Editing Nucor (section)

==History==
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]]. 

The company was renamed "Nuclear Corporation of America Inc." and relocated to offices in the [[Empire State Building]] in [[New York City]]. The organization's attempt to recast itself as a nuclear industry services company was unsuccessful, and it followed the example of other companies in the 1950s and 60s by attempting to become a [[Conglomerate (company)|conglomerate]], moving its headquarters to [[Phoenix, Arizona]]. It made several acquisitions, including the Vulcraft Corporation, a steel joist manufacturer located in [[Florence, South Carolina]]. Vulcraft was founded by Sanborn Chase, who died at an early age, leaving the company to his widow. Nuclear purchased Vulcraft from Chase's widow in 1962 and hired [[F. Kenneth Iverson]] as [[general manager]]. In March 1965, the company again filed for bankruptcy. Iverson, head of the only profitable division, took over as head of the company due to lack of interest in the job from others.<ref name=built/>

Iverson reorganized Nucor around its only profitable business, the steel fabricator Vulcraft. All other businesses were either sold or liquidated.<ref name=built/>

In 1966, the company moved its headquarters to [[Charlotte, North Carolina]] to be closer to its main Vulcraft plant in South Carolina.<ref>{{Cite news | url=https://www.bizjournals.com/charlotte/news/2019/09/26/nucor-has-a-culture-that-s-survived-every-ceo.html | title=Nucor has a culture that's survived every CEO shift | first=John | last=Downey | work=[[American City Business Journals]] | date=September 26, 2019 | url-access=subscription}}</ref>

In 1968, unable to get favorable steel prices from American manufacturers and unhappy with the imported steel available at the time, Iverson, a [[Metallurgy|metallurgist]] by training, extended Nucor vertically into [[steelmaking]] by building its first steel bar mill in [[Darlington, South Carolina]].<ref>{{Cite web |last=Metzger |first=Mark K. | title=F. Kenneth Iverson of Nucor: Man of Steel | url=https://www.inc.com/magazine/19840401/6059.html | work=[[Inc. (magazine)|Inc.]] |date=April 1, 1984 | url-access=subscription}}</ref><ref>{{Cite web | url=https://charlottemuseum.org/learn/articles/ken-iverson-and-nucor-corporation/ | title=Ken Iverson and Nucor Corporation | first=Kay | last=Peninger | work=[[Charlotte Museum of History]]}}</ref>

The company purchased 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. Production delays and staffing problems resulted in losses, but earnings soared in 1971 and 1972.

In 1972, the company, recognizing that it was now misnamed, adopted its current title, Nucor Corporation.<ref name=built>{{Cite news | url=https://www.latimes.com/archives/la-xpm-2002-apr-20-me-ken20-story.html | title=F. Kenneth Iverson, 76; Built Nucor Into No. 2 Steelmaker | work=[[Los Angeles Times]] | date=April 20, 2002 | url-access=limited}}</ref> That year, it became a [[public company]] via an [[initial public offering]].<ref>{{Cite news | url=https://www.bizjournals.com/charlotte/news/2022/07/22/nucor-50-years-stock-market-nyse-revenue-growth.html | title=Nucor marks 50 years on the stock market — and 43,796% revenue growth | first=John | last=Downey | work=[[American City Business Journals]] | date=September 26, 2019 | url-access=subscription}}</ref>

In 1988, the company opened its building products division.

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.<ref>{{cite news | url=https://www.nytimes.com/1989/12/02/business/innovative-steel-mill-is-off-to-a-slow-start.html | title=Thomas Cousins set to retire | first=JONATHAN P. | last=HICKS | work=[[The New York Times]] | date=December 2, 1989 | url-access=limited}}</ref><ref>{{cite news | url=https://www.chicagotribune.com/news/ct-xpm-1991-04-28-9102070519-story.html | title=High-tech Steel Mill Doing More With Less | first=Stephen | last=Franklin | work=[[Chicago Tribune]] | date=April 28, 1991 | url-access=limited}}</ref>

In March 2000, a joint venture, owned 47.5% by Nucor, 47.5% by [[BlueScope]], and 5% by [[IHI Corporation]] was formed to license Castrip technology.<ref>{{Cite journal |last=Trade Commission |first=U.S. International |date=October 2015 |title=Certain Hot-Rolled Steel Flat Products from Australia, Brazil, Japan, Korea, the Netherlands, Turkey, and the United Kingdom |url=https://www.usitc.gov/publications/701_731/pub4570.pdf |journal=U.S. International Trade Commission |volume=4570 |pages=21}}</ref> This technology allowed for [[continuous casting]] of sheet steel directly from [[molten]] steel without the need for heavy, expensive, and energy-consuming rollers.

