American steel industry in the late 19th
century. He was born in Dunfermline, Scotland in 1835. Carnegie was also known as one of the
richest men in the world. A Hero is a person that has intelligence, integrity, and courage. Was
Andrew Carnegie a hero? Yes, because he donated many of his money, went from rags to riches by
working hard, and his wealth.
Andrew was a hero because he donated many of his money to the community. "His overall total
donation which is about $350,695,653" (Doc. C). These are some of his gifts that he donated to the
community. He gave $25,000,000 to Carnegie Institution to promote scientific research.
$50,365,000 that's how much he gave to Free, Public Libraries which was enough for 2811 libraries
mostly in the US. He also donated $145,000,000 of his money to Carnegie Corporation to supertrust
for administering a large part of carnegie's remaining fortune. The Carnegie Corporations net assets
in 2005 were listed at $2,167,000,000. The foundation is currently giving out about $100,000,000 a
year, most of it to education. ... Show more content on Helpwriting.net ...
"Andrew grew up in a attic room above his father's Weaver's Shop and later on in his future he lives
in a castle" (Doc. A). This shows he's a hero because he has courage and courage is the ability to
overcome challenges and he did overcome challenges by working really hard and he wouldn't be the
richest man if he hadn't worked hard and overcome obstacles in his life. This also shows that he's an
intelligent person cause he had the ability to solve problems and use his knowledge to adapt to new

Essay on Nucor Corporation Analysis
Nucor Corporation: Competing Against Low–Cost Steel Imports
Group E
Charisse Cohen
Valarie Lindsey
Teshaunte Lyons
Billy Ray Richardson
MGT 590: CAPSTONE–COMPETING GLOBALLY
Dr. Raman Patel – Professor
August 17, 2009
Nucor Corporation: Competing Against Low–Cost Steel Imports
Written Analysis
Executive Summary
This report discusses the challenges that The Nucor Corporation faces during this era of social and
economic climate change. Using Porter's Five Forces Analysis and Four Generic Strategies, we will
assess the steel industry standards as it relates to the strategies implemented by the Nucor
Corporation. We will also assess what Nucor's strengths and weaknesses are, and if they will be able
to continue ... Show more content on Helpwriting.net ...
In light of the surplus steel products in the U.S., Nucor along with other steel producers had to lower
their prices in order to compete with the extremely low priced foreign steel that flooded the U.S.
market. Nucor was not adversely affected by the price change; in fact they were able to maintain
their financial health (Thompson, 2007).
FIGURE 1.2 [pic]
What driving forces do you see at work in this industry? Are they likely to impact the industry's
competitive structure favorably or unfavorably? (Did we answer this question?)
The driving forces that are at work in the steel industry are foreign steel producers, new

opportunities for the uses of steel, and growth in worldwide demand for steel. Although, the U.S.
steel industry experienced some relief from the dumping of foreign steel producers, the dumping
was still remained a force that was problematic in the steel industry. As seen above, the steel market
is primarily controlled by the foreign steel producers. The anti–dumping and countervailing duty
orders and suspension agreement, covering imports of hot–rolled steel in, was extended for 5 years
to alleviate some of the harm resulting from the influx of steel in the U.S. market. This extension
was initiated to help keep the surplus of steel products in the U.S. at bay. This particular driving
force can and has adversely affected the steel industry.
FIGURE 1.3
[pic] There were

U.s. Steel Protection : Advancement Options
Cody Goodin U0352255 ECON–5550–001 U.S. STEEL PROTECTION––ADVANCEMENT
OPTIONS I. ISSUE: As of December of this year, a complete report has been announced via The
United States International Trade Commission (USITC) affirming damages to U.S. steel
manufacturers from imports abroad. Because of additional broad domestic concerns, including
bankruptcies with domestic steel manufacturers, immediate multifaceted relief is necessary.
Domestically, early in this same year, imports have increased and have been negatively coupled with
slowed industrial growth. Abroad, foreign firms may attempt to retaliate against U.S. exports or seek
other detrimental concessions. Because of the divisiveness between these entities, it is necessary to
find ... Show more content on Helpwriting.net ...
market. As a result, the union of United Steelworkers of America would launch a multi–million
dollar marketing campaign denoted as "Stand Up for Steel," while also attempting to wield influence
through The Congress and executive branch. Here the group pushed for import quotas and the
implementation of a Section 201 arrangement. Despite this, the U.S. steel industry would subtly
oppose the union positions vis–à–vis a Section 201 and quotas, before eventually capitulating.
Particularly in the case of the former, the industry feared the risks a Section 201 could bring.
Further, with the conclusion of Bush and Reagan administrations' voluntary export restraints (VER),
anti–dumping cases would become the largest aim and solution for the industry. Indeed, numerous
steel firms would initiate anti–dumping cases in 1998 against Russia, Japan, and Brazil, where the
union would eventually join them. Here, momentum against the Clinton administration would build
via Senators Arlen Specter (R–PA) and John Rockefeller (D–WV) in easing Section 201
implementation. Coupled with this, a declaration by way of The House would demand a ban on
inequitable steel imports from several countries for one year. Despite their condolences the Clinton
administration would be skeptical about any sharp response. Here, Treasury Secretary Robert Rubin
would hold

Was Andrew Carnegie A Hero
Andrew Carnegie was a hero because of his work ethic and his character traits. How would you feel
a person made millions of dollars and eventually thought of giving it all away? A hero is someone
who is admired and looked up to for outstanding achievement. Similarly, Andrew Carnegie was
looked up to and admired by many for his philanthropy and hard work. It is because he worked so
hard when he was young that he was able to become so wealthy. Andrew Carnegie was a hero
because of his work ethic. Evidence shows that Carnegie was born in a poor household in Scotland
(Document 1). Life was hard in Scotland and so the Carnegie family decided to move to the United
States. Carnegie was 12 years old when he arrived to the United States and immediately ... Show
The evidence in the Background Essay indicates that when Carnegie was thirty–three years old, he
wrote himself a letter in which he states that he no longer was going to take part in business and give
away his money for "benevolent purposes." Which he eventually did, however, after creating the
Bessemer Process and working with Henry Bessemer, buying the Homestead mill, and adding the
Allegheny Steel Mill. After accomplishing all those things, before Carnegie's death in 1919,
Carnegie had already decided to give away most of his wealth. He had sold his steel mill, the
Carnegie Steel Company, to J.P Morgan. In the evidence given, Carnegie first states that a man who
has wealth should not give it to their children, secondly, he states that a man should give is wealth
for public uses while he is alive so what good would it do to give it away after their death. Finally,
he claims that a man who has wealth should set an example of living a modest life and to use their
surplus revenues for the benefit of the public. He also claims that "a man who dies rich is a
disgrace" (Document 8). The chart in Document 9 also indicates how much wealth CArnegie gave
away to organizations, universities, and

