Nucor

NUCOR CORPORATION COMPANY SUMMARY In 1998, Nucor was a Fortune 500 company with 6,900 employees and had sales of $4.3billion in steel and steel-related products. During Iverson's tenure, the steel industry faced a numberof problems, including foreign competition, strained labor relations, and slowed demand for steel (related in part to the substitution of alternative materials). OPERATION  Nucor steel  Nucor- Yamato steel company  Vulcraft  Nucor Cold Finish  Nucor Fastener  Nucor bearing product Inc.  Nucor bearing system  Nucor grinding balls  Nucor wire STRATEGY Nucor's strategy focused two major competencies: building stell manufacturing facilities economically and operating them productively