NUCOR CORPORATION

Nucor Corporation

Abstract

Nucor Corporation (Nucor) is a premier iron producer and recycler in the US. The business manufactures hot-rolled iron alloy (angles, rounds, apartments, passages, sheet, wide-flange beams, pilings, billets, blooms, beam spaces and plate), cold-rolled iron alloy, iron alloy joists and joist girders, iron alloy deck, freezing completed iron alloy, iron alloy fasteners, steel construction schemes and lightweight measure iron alloy framing. The business mainly functions in the US. It is headquartered in Charlotte, North Carolina and uses about 11,900 people. The company recorded revenues of $14,751.3 million during the fiscal year ended December 2006, an increase of 16.1% over 2005. The operating profit of the company was $2,693.8 million during fiscal year 2006, an increase of 33.6% over 2005. The net profit was $1,757.7 million in fiscal year 2006, an increase of 34.1% over 2005.

Introduction

Nucor Corporation (NYSE: NUE) a Fortune 200 business headquartered in Charlotte, North Carolina is one of the biggest iron alloy manufacturers in the United States, and the biggest of the "mini-mill" operators (those utilizing electric driven arc furnaces to dissolve cancel iron alloy, as are against to businesses functioning incorporated iron alloy works with explode furnaces). Nucor assertions to be North America's biggest recycler of any material, recycling one ton of iron alloy every two seconds. (Preston, 1992)

Since 2007, Nucor has made the two large-scale acquisitions in its annals, one to assist command its raw material provide and the other to elaborate its merchandise line. In January 2007, Nucor acquiesced to yield $1.07 billion dollars for Canada's Harris Steel Co. The deal permitted Nucor to elaborate its occurrence in the kind of iron alloy utilized to construct connections, main streets and other infrastructure projects. In May 2008, Nucor furthermore broadcast two junction projects overseas to capitalize on flourishing building markets out-of-doors the U.S.

Nucor is highly decentralized in its procedures; there are only five managerial grades at Nucor (supervisor/professional, department supervisor, partition general supervisor, boss vice leader, and President/CEO). Most functioning conclusions are made at the partition grade or lower. In supplement, Nucor assertions that its business agency employees figures round 75 workers, which may probably be the least significant number of business agency workers amidst foremost corporations.

Literature Review

Trends and Strategy

Nucor is a premier iron alloy constructor and recycler in the US. The business manufactures hot-rolled iron alloy (angles, rounds, apartments, passages, sheet, wide-flange beams, pilings, billets, blooms, beam spaces and plate), cold-rolled iron alloy, iron alloy joists and joist girders, iron alloy deck, freezing completed iron alloy, iron alloy fasteners, steel construction schemes and lightweight measure iron alloy framing. The company's power lies in its powerful market place which endows it to advantage from cost decreases through finances of scale. However, Nucor faces the risk of future financial downturns in the US, which could materially adversely sway its enterprise, outcomes of procedures, financial ratio, and cash flows.

Organizational Structure and Management

Organizational structure encompasses the relationships of authority and communication (Hatch, 1997), both formal and informal that exist within Nucor, as well as the rules, procedures, ...