NUE - Nucor - Stock Price & Dividends

Nucor Corporation is a leading steel manufacturer and distributor that operates through three main segments: steel mills, steel products, and raw materials.

The steel mills segment is the backbone of Nucor's operations, producing a wide range of steel products, including hot-rolled, cold-rolled, and galvanized sheet steel, plate steel, wide-flange beams, and bar steel products. These products are sold to steel service centers, fabricators, and manufacturers in the United States, Canada, and Mexico, who use them to create various end-products, such as buildings, bridges, and consumer goods.

The steel products segment offers a diverse portfolio of steel-based solutions, including steel joists and joist girders, steel decks, and galvanized torque tubes for solar arrays. This segment also provides hollow structural section steel tubing, electrical conduit, fabricated concrete reinforcing steel, and other specialty products. These products are used in various industries, such as construction, energy, and manufacturing.

The raw materials segment is responsible for producing direct reduced iron (DRI), a key input material for steel production. This segment also brokers ferrous and nonferrous metals, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal. Additionally, Nucor is involved in natural gas production and industrial gas business, which provides a reliable source of energy for its operations.

Nucor's products are marketed through a combination of in-house sales force, internal distribution, and trading companies. This allows the company to maintain close relationships with its customers and respond quickly to changes in market demand. With a rich history dating back to 1905, Nucor Corporation is headquartered in Charlotte, North Carolina, and has established itself as a leader in the steel industry.

Through its diversified business segments, Nucor is well-positioned to capitalize on growth opportunities in the steel industry, while also mitigating risks associated with fluctuations in raw material prices and market demand. By focusing on operational efficiency, product innovation, and customer satisfaction, Nucor aims to maintain its competitive edge and drive long-term growth.