Nucor (NYSE:NUE) (NYSE: NUE), headquartered in Charlotte, North Carolina, is a leading producer of steel and steel products in the United States. Established in 1940 as Reo Motor Car Company and restructured as Nucor in 1968, the company pioneered the electric arc furnace (EAF) method of steelmaking, focusing on scrap metal recycling to drive efficiency and environmental sustainability. Today, Nucor operates an integrated network of steel mills and manufacturing plants across North America, specializing in the production of both raw steel and finished steel goods.
The company's main business activities include melting and refining scrap metal to produce a broad range of steel products such as sheet and plate, structural beams, merchant bar, rebar, steel joists and deck, and tubular goods. Nucor is also active in the fabrication of steel components for the construction, automotive, energy, and consumer appliance sectors, offering tailored solutions to meet specific design, strength, and corrosion-resistance requirements. Complementing its steelmaking operations, Nucor's raw materials division ensures a steady supply of steel scrap and ferrous feedstocks.
Serving markets primarily in the United States, Canada, and Mexico, Nucor has expanded its geographical footprint through strategic acquisitions and organic growth in recent decades. The company maintains a decentralized operating model, empowering local management teams at its mini mills and finishing facilities to respond swiftly to customer needs and regional market dynamics. This approach, combined with ongoing investments in advanced melting and finishing technologies, supports Nucor's ability to deliver high-quality steel products while managing costs effectively.
Nucor's leadership team is led by President and Chief Executive Officer Leon Topalian, who succeeded long-time executive John J. Ferriola in 2020. The company's board of directors oversees corporate strategy and governance, guided by a commitment to safety, innovation, and community engagement. With a reputation for operational excellence and a focus on sustainability, Nucor continues to be a key player in the North American steel industry, leveraging its scrap-based production model to address both customer requirements and environmental considerations.
