Nucor Corporation is an American steel producer headquartered in Charlotte, North Carolina, tracing to the Reo Motor Car Company and later the Nuclear Corporation of America before adopting the Nucor name in 1972 under longtime chief executive Ken Iverson, who pioneered the use of electric arc furnace mini-mill steelmaking from scrap steel rather than traditional blast furnaces. It grew into the largest steel producer in the United States, operating a network of mini-mills across the country.
Facts
Company TypeAmerican steel producer 1 Founded Year HeadquartersCharlotte, North Carolina, U.S. 1 Connections
Operates In
A major steel producer; classified in the atlas steel-industry.
In the Other Atlases
Sources
1. Wikipedia, Nucor Corporation
Wikipedialead paragraph, Wikipedia article
Nucor Corporation is an American company based in Charlotte, North Carolina, that produces steel and related products. It is the largest steel producer in the United States and the largest recycler of scrap in North America. Nucor is the 16th-largest steel producer in the world. Along with Commercial Metals Company, it is one of two primary suppliers of rebar used to reinforce concrete in buildings, bridges, roads, and infrastructure in the U.S.
History section, first paragraph
After REO Motor Car Company, founded by Ransom E. Olds, sold its operations and initiated liquidation proceedings, a group of dissident activist shareholders, noticing the existence of a usable tax loss, successfully challenged the liquidation in a proxy fight in September 1955 and forced REO to take over a tiny nuclear services company called Nuclear Consultants, Inc. in a reverse takeover.
View the Source Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.