Nucor operates 23 scrap-based steel production mills. In 2019, the company produced and sold approximately 18.6 million tons of steel and recycled 17.8 million tons of scrap.
Nucor produces steel bars (carbon and alloy steel), beams, sheets/flat rolled steel, plates, steel joists, joist girders, steel decks, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating, expanded metal, and wire mesh. In addition to steel, Nucor also brokers ferrous and nonferrous metals such as pig iron and HRI/DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap through its David J. Joseph Company subsidiary.
The company’s milestones:
1905 – Ransom E. Olds, creator of the Oldsmobile, forms REO Motor Company, which evolves into the Nuclear Corporation of America and ultimately Nucor.
1962 – Nuclear Corporation makes two strategic moves that change the company and ultimately the American steel industry: the acquisition of Vulcraft, a producer of steel joists and girders, and the hiring of Ken Iverson to run Vulcraft.
1964 – The company opens a second Vulcraft plant in Nebraska to meet increasing demand for steel joists.
1966 – The company moves its corporate headquarters from Phoenix, Arizona, to Charlotte, North Carolina.
1969 – The company’s first mini mill, located in Darlington, South Carolina, goes into production.
1971 – With the company now on its way to becoming a highly focused steel producer, the board of directors of Nuclear Corporation of America approves a name change to Nucor.
1973 – Nucor offers a 5-cent cash dividend per share of the company’s common stock, and has paid a quarterly dividend ever since. A year later, the Nucor Foundation is established for teammates’ children.
1979 – The company enters the cold-finish market with a new mill in Norfolk, Nebraska.
1981 – Nucor begins operating a 400,000-ton-per-year mini mill in Plymouth, Utah. With the company performing well, this fourth mini mill further increases Nucor’s steelmaking capacity and gives it a strong foothold in the West.
1988 – Nucor Building Systems begins operation with a new plant in Waterloo, Indiana, focusing on the design and manufacture of custom-engineered metal building systems.
1989 – A new era of steelmaking begins when thin-slab technology goes on-line at the new mini mill in Crawfordsville, Indiana. It is the first mini mill in the world to make quality flat-rolled steel using the technology.
1992 – After three years of successfully producing sheet using thin-slab technology, Nucor opens a second sheet mill in Hickman, Arkansas, not far from Nucor-Yamato Steel Company.
2000 – The company’s state-of-the-art plate mill in Hertford County, North Carolina, begins operations. Nucor Steel Hertford County, developed on 990 acres along the Chowan River, produces plate for uses ranging from railroad tank cars to armored personnel carriers.
2002 – Castrip® technology goes on-line in Crawfordsville, Indiana. The process casts molten steel directly into sheet steel at or near its final thickness, eliminating the need for large hot and cold rolled reductions.
2006 – Production of direct reduced iron (DRI) begins at the innovative Nu-Iron Unlimited facility in Point Lisas, Trinidad, signaling a shift to DRI as an alternative to scrap.
2012 – The company acquires Skyline Steel LLC, a leading piling and distribution company. Expanding the company’s capabilities to service customers in the steel sheet piling market.
2014 – Nucor purchases Gallatin Steel, a flat-rolled mill in Ghent, Kentucky, which becomes Nucor Steel Gallatin LLC. The acquisition increases Nucor’s flat-rolled capacity by 16 percent and broadens the company’s footprint in the important Midwest region.
2021 – Nucor announced greenhouse gas reduction targets, committing to a 35% combined reduction in direct emissions (Scope 1) and indirect emissions from purchased electricity (Scope 2) GHG intensity for our steel mills segment by 2030.
According to nucor.com; en.wikipedia. Source of photos: internet
