NUCOR CORP.
History
| Year | Detail |
|---|---|
| 1905 | Ransom E. Olds, the creator of the Oldsmobile, formed REO Motor Company, which evolved into the Nuclear Corporation of America and ultimately Nucor. |
| 1962 | Nucor entered the American steel industry by acquiring Vulcraft, a producer of steel joists and girders, and hiring Ken Iverson to run Vulcraft. |
| 1979 | The company entered the cold-finish market with a new mill in Norfolk, Nebraska. |
| 1986 | The company entered the steel fastener market with a new production facility in St. Joe, Indiana. |
| 2003 | Nucor acquired a North Star Steel mill in Kingman, Arizona, for $35 million. Nucor Steel Kingman, LLC began operating in 2009, focusing on rebar and wire rod production. |
| 2007 | Nucor acquired Harris Steel Group for $1.07 billion and entered the rebar fabrication market, significantly expanding Nucor’s North American footprint and providing downstream growth opportunities. |
| 2008 | Nucor acquired The David J. Joseph Company, a scrap processor and broker. The acquisition provided Nucor with further control of its raw material supply, especially scrap steel, which makes up 75 to 90 percent of the material used to recycle steel. |
| 2012 | Nucor acquired Skyline Steel LLC, a piling and distribution company, expanding its capabilities to serve steel sheet piling market customers. |
| 2024 | Nucor signed an agreement with Mercedes-Benz to supply Econiq-RE, the lowest greenhouse gas (GHG) emissions steel product for Mercedes-Benz models. |
BCC Research Beacon 