Nucor Corporation is an American producer of steel and related products based in Charlotte, North Carolina.
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16 Facts About Nucor
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None of Nucor's mills are unionized and the corporate culture is opposed to trade unions.
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3.
Nucor's origins are with auto manufacturer Ransom E Olds, who founded Olds Motor Vehicle Company in 1897.
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4.
Nucor was renamed "Nuclear Corporation of America Inc " and relocated to offices in the Empire State Building in New York City.
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5.
Nucor chose to purchase an electric arc furnace, which was far cheaper than the traditional steel blast furnace with a $6 million loan secured by all of the company's assets.
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6.
Since its reorganization, Nucor has become a leader in recycling technology and expanded its market presence.
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7.
In 1989, Nucor opened a facility in Crawfordsville, Indiana, the first mini mill in the world to produce flat rolled steel using thin-slab technology.
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In 2002, Nucor bought Birmingham Steel, including the Mississippi Steel plant and Birmingham, Alabama operations.
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In 2004, Nucor acquired Corus Tuscaloosa, and in 2005, they purchased Fort Howard Steel and Marion Steel.
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10.
In 2006, Nucor acquired Connecticut Steel, Verco Decking, and Harris Steel.
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11.
In 2007, the company's Nucor Building Systems division acquired Magnatrax, which bolstered its share of the pre-engineered metal building systems market.
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12.
In March 2008, Nucor purchased the David J Joseph Company, one of the largest scrap brokers and recycling companies in the United States, in order to take more control of its raw material supply and prices.
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13.
In 2016, Nucor announced the acquisition of a steel plate mill in Longview, Texas, and structural tube mills in Mississippi, Alabama, and Illinois.
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14.
On September 6,2019, Nucor announced that John Ferriola would retire at the end of the year and would be replaced by Leon J Topalian.
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15.
In December 2021, Nucor acquired a majority share in California Steel Industries.
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16.
In 2000, Nucor paid $98 million to settle with the United States Department of Justice and the United States Environmental Protection Agency to resolve allegations that it had not adequately controlled the emission of toxic chemicals into the air, water, and soil in Alabama, Arkansas, Indiana, Nebraska, South Carolina, Texas, and Utah.
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