Nucor Corporation manufactures steel and steel products, also producing and procuring ferrous and non-ferrous materials primarily for its steel manufacturing business. The company's operations include international trading and sales. Nucor is North America's largest recycler, using scrap steel as its primary raw material. Most of the company's facilities and customers are located in North America.

The company reports its results in three segments: steel mills, steel products and raw materials. The steel mills segment is Nucor's largest segment.

Nucor is a leading domestic provider for most of the products it supplies, and, in many cases, is the leading supplier.

The company has embarked on a strategy to advance Nucor's capabilities and further its value creation, as summarized in its Mission Statement: Grow the Core, Expand Beyond and Live Our Culture.

• Employees: 32,000 (as of December 31, 2023)
• Geographic Footprint: Primarily in North America, with operations in the United States, Canada and Mexico
• Headquarters: Charlotte, North Carolina
• Founded: 1958
• Number of locations/facilities: 92 steel product operating facilities, 93 raw material operating facilities, and 25 steel mill operating facilities
• Revenue: $34.7 billion (FY2023)
• Market Share: North America's largest recycler
• Key Subsidiaries/Brands: Nucor-Yamato Steel Company, California Steel Industries, Inc., Nucor-JFE Steel Mexico, S. de R.L. de C.V., The David J. Joseph Company, Nucor Insulated Panels Group, Nucor Warehouse Systems, C.H.I. Overhead Doors, Nucor Towers & Structures, Skyline Steel LLC

• CEO: Leon J. Topalian
• CFO: Stephen D. Laxton
• Other Key Executives: Brad Ford (Executive Vice President of Fabricated Construction Products), Noah Hanners (Executive Vice President of Raw Materials), John Hollatz (Executive Vice President of Bar, Engineered Bar, and Rebar Fabrication Products), Douglas J. Jellison (Executive Vice President of Strategy), Gregory J. Murphy (Executive Vice President of Business Services and General Counsel), Daniel R. Needham (Executive Vice President of Commercial), K. Rex Query (Executive Vice President of Sheet Products and Talent Resources), David A. Sumoski (Chief Operating Officer), D. Chad Utermark (Executive Vice President of New Markets and Innovation)
• Board Chair: Leon J. Topalian

Key leaders have extensive experience within Nucor and the steel industry.

• Annual Revenue: $34.7 billion (FY2023)
• Net Income: $4.5 billion (FY2023)
• Market Cap: $40.56 billion (as of July 1, 2023)
• Total Assets: $35.3 billion (as of December 31, 2023)
• Number of employees: 32,000 (as of December 31, 2023)
• Key Financial Highlights: Net earnings decreased from $7.6 billion in 2022 to $4.5 billion in 2023, primarily due to decreased profitability in the steel mills segment. Average sales price per ton decreased by 15% from $1,626 in 2022 to $1,377 in 2023. Total tons shipped to outside customers decreased 1% from 25,524,000 tons in 2022 to 25,205,000 tons in 2023.

Nucor manufactures a wide range of steel products and provides related services:

• Steel Mills: Sheet steel (hot-rolled, cold-rolled and galvanized), plate steel, structural steel (wide-flange beams, beam blanks, H-piling and sheet piling), and bar steel (blooms, billets, concrete reinforcing bar, merchant bar and engineered special bar quality).
• Steel Products: Steel joists and joist girders, steel deck, galvanized torque tubes used in solar arrays, hollow structural section (“HSS”) steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission.
• Raw Materials: Direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, HBI, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. Also includes natural gas production operations and industrial gas business.

Nucor operates through three main segments:

• Steel Mills: Represents 58% of the Company's sales to external customers in the year ended December 31, 2023. Produces sheet steel, plate steel, structural steel and bar steel.
• Steel Products: Produces steel joists and joist girders, steel deck, galvanized torque tubes used in solar arrays, hollow structural section (“HSS”) steel tubing, electrical conduit, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, steel grating and expanded metal, wire and wire mesh, metal building systems, insulated metal panels, steel racking, overhead doors, and utility towers and structures for communications and energy transmission.
• Raw Materials: Produces DRI and, through its DJJ subsidiary, brokers ferrous and nonferrous metals, pig iron, HBI and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal. Also includes natural gas production operations and industrial gas business.

Nucor's strategic priorities are focused on: growing the core business, expanding beyond traditional capabilities, and living its culture.

• Strategic Initiatives: Nucor is focused on expanding its value-added product offerings, improving cost structure, and increasing exposure to markets with attractive growth prospects, such as data centers and renewable energy.
• Growth Drivers: The company is investing in new capital projects and acquisitions to support its expansion of value-added product offerings and cost-reduction strategies.
• Investment Priorities: Nucor is prioritizing investments in steel mill products and capabilities, cost structure improvements, operational flexibility, and exposure to high-growth markets.
• Innovation and Future Outlook: Nucor is committed to reducing its GHG footprint and is investing in clean electricity initiatives, carbon capture and sequestration, and near-zero ironmaking technologies.

Nucor operates in the highly competitive steel and metal markets.

• Primary Industry: Steel manufacturing and recycling.
• Market Position: Nucor is the largest steel producer and recycler in North America.
• Key Competitors: Nucor faces competition from domestic integrated steel producers, other domestic EAF steel mills, steel imports, and alternative materials.
• Industry Trends: The industry is affected by global steel production overcapacity, trade duties, and increasing customer preferences for sustainable and low-carbon products.

• Industry-Specific Risks: Overcapacity in the global steel industry could increase the level of steel imports, which may negatively affect our business, results of operations, financial condition and cash flows.
• Operational Challenges: Changes in the availability and cost of electricity and natural gas are subject to volatile market conditions that could adversely affect our business. Competition from other steel producers, imports or alternative materials may adversely affect our business.
• Financial Risks: Our industry is cyclical and both recessions and prolonged periods of slow economic growth could have an adverse effect on our business. The results of our operations are sensitive to volatility in steel prices and the cost and availability of raw materials, particularly scrap steel.
• Regulatory Risks: Environmental regulation compliance and remediation could result in substantially increased costs and materially adversely impact our competitive position.
• Cybersecurity Risks: We are subject to information technology and cyber-security threats which could have an adverse effect on our business and results of operations.