===Acquisitions and divestitures===
{| class="wikitable sortable"
|-
! scope="col" | Date
! scope="col" | Acquisition / Divestiture
! scope="col" | Company
! scope="col" style="width:80px;"| Price
! scope="col" class="unsortable" | Ref(s).

|-
| {{dts|2001|09}}
| Acquisition
| Auburn Steel
| $115 million
| <ref>{{cite news | url=https://www.nytimes.com/2001/03/20/business/company-news-nucor-buys-steel-bar-mill-assets-for-115-million.html | title=NUCOR BUYS STEEL-BAR MILL ASSETS FOR $115 MILLION | agency=[[Bloomberg News]] | work=[[The New York Times]] | date=March 20, 2001 | url-access=limited}}</ref>
|-
| {{dts|2002|05}}
| Acquisition
| [[Birmingham Steel]]
| $615 million
| <ref>{{cite news | url=https://www.bizjournals.com/birmingham/stories/2002/05/27/daily24.html | title=Birmingham Steel selling to Nucor for $615M | work=[[American City Business Journals]] | date=May 30, 2002}}</ref><ref>{{cite news | url=https://www.nytimes.com/2002/05/22/business/company-news-nucor-in-615-million-deal-for-birmingham-steel.html | title=NUCOR IN $615 MILLION DEAL FOR BIRMINGHAM STEEL | agency=[[Associated Press]] | work=[[The New York Times]] | date=May 22, 2002 | url-access=subscription}}</ref>
|-
| {{dts|2004|06}}
| Acquisition
| Corus Tuscaloosa
| $90 million
| <ref>{{cite news | url=https://www.upi.com/Nucor-buys-Corus-Tuscaloosa/87351086713980/ | title=Nucor buys Corus Tuscaloosa | work=[[United Press International]] | date=June 8, 2004}}</ref> 
|-
| {{dts|2005|01}}
| Acquisition
| Fort Howard Steel
| Undisclosed
| <ref>{{cite news | url=https://www.bizjournals.com/charlotte/stories/2005/01/10/daily4.html | title=Nucor to buy Wisconsin plant | work=[[American City Business Journals]] | date=January 10, 2005 | url-access=subscription}}</ref>
|-
| {{dts|2005|04}}
| Acquisition
| Marion Steel
| $113 million
| <ref>{{cite news | url=https://www.nytimes.com/2005/04/19/business/company-news-nucor-to-buy-marion-steel-for-113-million.html | title=NUCOR TO BUY MARION STEEL FOR $113 MILLION | work=[[The New York Times]] | date=April 19, 2005 | url-access=limited}}</ref>
|-
| {{dts|2005|06}}
| Acquisition
| Connecticut Steel
| $43 million
| <ref>{{cite news | url=https://www.bizjournals.com/charlotte/stories/2006/05/01/daily8.html | title=Nucor unit buys Connecticut mill | work=[[American City Business Journals]] | date=May 1, 2006 | url-access=subscription}}</ref>