Andrew Carnegie Essay
Andrew Carnegie
Andrew Carnegie was born in Dumferline, Scotland, in November of 1935. His parents were Will
and Margaret Carnegie. He also had a brother, Tom. The main income for the geographic location
where he grew up was weaving linen. The people who engaged in this type of employment
considered this an art since it had relatively unchanged since medieval times. Andrew's father was
one of those craftsmen. Since there had been so little change in this type of work, they were really
caught off guard when machine production came around. For some, this industrialization was good.
The Carnegies were lead to believe that this was the way they should be headed. At first the returns
were good for them, but prices and demand fell, and ... Show more content on Helpwriting.net ...
He hired Carnegie to be his personal telegrapher and to assist him in dispatching trains over the
western division's mountainous main line. Here Andrew was able to really maximize the opportunity
set before him. He did public relations work, observations into how shipments were made and
received, and mastered the controlling of the division's operations. In 1859, Scott was promoted to
vice–president and appointed Carnegie superintendent of the western division. This was Andrew's
big break. His knowledge of operations and innovative thinking pushed him to the top of his field.
From the years1859–1865, Carnegie expanded the road and increased traffic to an all time high. By
doing this, cost per ton–mile fell. This process was his calling. The ability to lower costs. From there
Carnegie learned how to make money without lifting a finger: investing. He also learned that it
didn't matter whose money was being used for the transactions as long as the return exceeded the
cost. It was this type of mentality that led him into investing in sleeping cars, oil companies, and
bridge companies at that time. All of these business adventures were not all successes, though. The
bottom line for him at this time was to invest no matter what. Carnegie also learned that he could
make money off of selling bonds and shares of stock. He had an amazing ability to understand the
working structures of the business world. Nothing could escape him. All of this knowledge seemed
to be

Informative Essay: Was Andrew Carnegie A Hero?
Was Andrew Carnegie A Hero? Andrew Carnegie was believed as a hero by some people, but I
oppose that belief. It doesn't mean that he is a hero just because he gave expensive stuff away.
Andrew Carnegie was not a hero because he gave low wages to his workers, he is two–faced, and he
treated his workers poorly. First of all, he gave low wages. In Document H, a worker says he gets
$2.25 daily. In Document I, the chart shows how much a worker gets for working 9–11 hours a day.
He shouldn't give low wages. One, some of his workers die in his factories. Two, working in a
factory all day is dangerous for it make people tired which results in accidents. These accidents
would them result in deaths. Secondly, he is two–faced. In document O, the

How Did Andrew Carnegie Affect The Economy
Throughout his years, Andrew Carnegie aided in the industrialization of America. helped shape
society, and widened the gap between the social classes. During the reconstruction era Andrew
carnegie was a huge contributor to the economy. With his steel industry reaching a momental high,
increasing the demand and starting the economy on a downward spiral. His steel production
methods led America to become a mas–industrialized nation while widening the economic gap
between the rich and poor.
Andrew Carnegie was born on November 25, 1835. He and his family were immigrants from
Scotland. His father found it increasingly hard to find work in Dunfermline. So the family decided
to emigrate to the United States. When the came to America, it was during the Reconstruction Era.
This was the era when mass production of commercial goods was booming. Everything was getting
produced at an accelerated rate. Which was the perfect time for budding businessmen like Carnegie
to be in. All the booming businesses inspired Carnegie and he saw an opportunity in steel.
The life before this boom happened poverty rampaged through the streets. Typical immigrants were
housed in solid quarters, earning barely ... Show more content on Helpwriting.net ...
17). That the rich were mere trustees of their wealth, and the poor trusted them to use it in a
beneficial way ("Celebrating Andrew Carnegie"). Like improving living conditions, building more
homes, and improving sanitation in factories and buildings. Carnegie also explains how a wealth
man can't leave his wealth without gaining a distaste in peoples mouth that may not have been there
before. To the common man, the wealth seemed like people of got it easy and didn't have any
hardships in their lives, but Carnegie explains that wealth wasn't such a breeze, but a burden for

Nucor Case Analysis
Individual Case Analysis
BUS490 Comprehensive Examination
Nucor Steel Corporation
Written by: Lukas Kubilius
Professors: Bonnie J. Straight Julian J. Prewitt
Lithuania Christian College
2 March 2005
Overview of situation
Nucor Corporation with 24 plants/divisions and 8,000 employees, operated in nine states recycling
more than 10 million tons of scrap steel annually. Producing carboy and alloy steel in bars, beams,
sheet, and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; and
metal building systems, the corporation was known as the most modern and efficient, having
streamlined organizational structure, ... Show more content on Helpwriting.net ...
More attention to own business than to competitors is their strategy. South magazine observed that
Nucor is "stripped down, no nonsense" organization. It keeps maintaining low cost and efficiency,
which is the key to making profit in steel industry, by keeping the employee force at the level it
should be, empowering them, being totally honest, involving them in decision making process, and
using effective incentive compensation system.
Nucor's ten year goals are:
Achieving average annual earnings growth of 10%–15%.
Exceeding return on capital
Maintaining minimum 14% return on equity.
Delivering 8%–10% return on sales.
Becoming market leaders of every product group and business where they compete.
Key Issues and Problems
 Growth in troubled steel industry. How to sustain Nucor's earnings growth in the industry, which

has many marginal competitors and production overcapacity.
 Market position. How to protect and establish Nucor's market position.
 Organizational structure. Need for expanding size of executive management team and adding new
corporate layers in the corporation.
 Human Resource Management. Need for reanalyzing employee wages and bonus system.
Finances
A typical Gross profit margin depending on the industry may be 25 to 30%. Nucor's Gross profit
margin ratio indicates that industry is intense and cost of goods is one of the main of factor in
profitability. After examining the five year

Andrew Carnegie Dbq
Andrew Carnegie is considered to be the richest person ever. Carnegie is known for his steel
business that he developed on and became one of the last steel business by buying and taking out his
competition. Carnegie is said to be a very generous man by donating to education and charities. The
questionable thing about Carnegie is if he is a hero? Many people see him as helpful, and nice, but
others see him two faced, selfish, and hypocritical. Carnegie is showed being two–faced by the way
he acts. Carnegie is showed being two–faced by always helping everyone, but the people that work
for him. (Document D) Carnegie donates all this money to education and charities, but treats his
workers like garbage (Document C). He lowered the pay for his

