Nucor Corporation manufactures and sells steel and steel products globally.
The company can trace its roots back to the Olds Motor Vehicle Company which was founded in 1897. The automaker went through several transformations, notably into a truck manufacturer in the 1930’s, a lawn mower manufacturer in the 1950’s, and a nuclear services company in the 1960’s.
While operating as a nuclear services company, it acquired a steel joist manufacturer named Vulcraft.
Vulcraft proved to be the company’s only profitable business. At the time the company had trouble getting good quality and low-priced steel to use in manufacturing. It therefore began operating its own steel mill.
In 1972 the company changed its name to Nucor and began to expand into other steel products including hot and cold rolled steel, steel joists, and metal buildings.
Today Nucor is North America’s largest recycler of scrap metal, recycling 25 million tons of steel per year in 23 scrap-based steel production mills.
Nucor trades publicly on the New York Stock Exchange under the symbol NUE, is a member of the S&P 500, is #206 in the Fortune 500, has 22,300 employees, and had $19.61 billion in revenue in 2013.
Nucor CorporationNucor Corporation manufactures and sells steel and steel products globally.
The company can trace its roots back to the Olds Motor Vehicle Company which was founded in 1897. The automaker went through several transformations, notably into a truck manufacturer in the 1930’s, a lawn mower manufacturer in the 1950’s, and a nuclear services company in the 1960’s.
While operating as a nuclear services company, it acquired a steel joist manufacturer named Vulcraft.
History
Vulcraft proved to be the company’s only profitable business. At the time the company had trouble getting good quality and low-priced steel to use in manufacturing. It therefore began operating its own steel mill.
In 1972 the company changed its name to Nucor and began to expand into other steel products including hot and cold rolled steel, steel joists, and metal buildings.
Today Nucor is North America’s largest recycler of scrap metal, recycling 25 million tons of steel per year in 23 scrap-based steel production mills.
Nucor trades publicly on the New York Stock Exchange under the symbol NUE, is a member of the S&P 500, is #206 in the Fortune 500, has 22,300 employees, and had $19.61 billion in revenue in 2013.