|-
| {{dts|2006|09}}
| Acquisition
| Verco Decking
| $113 million
| <ref>{{cite news | url=https://www.bizjournals.com/charlotte/stories/2006/09/11/daily17.html | title=Nucor to buy Phoenix company for $180M | work=[[American City Business Journals]] | date=September 12, 2006 | url-access=subscription}}</ref>
|-
| {{dts|2005|04}}
| Acquisition
| Harris Steel
| $1.07 billion
| <ref>{{cite news | url=https://www.reuters.com/article/us-harris-nucor/nucor-to-buy-harris-steel-in-1-billion-deal-idUSWEN166320070102 | title=Nucor to buy Harris Steel in $1 billion deal | work=[[Reuters]] | date=January 21, 2007}}</ref>
|-
| {{dts|2008|03}}
| Acquisition
| David J. Joseph Company
| $1.44 billion
| <ref>{{cite press release | url=https://news.thomasnet.com/companystory/nucor-acquires-the-david-j-joseph-company-814521 | title=Nucor Acquires The David J. Joseph Company | work=[[Thomas Register]] | date=March 3, 2008}}</ref>
|-
| {{dts|2012|06}}
| Acquisition
| Skyline Steel
| $605 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-acquires-skyline-steel-llc-159855475.html | title=Nucor Acquires Skyline Steel LLC | publisher=[[PR Newswire]] | date=June 21, 2012}}</ref>
|-
| {{dts|2014|10}}
| Acquisition
| Gallatin Steel
| $770 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-completes-acquisition-of-gallatin-steel-company-278533451.html | title=Nucor Completes Acquisition Of Gallatin Steel Company | publisher=[[PR Newswire]] | date=October 8, 2014}}</ref>
|-
| {{dts|2015|11}}
| Acquisition
| [[Gerdau]] Bright Bar assets
| Undisclosed
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-cold-finish-bar-assets-in-ohio-and-georgia-300174664.html | title=Nucor to Acquire Cold Finish Bar Assets in Ohio and Georgia | publisher=[[PR Newswire]] | date=November 9, 2015}}</ref>
|-
| {{dts|2016|07}}
| Acquisition
| Steel plate mill from [[Joy Global]]
| $29 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-plate-mill-in-texas-300301677.html | title=Nucor to Acquire Plate Mill in Texas | publisher=[[PR Newswire]] | date=July 20, 2016}}</ref>
|-
| {{dts|2016|09}}
| Acquisition
| Independence Tube
| $435 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-independence-tube-corporation-300330014.html | title=Nucor to Acquire Independence Tube Corporation | publisher=[[PR Newswire]] | date=September 19, 2016}}</ref>
|-
| {{dts|2016|12}}
| Acquisition
| Southland Tube
| $130 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-southland-tube-300373561.html | title=Nucor to Acquire Southland Tube | publisher=[[PR Newswire]] | date=December 6, 2016}}</ref>
|-
| {{dts|2017|08}}
| Acquisition
| St. Louis Cold Drawn
| Undisclosed
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-cold-finish-facilities-in-missouri-and-mexico-300502198.html | title=Nucor to Acquire Cold Finish Facilities in Missouri and Mexico | publisher=[[PR Newswire]] | date=August 10, 2017}}</ref>
|-
| {{dts|2019|12}}
| Acquisition
| TrueCore Insulated Panels
| Undisclosed
| <ref>{{Cite press release | url=https://www.prnewswire.com/news-releases/nucor-acquires-truecore-insulated-panels-300973201.html | title=Nucor Acquires TrueCore Insulated Panels | publisher=[[PR Newswire]] | date=December 11, 2019}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/charlotte/news/2021/06/07/nucor-plans-1b-panel-manufacturing-acquisition.html | title=Nucor to acquire insulated metal panel business from Cary-based company for $1B | first=John | last=Downey | work=[[American City Business Journals]] | date=June 7, 2021 | url-access=subscription}}</ref>
|-
| {{dts|2021|07}}
| Acquisition
| Insulated Metal Panels Business from Cornerstone Building Brands
| $1 billion
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-insulated-metal-panels-business-from-cornerstone-building-brands-301306749.html | title=Nucor to Acquire Insulated Metal Panels Business from Cornerstone Building Brands | publisher=[[PR Newswire]] | date=June 7, 2021}}</ref>
|-
| {{dts|2021|08}}
| Acquisition
| Hannibal Industries
| $370 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-completes-acquisition-of-hannibal-industries-inc-301360520.html | title=Nucor Completes Acquisition of Hannibal Industries, Inc. | publisher=[[PR Newswire]] | date=August 23, 2021}}</ref>
|-
| {{dts|2021|10}}
| Acquisition
| Grossman Iron and Steel & Garden Street Iron & Metal
| Undisclosed
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-affiliates-announce-two-acquisitions-301390102.html | title=Nucor Affiliates Announce Two Acquisitions | publisher=[[PR Newswire]] | date=October 1, 2021}}</ref>
|-
| {{dts|2021|12}}
| Acquisition
| Majority ownership of [[California Steel Industries]]
| $130 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-acquires-majority-ownership-of-california-steel-industries-301442787.html | title=Nucor Acquires Majority Ownership of California Steel Industries | publisher=[[PR Newswire]] | date=December 13, 2021}}</ref>
|-
| {{dts|2022|04}}
| Acquisition
| Elite Storage Solutions
| $75 million
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-acquires-steel-racking-manufacturer-elite-storage-solutions-301517784.html | title=Nucor Acquires Steel Racking Manufacturer Elite Storage Solutions | publisher=[[PR Newswire]] | date=April 5, 2022}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/charlotte/news/2022/04/05/nucor-makes-first-2022-acquisition.html | title=Nucor expands steel racking business with $75M acquisition | first=John | last=Downey | work=[[American City Business Journals]] | date=April 5, 2022 | url-access=subscription}}</ref>
|-
| {{dts|2022|06}}
| Acquisition
| Summit Utility Structures
| Undisclosed
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-to-acquire-manufacturer-of-steel-utility-structures-301562816.html | title=Nucor to Acquire Manufacturer of Steel Utility Structures | publisher=[[PR Newswire]] | date=June 7, 2022}}</ref>
|-
| {{dts|2022|06}}
| Acquisition
| CHI Overhead Doors
| $3.0 billion
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-completes-acquisition-of-chi-overhead-doors-301574951.html | title=Nucor Completes Acquisition of C.H.I. Overhead Doors | publisher=[[PR Newswire]] | date=June 24, 2022}}</ref><ref>{{Cite news | url=https://www.bizjournals.com/charlotte/news/2022/05/16/nucor-chi-overhead-doors-kkr-steel-residential.html |title=Nucor's $3B deal for C.H.I. Overhead Doors marks its priciest acquisition ever | last=Downey | first=John | work=[[American City Business Journals]] | date=May 16, 2022 | url-access=subscription}}</ref>
|-
| {{dts|2022|08}}
| Divestiture
| David J. Joseph Company’s  U-Pull-&-Pay Division
| Undisclosed
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/pull-a-part-acquires-the-david-j-joseph-companys-u-pull--pay-division-301613750.html | title=PULL-A-PART ACQUIRES THE DAVID J. JOSEPH COMPANY'S U-PULL-&-PAY DIVISION | publisher=[[PR Newswire]] | date=August 29, 2022}}</ref>
|-
|April 2024
|Acquisition
|Southwest Data Products
|$115 million
|<ref>{{Cite web |last=FinSMEs |date=2024-04-01 |title=Nucor to Acquire Southwest Data Products, for $115M |url=https://www.finsmes.com/2024/04/nucor-to-acquire-southwest-data-products-for-115m.html |access-date=2024-04-02 |website=FinSMEs |language=en-US}}</ref>
|-
|July 2024
|Acquisition
|Rytec Corporation
|$565 million
|<ref>{{cite news |last=Jones |first=Vicki |date=Winter 2024 |title=Industry Shakeup: The growing trend of acquisitions in the door and access industry |url=https://mydigimag.rrd.com/publication/?i=837621&p=36/ |work=[[Door + Access Systems]] |pages=34-35}}</ref>
|}

