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Nucor Steel Case Study

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Nucor Steel Case Study

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Nucor
From Wikipedia, the free encyclopedia
Nucor Corporation

TypePublic (NYSE: NUE)
S&P 500 Component
IndustrySteel & Iron
Founded1940
HeadquartersCharlotte, North Carolina, USA
Key peopleDaniel R. DiMicco, Chairman, CEO, & President
Revenue US$ 11.2 Billion (FY 2009)[1]
Net income US$ 293 million (FY 2009)[1]
Employees20,400 (2010)
Websitewww.nucor.com
Nucor Corporation (NYSE: NUE), a Fortune 300 company headquartered in Charlotte, North Carolina, is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces). Nucor claims to be North America's largest recycler of any material, recycling one ton of steel every two seconds. The total annual steelmaking capacity of the company is 25 million ton.[2] Contents [hide]

1 History
1.1 The REO Era
1.2 The Nuclear Corporation Era
1.3 The Nucor Era
2 Nucor Today
3 The Nucor Culture
3.1 Decentralized Management Philosophy
3.2 Performance Based Compensation
3.3 Egalitarian Benefits
3.4 Customer Service and Quality
3.5 Technological Leadership
4 Environmental record
5 References
6 External links
[edit]History

Nucor's history consists of three distinct eras: the Reo Motor Car era, the Nuclear Corporation of America era, and the current Nucor era.[3][4] [edit]The REO Era
Nucor's origins are with auto manufacturer Ransom E. Olds, who founded Olds Motor Vehicle Company in 1897 (later, as Oldsmobile, to become a part of General Motors). Having left his company years before it was acquired by GM, in 1905 Olds established a new company, REO Motor Car Company, the predecessor to Nucor, in Lansing, Michigan. Though Olds' cars, including the luxurious REO Flying Cloud, were popular, they were not profitable, and the company's more successful truck business (featuring the famous REO Speed Wagon) was still not...

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