Trump’S Buy American And U.S. Steel Industry? . Shuang
Trump's Buy American and U.S. Steel industry?
Shuang Tan
As the backbone of American manufacturing, the steel industry is essential to the world 's water and
food supply, energy generation and national security. Steel consumption is highly cyclical and
generally follows economic and industrial conditions both worldwide and in regional markets. Steel
industry was severely impacted by the global economic crisis in 2008 as demand from its largest
markets, construction and automobile manufacturing, dropped sharply along with consumer
spending on durable goods and business investment in new spaces. This downturn reversed in 2010.
Since demand for steel is highly dependent on the level of activity in the nonresidential construction
sector, ... Show more content on Helpwriting.net ...
Therefore, weak domestic demand is further exacerbated by rising global overcapacity, in which has
drastically reduced the selling price of steel. Capacity utilization at domestic mills dropped to as low
as 60% in early 2016.
Facing intense competition and influx of cheaper steel products, U.S. steel producers have been
persuading U.S. government to protect U.S. companies from dumping and other unfair competitive
practices via either tariffs or import quotas on the steel products of offending companies in foreign
countries.
Starting in 2016, Commerce Department moved to impose tariffs in response to an oversupply in the
steel industry, especially from China. Some duties are as high as 266%. Duties on steel products
from China, Brazil, India, Japan and other countries contributed to the U.S. benchmark hot–rolled
coil index rising more than 60% in 2016 to $615 per ton, after falling 33% in 2015. In Europe, the
benchmark index was up by 34%. Steel imports into the U.S. during the first quarter of 2016 fell to
eight million metric tons, down 29% from a year earlier, and inventories also declined. Those tariffs
come during an election season rife with promises to protect American workers. Donald Trump
promises the job will be done with materials made in U.S.,

Was Andrew Carnegie A Hero Dbq
Was Andrew Carnegie a Hero? This inquiry appears to ponder in the brains of Americans. As I
would see it and from what I see from the documents, Andrew Carnegie was a legend. Andrew
Carnegie was born on November 1835 in Dunfermline, Scotland.(Doc 1) He experienced poverty in
childhood and his folks didn't profit. Andrew Carnegie was a legend from numerous points of view.
One reason behind why Andrew Carnegie was a legend was a direct result of his instinct on growing
the economy and his business to make riches. Also, Andrew Carnegie was a legend is on the
grounds that he made occupations that utilized numerous Americans. At long last, Carnegie was a
legend is on the grounds that he was an incredible donor and he said a statement that was clear as a
crystal of what Americans ought to do with their cash. That saying was "A man who dies rich dies
disgraced" ... Show more content on Helpwriting.net ...
In the time numerous individuals lived in destitution. They required an approach to profit to
accommodate their families. The steel business which Carnegie built up helped in giving Americans
employment. In that time the steel business was one of the most elevated paying occupations in
America. Americans were paid 1.81 an hour and that was the second most noteworthy paying pay as
indicated by the record .(Doc 7)People contend that in spite of the reality of giving American
occupations in the steel industry, the steel industry gave terrible working conditions. In this time the
fundamental objective was to give employment to Americans yet individuals still don't look at
Carnegie as a saint. Despite the fact that there weren't the best working conditions, at any rate, he
began something that we can later advance which are employments today. I'm not saying that it was
alright for individuals to

Dumping of Steel Essay
Dumping of Steel
INTRODUCTION
Foreign steel producers plague the U.S. steel industry with unfair competitive practices. This
practice is referred to as "dumping". Dumping of foreign steel has been a problem throughout the
history of the U.S. steel industry. In the 1990s dumping has become more of a problem, due to the
breakdown of the Russian economy and its transition from Capitalism to a free–market economy.
According to Microsoft Encarta 98 (1998), Free–Market Economy, is an economic system in which
individuals, rather than government, make the majority of decisions regarding economic activities
and transactions. In addition, the Asian financial crisis has led to another round of dumping into the
U.S. markets by many Asian ... Show more content on Helpwriting.net ...
Later, many Third World countries such as Brazil built their own steel industries and large U.S.
steelmakers faced increased competition from smaller, nonunion mills. The U.S. produced about
half of the world's steel in 1945; by 1991 it was the third largest producer, with only 11% of the
world market, behind the former Soviet Union and Japan. Since the 1970s, growing competition and
the increasing availability of alternative materials, such as plastic, slowed steel industry growth;
employment in the United States steel industry dropped from 2.5 million in 1974 to 1.6 million in
1991. Global production stood at 736 million tons in1991, down from 786million tons in 1988 (The
Columbia Encyclopedia, 1993).
DUMPING
Columbia Encyclopedia, (1993) defined dumping as the selling of goods at less than normal price,
usually as exports in international trade. It may be done by a producer, a group of producers, or a
nation. However, dumping is usually done to drive competitors off the market and secure a
monopoly, and/or to hinder foreign competition. Nations, in an effort to counterbalance international
dumping, often resorted to flexible tariffs. International trade through acute competition from
foreign producers often leads to dumping infractions of law. A policy regarding dumping, depends
on its effectiveness in maintaining separate domestic and foreign

Porter's Five Forces Model
3. Please apply Porter's Five Forces model to the steel industry. propose whether you think the steel
industry is attractive industry or not an attractive industry.
The first force is competition in the industry and competition between firms in the steel industry is
very high. There is intense competition at both the domestic and global level. In order for a firm to
be profitable in the steel making industry, production levels need to be high, capacity levels need to
be high, and workers have to use resources and inputs efficiently. Price and demand contribute to the
high level of competition in the industry. There is a relatively weak demand for steel products in the
U.S. when compared to years prior to the recession of 2008. There ... Show more content on
Helpwriting.net ...
357). China is a primary source of competition on the global level but there are also two major
competitors in the U.S. – ArcelorMittal USA and U.S. Steel. According to the text, "Consolidation
of the industry into a smaller number of larger and more efficient steel producers had heightened
competitive pressures for Nucor and most other steelmakers," both ArcelorMittal and U.S. Steel are
large companies and have their own competitive advantages and disadvantages when compared to
Nucor (p. 359). The relatively small number of firms competing domestically and unfair trade
practices abroad has created an intensely competitive environment in the industry. Each force has a
high ability to impact profitability.
The potential threat of new entrants in the industry is a low threat. The most significant barrier to
entry into the industry is the enormous capital requirement needed to build or purchase production
plants. There are also various regulations imposed by the government (in the U.S. at least) in terms
of environmental regulations, labor regulations for an industry with jobs that are potentially
hazardous among other regulations the government imposes on firms in the industry. There is also a
learning curve to producing steel products and meeting specific requirements of customers so a new
entrant would either have to pay

The Steel Industry in the USA
The Steel Industry in the USA Steel has been part of the greatest achievements in history. It was the
"iron horse" and steel rails that helped carve a nation out of the frontier. Steel is the backbone of
bridges, the skeleton of skyscrapers and the framework of automobiles. Now in the 21st century, it is
still revolutionizing the way we live. It is high strength frames for eyeglasses; it is a strong durable
frame in housing and it's precise surgical instruments used in hospital operating rooms around the
world. ... Show more content on Helpwriting.net ...
For the workers, modernization has meant learning new skills to operate sophisticated equipment.
Competition also has resulted in increasing specialization of steel production as various producers
attempt to capture different niches in the market. As international and domestic competition
continue for U. S steel producers, the nature of the industry and the jobs of its workers are expected
to continue to change.
Domestic steel prices declined significantly during 1998 and 1999, allegedly because of dumping of
subsidized, low–priced steel products onto the U.S market by foreign producers. The steel industry
appealed to the Government for vigorous enforcement of trade laws in response to the alleged
dumping and received support from the U.S. Department of Commerce in the form of antidumping
duty margins against several countries. Later, the International Trade Commission ruled against the
industry claiming that the industry did not suffer irreparable damage from the extra imports. (4)
The U. S Antidumping Act of September 8, 1916 allows civil actions and criminal proceedings to be
brought against importers who "commonly and systematically' have imported or sold foreign–
produced goods in the United States at prices which are 'substantially less' than the prices at which
the same products are sold in a relevant foreign market, provided that such action is