===Closures and new investments===
{| class="wikitable sortable"
|-
! scope="col" | Date
! scope="col" | Type
! scope="col" | Description
! scope="col" class="unsortable" | Ref(s).

|-
| {{dts|2017|04}}
| Investment
| $85 million upgrade of the rolling mill at its [[Marion, Ohio]] rebar and [[signpost]] operation
| <ref>{{cite news | url=https://www.usatoday.com/story/news/local/2017/04/03/nucor-invest-85-million-marion-upgrade/99976014/ | title=Nucor to invest $85 million in Marion upgrade | work=[[USA Today]] | date=April 3, 2017}}</ref>
|-
| {{dts|2020|03}}
| Production start
| Joint venture with [[JFE Steel]] in Mexico
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-jfe-steel-mexico-hot-dip-galvanized-sheet-steel-facility-begins-production-301017270.html | title=Nucor-JFE Steel Mexico Hot-dip Galvanized Sheet Steel Facility Begins Production | publisher=[[PR Newswire]] | date=March 5, 2020}}</ref>
|-
| {{dts|2023|05}}
| Closure
| Longview plate mill
| <ref>{{cite press release | url=https://www.prnewswire.com/news-releases/nucor-announces-plate-mill-group-reorganization-301833340.html | title=Nucor Announces Plate Mill Group Reorganization | publisher=[[PR Newswire]] | date=May 24, 2023}}</ref>
|-
| {{dts|2023|08}}
| Construction start
| Steel mill in [[Lexington, North Carolina]]
| <ref>{{Cite news |first=Jill | last=Doss-Raines | url=https://www.the-dispatch.com/news/business/nucor-breaks-ground-on-its-350-million-lexington-rebar-plant/article_87ea99ce-4e39-5f78-a644-e6e76629ce15.html| title=Nucor breaks ground on its $350 million Lexington rebar plant  | work=[[The Dispatch (Lexington)|The Dispatch]] | date=August 25, 2023}}</ref>
|}

