NUCOR: A Shareholder-Friendly Low-Cost Steel Producer
By Margin of Safety on Mon, 2011-12-19 10:20
(via www.gurufocus.com)
Nucor (NUE) is one of the largest steel producers in the U.S., and the largest “mini-mill” operator. The company claims to be North America’s largest recycler, recycling one ton of steel every two seconds. Nucor’s products include sheet steel (34% of 2010 sales by weight), bar (18%), structural (10%), plate (10%) and other. Most business is conducted in the U.S., but the company does have foreign operations and looks at international expansion as a strategic opportunity.
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