Andrew Carnegie Dbq
Andrew Carnegie was an American businessman and Industrialist who led the expansion of the
American steel industry in the late 19th century. He became one of the wealthiest men during the
course of the 19th century due to his involvement in producing steel. By 1900, Carnegie mills were
producing about ⅓ of all steel in the U.S. which was a huge accomplishment in the steel making
business. There is no argument that he is an extraordinary businessman who was self–made and was
a hard worker who so many Americans look up to as a model businessman which is why I ask
myself, was Andrew Carnegie a hero? I believe he was a hero because he has paved the road for so
many American businessmen and meets all my requirements for being a hero by having ... Show
He also created so many jobs for the United States which really helped his community a lot.
Evidence to support my first heroic trait would be in Document G, it shows a map of properties that
Carnegie had in Pittsburg and in the document note it states that Carnegie was a pioneer of Vertical
Integration. This piece of information helps my argument because it tells me that Carnegie is a very
good at what he does if he is a pioneer of Vertical Integration than he is very smart and knows how
to get what he strives and works hard for which is a big accomplishment in the business world.
Another piece of evidence that supports my second heroic trait is when, in Document E, a note at the
bottom of the graph says, "By 1900 Carnegie mills were producing about one–third of all US steel."
This shows me that if he produces ⅓ of all US steel, then he is giving so many jobs to Americans for
producing this steel which is a great pro for the community.
Some people may say Andrew Carnegie was not a hero due to his favoritism to Scottish and people
from Pittsburgh by giving them gifts but Andrew Carnegie has given $350,000,000 to charities that
benefit his community around him. I believe that someone like Andrew Carnegie who has courage,
who is self–made, and has concern for others, meet all the requirements, in my opinion, of being a
true hero. I believe that Andrew Carnegie has a positive legacy to

How Did Andrew Carnegie Change The Economy
As well as J.P. Morgan, Andrew Carnegie was certainly another individual who assumed great
leadership and transformed the ways of the U.S. economy during the Gilded Age. He concentrated
his works on the Steel industry. He helped the United States switch from an agricultural and
commercial nation to the greatest industrial nation in the world. A document published by Gale:
Cengage Learning even stated, "In years of recession and depression he kept running his plants,
undercutting competitors, and assuring employment for his workers." Obviously, he was a strong
competitor among the entrepreneurs of the time. He kept his prices low while also expanding
markets for steel products. In fact, he established the J. Edgar Thomson Steel Works, which later
became the Carnegie Steel Company. ... Show more content on Helpwriting.net ...
In addition, Carnegie's company built the first steel plants in the United States that used the
Bessemer steel–making process, a revolutionary industrial development that also produced steel
from iron cheaply and efficiently. (Hendrick 5). However, like J.P. Morgan, Carnegie, too,
eliminated competition by buying other companies. He also used a method, known as vertical
combination. This meant that he bought firms that were interdependent for the supply of raw
materials for processing, like railroad companies and iron mines. By owning these businesses,
Carnegie was able to reduce his costs and produce steel cheaper. As Carnegie's methods made the
manufacturing of steel faster, easier and inexpensive, he was considered a steel magnate. He created
a steel empire by taking ownership or factories, raw materials and transportation infrastructure
involved in steel–making in order to eliminate any inefficiencies that would keep him from profiting
as much as he could. However, while he put so much effort into keeping his costs down, he did not
keep his workers' best interest at heart. By supplying his products at a lower cost than his
competitors, he overworked and

Nucor : A Steel Company Under The New Leadership Of F....
Nucor began as a steel company under the new leadership of F. Keeneth Iverson in 1964. By 1985,
Nucor became the seventh–largest steel company in North America. Nucor is now well–known and
also the second largest steel company in the U.S. Nucor offers steel and variety of steel products.
Nucor is known for its innovation and technological excellence in the production process,
streamlined organizational structure, and incentive–based compensation plan. Nucor's relationship
with its employees is the greatest strength, which allows it to retain employees and increase
productivity. The main issue of Nucor is opportunity pertaining to global expansion, which can be
addressed by the acquisition of foreign subsidiaries.
SWOT Analysis
Strengths
Nucor has many strengths that include being the largest steel producer in North America, having
broad product lineup, continuous production process innovations, environment–friendly, streamlined
organizational structure, incentive–based compensation system, strong relationship with employees,
and having a strong financial position. Nucor manufactures a wider range of steel products, which
include steel bars, sheet steel, steel plate, structural steel, steel joists, steel mesh, and fabricating
steel reinforcing products. Nucor has incentives and bonuses for its employees for exceeding the
standards. It does not lay off its employees, which helps them retain a strong relationship with
employees. Some strengths of Nucor are valuable such as

Nucor Corporation in 2001: Pursuing Growth in a Troubled...
Nucor Corporation in 2001: Pursuing Growth in a Troubled Steel Industry
Table of Contents
Introduction 3
Nucor's History 3
Current Strategy and Future Expectation 4
Analysis and evaluation 4
Dominant Economic Characteristics of the Steel Industry Environment 4
Competition analysis in the Steel Industry 5
SWOT Analysis 6
Recommendations 9
Introduction
Nucor's History
Nucor Corporation is the second–largest steel producer in the United States and has had net sales of
$4.6 billion in 2000. Nucor recycles approximately 10 million tons of scrap steel. It operates in 9
states and produces carbon and alloy steel in bars, beams, sheet, and plate; steel joists and joist
girders; steel deck; cold finished steel; steel ... Show more content on Helpwriting.net ...
Figure 1: Porter's Five–Forces Model of Competition
SWOT Analysis
Strengths
· Nucor is the second–largest producer of steel in the U.S. It enjoys the brand name advantages, and
has well established relations with the suppliers and the buyers.
· Nucor is very good at identifying cost cutting opportunity. It has always kept the cost low,
maintaining a very high quality. It integrated backwards and started producing steel to reduce the
material cost for joists. Nucor plants have always been situated near the markets they serve.
· Nucor had always been aggressive pursuit of Innovation and technical excellence in technology. It
has monitored the R&D activities around the world and has reviewed it for possible adoption. In the
U.S., it has been the first to adopt the electric arc furnace and continuous strip casting technologies.
· Nucor is known for constructing state–of–the–art facilities at the lowest costs. When Nucor
introduced the minimills the average cost of capital was $135 per ton of capacity, almost one–tenth
of the cost of the competitors. It has the most modern mills in the U.S. equipped with the latest
technology.