===List of CEOs===
* [[F. Kenneth Iverson]] (1965–1996)

* John Correnti (1996–1999)<ref>{{Cite news | url=https://www.wsj.com/articles/SB928424859498536719 | title=Nucor CEO Steps Down Suddenly, Sending Steel Firm's Stock Sliding | first=Chris | last=Adams | work=[[The Wall Street Journal]] | date=June 4, 1999 | url-access=subscription}}</ref><ref>{{Cite news | url=https://www.charlotteobserver.com/news/business/article31549901.html | title=John Correnti, Ex-Nucor CEO who led Big River Steel, dies | work=[[Charlotte Observer]] | date=August 19, 2015 | url-access=subscription}}</ref>

* H. David Aycock (1999–2000)

* [[Dan DiMicco]] (2000–2012)<ref name=retire>{{cite press release | url=https://www.prnewswire.com/news-releases/daniel-r-dimicco-to-retire-as-executive-chairman-of-nucor-john-j-ferriola-named-chairman-effective-january-1-2014-230648151.html | title=Daniel R. DiMicco To Retire As Executive Chairman Of Nucor; John J. Ferriola Named Chairman Effective January 1, 2014 | publisher=[[PR Newswire]] | date=November 5, 2013}}</ref>

* [[John J. Ferriola]] (2013–2019).<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/john-j-ferriola-to-be-named-nucor-ceo-effective-january-1-2013-daniel-r-dimicco-continues-as-executive-chairman-179652501.html | title=John J. Ferriola To Be Named Nucor CEO Effective January 1, 2013, Daniel R. DiMicco Continues As Executive Chairman | date=November 16, 2012}}</ref>

* Leon J. Topalian (2019–present)<ref>{{Cite news | url=https://www.wsj.com/articles/nucor-to-replace-ceo-at-year-end-11567788699 |title=Nucor to Replace CEO at Year-End | last=Tita | first=Bob | work=[[The Wall Street Journal]] | date=September 6, 2019 | url-access=subscription}}</ref>

===Environmental issues===
In 2000, Nucor agreed to spend $98 million, including $85 million for new air pollution control equipment, $4 million to monitor and reduce pollution in communities near its plants, and a $9 million civil fine to resolve allegations by the [[United States Department of Justice]] and the [[United States Environmental Protection Agency]] (EPA) 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]]. The settlement was "the largest and most comprehensive environmental settlement ever with a steel manufacturer."<ref>{{cite press release | url=https://www.justice.gov/archive/opa/pr/2000/December/703enrd.htm | title=U.S. REACHES ENVIRONMENTAL SETTLEMENT WITH STEEL MANUFACTURER NUCOR | publisher=[[United States Department of Justice]] | date=December 19, 2000}}</ref><ref>{{cite news | url=https://www.deseret.com/2000/12/21/19545526/nucor-agrees-to-pay-98-million-for-pollution-control-penalties | title=Nucor agrees to pay $98 million for pollution control, penalties | agency=[[Associated Press]] | publisher=[[Deseret News]] | date=December 21, 2000}}</ref>

In 2016, the company unsuccessfully filed a lawsuit to block the EPA from adopting a plan to control visible pollution in [[Arkansas]].<ref>{{cite news | url=https://www.reuters.com/article/environment-nucor/federal-judge-dismisses-pollution-suit-by-nucor-steel-arkansas-idUSL2N17I23M | title=Federal judge dismisses pollution suit by Nucor Steel Arkansas | first=David | last=Bailey | work=[[Reuters]] | date=April 16, 2016}}</ref>

In 2023, the company signed an agreement with [[ExxonMobil]] for [[carbon capture and storage]] of up to 800,000 metric tons from its [[direct reduced iron]] plant in [[Convent, Louisiana]].<ref>{{Cite press release | url=https://corporate.exxonmobil.com/news/news-releases/2023/0601_lcs-nucor-agreement | title=ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone | publisher=[[ExxonMobil]] | date=June 1, 2023}}</ref> The plant had been criticized for its emissions.<ref>{{Cite news | url=https://www.theadvocate.com/baton_rouge/news/article_42b1ff7c-3da0-11ec-a504-8394e218748a.html | title=Nucor hit with EPA air pollution violations at St. James plant as DEQ mulls big permit increases | first=DAVID J. | last=MITCHELL | work=[[The Advocate (Louisiana)|The Advocate]] | date=November 13, 2022}}</ref>