NUE 📈 Nucor - Overview

Nucor Corporation is a leading steel manufacturer that operates across three primary segments: steel mills, steel products, and raw materials. The steel mills segment is responsible for producing a wide range of steel products, including hot-rolled, cold-rolled, and galvanized sheet steel, as well as plate steel, wide-flange beams, and bar steel products. These products are used in various applications, such as construction, automotive, and industrial manufacturing. The segment sells its products to a diverse customer base, including steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico.

The steel products segment offers a broad portfolio of steel-based products, including steel joists and joist girders, steel decks, and galvanized torque tubes used in solar arrays. Additionally, this segment produces hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, and other specialized steel products. The segment also engages in the piling distribution business, providing steel piling products for construction and infrastructure projects. By offering a comprehensive range of steel products, Nucor is able to cater to the diverse needs of its customers across various industries.

The raw materials segment plays a critical role in Nucor's operations, as it produces direct reduced iron (DRI) and brokers ferrous and nonferrous metals. This segment also supplies ferro-alloys, processes ferrous and nonferrous scrap metal, and engages in the natural gas production and industrial gas business. The raw materials segment sells its ferrous scrap to electric arc furnace steel mills and foundries, while its nonferrous scrap metal is sold to aluminum can producers, secondary aluminum smelters, and other processors. By controlling its raw material supply chain, Nucor is able to ensure a stable and consistent supply of high-quality materials for its steel production operations.

Nucor Corporation's business model is built around a strong in-house sales force, as well as internal distribution and trading companies. This enables the company to maintain close relationships with its customers and respond quickly to changes in market demand. With a history dating back to 1905, Nucor has established itself as a trusted and reliable supplier of steel and steel products. Headquartered in Charlotte, North Carolina, the company is well-positioned to serve its customers across North America and beyond. As a leading player in the steel industry, Nucor continues to invest in its operations and expand its product offerings to meet the evolving needs of its customers.