· Nucor has a stripped down, no non–sense thrifty organization under a very strong corporate
leadership. It has a very lean corporate staff and simple corporate facilities. There are no corporate
perquisites. The organization is decentralized and each division is autonomous.
· It has a very strong employee

Nucor Essay
Business Summary and Strategy
Nucor is the largest steel manufacturer in the United States. It remains a profitable company despite
being in one of the most cyclical industries in the economy. Nucor enjoys this success for several
reasons, employee relations, quality, productivity, and aggressive pursuit of innovation and technical
excellence. Nucor's strategy is that of a low cost provider, they know they are selling a commodity
and understand their competitive edge in the industry is lowering prices through innovation and
productivity. The company operates primarily in two business areas, steel mills and steel products.
Steel Industry Outlook
Driving Forces:
„« Globalization – Low cost foreign manufacturers "dumping" steel in ... Show more content on
Helpwriting.net ...
Porter's Five Forces:
„« Competition – as stated earlier, competition is fierce and foreign competitors are dumping steel.
„« Barriers to entry are typically high, it requires a very large amount of money and expertise to
enter the industry. The industry is consolidating not growing.
„« Substitute products – plastics and other components have taken market share from steel and will
continue to do so.
„« Seller–Buyer – since there is such heavy competition in the industry and there is excess capacity
it is a buyers market.
„« Supplier Seller – Nucor is heavily reliant on the producers of iron ore and scrap.
Company Resources
Strengths – Most profitable steel company in the U.S., highly productive, non–union workforce,
technological/innovation leader in the industry, decentralized management structure, financial
strength
Weaknesses – heavy reliance on the U.S. market, highly cyclical industry, decentralized support
structure.
Opportunities – global market, global economy & steel market is growing, financial strength to
acquire companies after an industry downturn after bankruptcy
Threats – heavy competition in the industry, foreign manufacturers dumping products in the U.S.,
environmental compliance costs
Future Strategy and Goals

„« Nucor has close to $1 Billion in cash on its balance sheet. While earnings outlooks are still good,
they should continue to raise dividends and

Who Is Andrew Carnegie A Hero
Who is Andrew Carnegie? Is he a hero? Carnegie was born in 1835, and grew up poor, living in the
attic above his father's shop. In 1848, looking for a new life, his family made the move from their
home in Scotland to the United States. He found a new way to produce steel, and that brought him a
great fortune. Carnegie became a hero in the time when his steel business what striving. It was
highly improbable that someone coming from a family like his would have anything else than the
working middle class life. But he defeated those odds to become the richest man in America. He
also had a very honorable view on how one's fortune should be spent. Those views made him highly
liked by millions around the world. Finally, what he gave and started for

Steel Industry Essay examples
1. Using the information contained in the case, conduct a five–forces analysis of the U.S. Steel
industry. What conclusion can you draw from this?
Degree of Rivalry: Mini mills were being used by the foreign competition which mean they were
able to produce steel at less expensive rates passing that on ot their customers.
Barriers to entry: Starting in the 1970's since there were no trade barriers companies overseas were
able to manufacture and sell steel for a much lower price here in the United States therefore
affecting companies domestically.
Supplier power: Once steel became needed again suppliers were able to multiply what they charged
consumers and were able to produce large qantities at a time in order to stay up with demand. ...
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The level of the competition does vary thuogh because mini mills are able to produce steel less
expensively yet they are not able to produce in large quantities as the bigger established steel
companies. Each company needs to look at how they can improve within themselves, the economy
and against the competition.
3. Given the nature of competition in the U.S. steel industry, what must a steel maker focus on in
order to be proftable?
The U.S. steel industry would have to focus on technology. It should also focus on the larger global
scale in order to stay up with competition domestically and internationally. If this does not happen
then the United States will not be able to stay ahead of the competition and many companies will
once again go bankrupt.
4. How is the competitive strategy of the steel industry currently being affected by the seven macro–
environmental forces?
It is currently being affected economically, technologically and legally. With the economy being as
low as it has and going through a recession many industries have not been able to stay open. They
have needed to cut back on expenses such as supplies and employee costs. With new laws constantly
passing they need to make sure they are up to date with minimum wage and tax laws. It all factors in
to whether or not a business can stay open and make a profit at the same time.
Hill, C. W. L., & G. R. Jones. (2013). Strategic management: An integrated

To What Extent Is Andrew Carnegie A Hero Or Not?
Andrew Carnegie: Hero or Not?
Andrew Carnegie went from being paid a mere $1.20 a week to selling his company for $480
million. He was undoubtedly successful. However, the question is; Was Andrew Carnegie a hero?
The answer is no. He was not a hero for several reasons. Firstly, what he said about wealth
contradicted his actions. Secondly, he treated his workers horribly, and finally, he believed in social
darwinism, or survival of the fittest.
The first reason Carnegie was not a hero, was that what he said about wealth contradicted his
actions. He wrote a letter to himself in 1868. In this letter, he planned to give away everything that
he made over 50,000 dollars (Background Essay). Despite this, he spent millions buying a castle in
Scotland. He then spent 10 million more to renovate it, only to use it as a summer home (Document
1). In addition, He said that dyning rich was a disgrace (Document 8), yet died a very rich man
(Background Essay). Carnegie did not practice what he preached, and that is why he is not a hero. ...
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He underpaid, overworked, and endangered them. The workers in his factory were paid a mere
$1.40 for a twelve hour day, before he cut wages (Document 6) Comparatively, the average worker
in the steel industry was paid $1.81 for around a 10 hour work day. To contrast, he made about
$92,000 a day. Furthermore, the working conditions in his factories were dirty and dangerous, "...the
men call this the deathtrap," said one of his workers (Document 6). He treated his workers in such
an appalling manner, that there is no way this man could have ever been considered a

Competitive Advantage Of Nucor
Nucor is one of the most the most gainful steel producers in North America. It possesses 18 plants,
produce 25 million tons of steel, and it successful was during both the 2005 and 2006.
–
Nucor creates value by giving the managers of each plant the independency in decision making that
mean, They should make the Decisions quickly without back or wait any orders or permission from
head office .Aldo they can use the resources from other plants or from the market Moreover, they
use modern equipment to produce high quality products in a competitive prices. And they try to
make good promotions for attracting their customers.
Regarding their competitive advantage, Nucor's managers apply an advanced technology and
processes such as Minimill, HIsmelt ... Show more content on Helpwriting.net ...
Moreover, they apply advanced new equipment and Technologies which raise the corporation.
The best strength factor for this corporation is the low cost strategy and the great relations between
employees and low attrition rates. In addition to that, they have a strong CSR Program
 Weakness
The weakness point for Nucor are uncaring to the challengers industry and multiplicity of
production.Moreover,the narrow location is also added to weakness points because the plants are
only in USA area that can increase the risk and increase the dependency on local
markets.Furthermore,it has a high shipping cost
 Opportunities
Nucor has big chances to improve and wide its name all over the world such as tries to apply
HISMELT Technology in Australia for example. Also, it should spread its name all over the world
by not only depending on local markets and establish plant outside USA .In addition to
opportunities, it will be a great chance to diverse the business and production
 Threats
The market of real state is declining which effect on the steel productions. And the main threat for
Nucor is the rising of China's steel

Case Study on Nucor Corp
Case 2: Nucor Corporation: Competing Against Low–cost Steel Imports
The Company, Nucor Corporation, started its operation in nuclear instrument and electronics
business in early 1950s to early 1960s. Facing bankruptcy, the board of directors opted for a new
leadership and appointed Kenneth Iverson as president and CEO. He concluded that to be able to
avert bankruptcy is to exit the nuclear instrument and electronics business and rebuild the company
around its subsidiary, Vulcraft, which is engaged in steel joist business. After its integration, it has
expanded its operation in steelmaking seeing opportunities on newly emerging technology to
produce steel more cheaply.
At the turn of the century, Nucor was the second largest steel ... Show more content on
Helpwriting.net ...
These strategies have been very effective in terms of expanding its resources as well as
conceptualization of new technology (using electric arc furnace as alternative to conventional
furnace) and improvement of plant efficiency thru equipment upgrades. The usage of the technology
has allowed low investment cost for facilities and equipment that eliminated expensive steps in steel
making. Also the use of scrap materials has lessened the purchase of ore for steel making.
Furthermore, joint ventures have given them option to join global market of steel producers.
However, Nucor should be also wary on possible entrants that could offer low cost steel which
might be a reason for a loss of customers which in–turn loose potential income and worst cut jobs.
Steel, being a commodity that is dictated by market demand, has been changing continually. But
being a low cost provider, it has resulted to numerous customers entering into non–cancellable
contracts.
Organization and Management in Nucor had a simple and streamlined structure to allow employees
to innovate and make quick decisions. The company was highly decentralized with most day–to–day
operating decisions made by division or plant level managers and their staff. When someone is
performing below expectations in

Nucor Steel
Nucor Corporation
Introduction
Nucor Corporation, the largest U.S. mini–mill, continues to gain market share in flat roll and strip
steel. Recent successful acquisitions, application of new technologies, prospects for global growth, a
strong balance sheet, as well as improved economic outlook for the steel industry, make Nucor an
attractive buy with a near term stock price target of $65 to $70.
Background
Nucor Corporation (NUE) was founded by auto manufacturer Ranson E. Olds. Through a series of
permutations the company evolved into a nuclear instrument and electronics business, known as the
Nuclear Corporation of America before regaining its focus in the steel business and changing its
name to Nucor Corporation in 1972. In ... Show more content on Helpwriting.net ...
Recently NUE has also completed projects that allow it to produce a combined additional 1,000,000
tons of steel product annually. This represents a fraction of the $200,000,000 spent in 2004 to
upgrade its production facilities. New U.S. production facilities have also been completed. These
include a steel plate mill in North Carolina and a deck plant in upstate New York as well a Castrip
technology production facility in Indiana. Current efforts are underway to build another Castrip
plant in the U.S. as well as another overseas.
NUE has pursued successful acquisitions. In March 2001 Nucor Steel purchased Auburn Steel
Company and acquired a 470,000 tons–per–year merchant bar, rebar and special bar quality steel
mill. This mill was a good strategic fit with Nucor 's joist and deck plant nearby. With Nucor
management in place, the Auburn Steel Mill set a 26–year production record with continued growth
from 2001 through 2004. In July 2002, Nucor purchased the former Trico Steel Company. This
acquisition increased its flat rolled steel production and is building market share in this segment.
The initial production of this plant at purchase was 1.2 million tons per year and the expected
production for 2005 is 2.1 million tons. This acquisition increased Nucor 's sheet metal capacity by
over a third. In December 2002 NUE purchased Birmingham Steel for $615 million in cash. The
four Birmingham Steel bar mills increased NUE 's

Andrew Carnegie: A Major Influence In The Building Of America
Andrew Carnegie was a major influence in the building of America. He helped mass produce steel
in America to build sky scrapers and other things that use steel today. Without his major influence
on the building of America the country we see now may not be the same now. Although he did many
great things and had many notable accomplishments Andrew Carnegie wasn't a hero because he did
inhumane things to his workers being two faced and greedy, being the person responsible to the
killings at homestead and bribing a president to run so that he could keep his monopoly that was
hurting the lower class. Andrew Carnegie was greedy paying 2/3rds of his employees $1.40 when
the average pay per hour for a steel worker was $1.81 and having them work 12

Nucor Driving Forces
What driving forces do you see at work in this industry? Are the likely to impact the industry's
competitive intensity and profitability favorably or unfavorably?
The driving forces in the steel industry would be technology evolution. The change in the steel
making technology has transformed the steel industry. Market growth has a huge impact in the
development of the steel industry, strategies, profitability, and efficiency. Market and competition is
a factor to consider when looking at the long run of this industry. New innovative technologies such
as advance computer systems, physical models, and artificial intelligence can be used and
incorporated in the steel manufacturing process. The economy also greatly affects the steel industry
as ... Show more content on Helpwriting.net ...
A competitive approach tends to be the best strategy for this commodity product industry. Nucor has
been successful in reaching relatively low production costs. Nucor has the ability to build plants
inexpensively but also operate them very efficiently. Nucor has a record of profitability even when
times are tough in the domestic steel industry, showing that Nucor has lower costs relative to other
steel producers. It could also be assumed that Nucor is cost competitive with foreign steel producers
trying to sell their products in the United States.
Is there any reason to believe that Nucor has achieved a sustainable competitive advantage over its
rivals?
Nucor's cost competitiveness is something they have developed over years. It seems as if a small
portion of domestic competitors if any at all even appear to have costs as low as Nucor. Nucor's
management teams have tried not to miss any opportunities to drive costs down in its business. This
would then provide Nucor with a sustainable low–cost advantage over its domestic competitors as
well as its foreign ones attempting to sell steel to customers in the United States.
Have Nucor's recent acquisitions over the past several decades contributed to their

Nucor
Table of Contents
A. EXECUTIVE SUMMARY
B. Nucor (NUE) was ranked the first of steel producer in the U.S., and the first "mini–mill" operator,
with operating facilities in 14 states. Nucor's products include sheet steel, bar, structural, plate and
others. The company was known for its aggressive pursuit of innovation and technical excellence,
rigorous quality system, environmentally friendly products. Nucor's core strategy is that of cost
leadership through the use of technology; it is known as being the low–cost provider. Most business
is conducted in the U.S., but the company does have foreign operations and looks at international
expansion as a strategic opportunity.
C. In the early of 2000, Nucor followed growth strategies ... Show more content on Helpwriting.net
...
Iverson was a leader who walked the talk. He proved himself as a "Master in crafting and executing
a low–cost leadership strategy and he made a point of making sure he practiced what he preached".
In 1968, Nucor integrated backward into steelmaking due to the benefits of supplying its own steel
requirements for producing steel joists and the opportunities to capitalize on newly emerging
technologies to produce steel more cheaply. Until now, Nucor Corporation is one of the largest steel
producers and the largest steel scrap recycler in North America. Nucor Corporation remains
Operation as series of low–cost, highly productive steel mini mills utilizing scrap and Metallic Raw
Materials, together with Technology as Electric Arc Furnaces.
II. Main problems identification
I. In the recent decade, Nucor Corporation has faced to several challenges which lead them to
change their strategies or adapt new ones. In the scope of this report, main problems of Nucor
Corporation will be analyzed comprehensively with the aim of reaching the most reasonable
recommended solutions.
1. The increase of rival's production capacity
J. Nucor competed in the markets for a wide variety of finished steel products and unfinished steel
products, plus the markets for scrap steel and scrap substitutes. In detail, competition for

External Analysis Tools Pest, Porter 's Five Forces And...
1. The industry which Nucor operates can be described using the external analysis tools PEST,
Porter's Five Forces and Major Strategic Groups.
Environmental Analysis – PEST
Political
State Tax Breaks: In the U.S., when a manufacturing firm is looking for a new location to set up
operations, there is a large incentive for local governments to offer large tax credits towards the
organization in order to entice them to locate within their region. This is because the jobs that a
manufacturing plant brings greatly improve the prosperity of the region. An example of the tax
breaks available is when Nucor opened a steel mill in North Carolina costing $300 Million, Hertford
County offered Nucor $155 Million in tax breaks to bring 300 jobs to the region.
Anti–Dumping Tariffs: During the early 2000's, U.S. Steel prices were plummeting to 20–year lows
and all but the two largest manufacturers were posting losses. In 2001, Bush posted anti–dumping
tariffs in order to protect the US steel industry from bankruptcy. While this upset the World Trade
Organization, steel prices began to recover in 2002 and 2003 until Bush withdrew the tariff. In
addition, China imposed their own three–year tariff on Imports which improve steel prices as well.
Economic
Rising Energy and Ore Prices: Energy and ore prices have continued to increase, threatening
integrated mill producers. In addition, U.S. steel scrap prices have been increasing, affecting mini–
mill producers the same. With these

Andrew Carnegie A Hero
Angel Gomez
Mr. Plata
US History: Period 7
22 October 2017
Andrew Carnegie A Hero
Andrew Carnegie once the richest man in the world, a hero in my eyes. Andrew Carnegie was born
in Scotland in November 25, 1835. Andrew Carnegie Spent his childhood living in a attic from
1835–1848 (Doc A). Andrew Carnegie was poor in his childhood, Andrew Carnegie is a great
example for rags to riches. Is Andrew Carnegie a hero in your eyes? A hero consist of these traits,
integrity, Courage, intelligence, concern for other, financial success, self–made, significant
achievement and charisma. Andrew Carnegie meets the traits of financial success, intelligence and
concern for others. Andrew Carnegie and his financial success. Andrew Carnegie most definitely
had financial success of he was once the richest man in the world. Andrew Carnegie didn't become
the richest man in the world easily, he had to climb his way up the ranks. Andrew Carnegie's first
job was being a bobbin boy at the local textile mill, working for 12 hrs and 6 days out of the week
Carnegie was getting aid $1.20 a week (background essay). Andrew Carnegie's next job was
delivering telegrams, being able to decode the dot–dot dash dash ... Show more content on
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Andrew Carnegie wrote a letter to himself that he can only accept an income of $50,000. The rest of
the money would go to help build public buildings like libraries (background essay). Andrew
Carnegie's lifetime donations would add up to $350,695,653 (Doc C). Andrew Carnegie wrote a
book called the gospel of wealth. Saying that wealthy Americans had the responsibility to donate
money to further social progress (notes). This evidence helps explain why Carnegie was a hero
because he would donate so much money to charity, education and to the public. He really does
care, to have to richest man in the world say it's the wealthy people of America, that it is their
responsibility to donate their money to the public means a

Is Andrew Carnegie A Hero?
Is Andrew Carnegie a hero? In my opinion a hero is someone who cares for others, has courage, and
who is intelligent. Andrew Carnegie did not care for anyone but his self, and how much money he
made. The working conditions in his steel mills was horrific. Sometimes the workers would go to
work not knowing if they would leave that day: dead or alive. He did not do anything to improve the
conditions and workers went on strike. The pay wage for three quarters of the workers was not very
high, compared to the other quarter of the workers. He was not a fair man to his employee's.
Courage is shown by doing something selfless. Andrew received a draft form the union army, and
instead of going to fight the war like a man he chickened out.

Technology And Innovation : A Competitive Advantage
– Adaptation: to be survived, after suffer through several money–losing and facing bankruptcy, in
1964, the firm moved forward from the nuclear industry to steel industry.
– Technology and innovation: that is the central strength of the firm, because they can reduce using
of the amount the resources as well as making plants with environment–friendly, for instance in
2005–2006, the firm was regarded as the low–cost steel producer and technologically innovative
steel producer in the USA. And
– Using energy efficient Electric Arc Furnaces and mini–mills to produce both hot and cold rolled
steel. By supplementing raw material requirements with scrap and scrap steel substitutes
– Non–stop innovations that allow Nucor to hold its technological edge in the competition. The firm
is always improving its business cycle through the use of continuing innovation as well as it was the
industry leader when it comes to innovation.
– The emphasis on cost control: To be a competitive advantage the market with little product
differentiation. Therefore, the price is the major competitive factor. One of Nucor 's core
competencies is that its expertise in remaining costs low whereby adopting technology innovation
that supports in production.
– Strong & unique management philosophy, Strong and efficient leadership combined with a pool of
talented and productive workforce for instance: it had a good philosophy of empowering its worker
and minimising the inefficient levels that plagues firm, the

Nucor at a Crossroads
Nucor at a Crossroads
MGMT XXXX–XXX
Nucor's Historic Performance, Competitive Advantage, and Five Forces Analysis
With roots dating back to 1904 in the automobile manufacturing industry, Nucor's business strategy
has morphed many times over the course of the past century in response to struggling sales and
unrealized business strategies. Since F. Kenneth Iverson's appointment as Nucor's President in 1965,
however, Nucor has performed very well. With a focus on efficiency, Nucor is committed to
minimizing bureaucracy and maximizing performance and productivity via the utilization of an
open–door/continuous improvement/ entrepreneurial culture, a compensation scheme premised on
performance–based ... Show more content on Helpwriting.net ...
Threat of Substitutes – The threat of substitutes facing Nucor was moderate. On one hand, although
demand for steel had declined in recent years as noted above, it was not predicted to decline further
as of 1986. On the other hand, with the advent of materials such as aluminum, plastic, and
composite materials, especially in automobile industry, the threat of substitutes in the market was on
the rise.
New Entrants – Notwithstanding that 36 companies were competing in the mini–mill industry, much
of the market was controlled by the top five, the second of which was Nucor. With competition
levels high in this industry and with costly barriers to entry (i.e., building a steel plant), the prospect
of new entrants facing Nucor was relatively low.
Degree of Rivalry – The degree of rivalry facing Nucor was high, not only in light of domestic
competition, but particularly due to vigorous price–competition from abroad, and –as a general
proposition – the relative lack of differentiation in the product itself.
The key to Nucor's relative prosperity in this industry was its competitive advantages over
integrated steelmakers and other mini–mills:
Technology – Nucor had a practice of constantly upgrading its facilities. Since the early 1970s,
Nucor built or rebuilt at least one steelmaking or fabrication facility each year. This ensured that it
was using the most current technological improvements, which thereby helped reduce its

Andrew Carnegie Biography Essay
Andrew Carnegie, born November 25, 1835 in Dunfermline, Scotland, was the owner of Carnegie
Steel Corporation; one of the biggest of its kind in the world. Carnegie moved to the United States at
the age of twelve with his parents after his father, a handloom weaver, was gradually replaced with
power looms. Carnegie was from a poor family and could not afford an education, but he always had
access to books and through reading was able to educate himself, at least a little. Once in America
he worked in one of the many factories in Allegheny, Pennsylvania, making $1.20 a week. After that
he managed to find a job as a telegraph messenger. He taught himself how to send the telegraph
messages and eventually became a telegraph operator at the age of seventeen. Through his life he
learned two different things from his parents. His father believed in helping the less fortunate, from
his mother he learned to put himself before anyone else. ... Show more content on Helpwriting.net ...
He also bought stock in an oil company, and a company that made railroad sleeping cars. In 1865 he
left the railroad company to start his business. By 1872 Carnegie was traveling to sell bonds to
European investors, and in this time he realized that steel would increase in demand in the coming
years and decided to enter into the steel industry. With his partners, their steel mill became the most
modern of its time. In 1873 to 1879 though there was a business recession in U.S. By 1880 Carnegie
managed to keep his business aloft and it once again thrived as steel came into demand. His steel
company earned millions in revenue. By 1892 he combined three of his companies and created the
Carnegie Steel Company. His salesmanship, talented management team, and willingness to take
risks while everyone else was playing it safe are what allowed him to expand and prosper so greatly
in his business. Add

Nucor
–295275–371475Nucor Corporation Competing against Low–Cost Steel Imports
110000110000Nucor Corporation Competing against Low–Cost Steel Imports What are the primary
competitive forces impacting U.S. steel producers in general and the producers like Nucor that make
new steel products via recycling scrap steel in particular? Please do a five–forces analysis to support
your answer. As mentioned in the case the main problem is the excess of steel in the steel market.
Right now foreign steel is being dumped in the US. This results that supply exceeds demand which
results off course in decreases of profit for many steel companies. This gives a lot of pressure to the
companies and most of them are not able to survive the pressure and ... Show more content on
Helpwriting.net ...
The reasons are the following: Because of globalization all the markets are open and easier to enter
for companies all over the world. This increases the entrance of foreign competitors like Chine,
Italy, South Korea etc. Another factor are the energy and raw material costs that effect the profit of a
company. Not to forget that the economy itself is really unstable. Last but not least the government
regulation and laws that can increase the prices of the products as well. We believe that they should
expand. Nucor is self–reliant and has a good strategy which made the company the second largest
producer in the US. They should expand to global market to be able to increase their market share.
They can go to markets such as Russia, China or Brazil, since they are dumping into the US market.
However they should evaluate the Porter five forces before making any decisions since these
markets are really competitive. What type of strategy has Nucor followed? Which of the five generic
strategies discussed in Chapter 5 is Nucor employing? Is there any reason to believe that Nucor has
achieved a sustainable competitive advantage over many of its steel industry rivals? If so, what type
of competitive advantage does Nucor enjoy? The core strategy of Nucor is that of cost leadership via
the use of technology. Through innovation and the use of high quality technology to process their
steel, Nucor was able to achieve this cost advantage.

Was Andrew Carnegie A Hero
Andrew Carnegie did amazing things with his money while and even after he was alive. He also had
flaws and did some not so very good things. He used his fortune to do things like buying organs for
churches, donating to colleges, and building public libraries. His Homestead steel mill, on the other
hand experienced a strike and its workers were not very content, which Carnegie turned a blind eye
to. So was Andrew Carnegie a hero?
The Homestead steel mill was located in Pittsburgh, Pennsylvania and was owned by Andrew
Carnegie. The conditions were not very safe. One worker stated "...Sometimes the slag falls on the
workmen from the roadway up there.". The employees worked 12 hours a day and most of them
only got paid $1.40. Workers were not happy with these conditions and formed a strike. Carnegie
was not present during this strike, as he was in Scotland. He trusted in the ... Show more content on
Helpwriting.net ...
His net worth was 310 billion at the time of his death. His daily "wage" was near $92,000. He also
made amazing contributions to people and organizations. That included the Princeton University,
Carnegie Institution, Teachers' Pension Fund, and public libraries. Despite this, some said that no
amount of money for public libraries would make up for the calamity at the Homestead steel mill
strike. Although, Carnegie donated $4 million to the Homestead Relief Fund for steel workers and
families. Carnegie had all this money yet his employees still received very low wages. Carnegie
notably believed in survival of the fittest and that it was necessary for their to be poor people for the
sake of the race. People found fault with how Carnegie gave his workers little wages yet "played
philanthropist" with all of his generous donations. I believe that this lessens Carnegie's tenability to
be a "hero". He should have given his workers a much higher wage considering how much money
he himself was

U. S. Steel
When founded in 1901, United States Steel Corporation was the largest business enterprise ever
launched, with an authorized capitalization of $1.4 billion. Throughout the years, U. S. Steel
responded to changing economic conditions and new market opportunities through diversification
and periodic restructuring. Today, over a century after its founding, U. S. Steel remains the largest
integrated steel producer headquartered in the United States. U. S. Steel had its origins in the
dealings of some of America 's most legendary businessmen, including Andrew Carnegie, J.P.
Morgan, and Charles Schwab. However, its principal architect was Elbert H. Gary, who also became
U. S. Steel 's first chairman. At the turn of the century, a group headed by Gary and Morgan bought
Carnegie 's steel company and combined it with their holdings in the Federal Steel Company. These
two companies became the nucleus of U. S. Steel, which also included American Steel & Wire Co.,
National Tube Company, American Tin Plate Co., American Steel Hoop Co., and American Sheet
Steel Co. In its first full year of operation, U. S. Steel made 67 percent of all the steel produced in
the United States. Today, U. S. Steel remains proud of its past, but is focused on its future. As a
leader in the increasingly competitive global steel industry, United States Steel Corporation is
dedicated to delivering high–quality products to our customers and building value for all of our
stakeholders (US Steel 2015).
The U. S.

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