History of Nucor



Nucor is the nation's largest recycler, processing over 10 million tons of scrap steel annually. Nucor's origins are with auto manufacturer Ransom E. Olds, who founded Oldsmobile and then Reo Motor Cars. Through a series of transactions, the company Olds founded eventually became the Nuclear Corporation of America. Nuclear Corporation was involved in the nuclear instrument and electronics business in the 1950's and early 1960's.

The company suffered through several money-losing years, and when facing bankruptcy in 1964, installed F. Kenneth Iverson as President and Samuel Siegel as Vice President of Finance. This change in management led to a restructuring and a decision to rebuild the company around the major profitable operations; the steel joist businesses in Florence, South Carolina and Norfolk, Nebraska called Vulcraft.

The company moved its headquarters from Phoenix, Arizona to Charlotte, North Carolina in 1966, and expanded the joist business with new operations in Texas and Alabama. Management then decided to integrate backwards into steel making by building its first steel bar mill in Darlington, South Carolina in 1968. In 1972 the company adopted the name Nucor Corporation. Since that time, Nucor has built two more Vulcraft facilities, seven steel mills, and expanded into other steel products. Today, Nucor manufactures carbon and alloy steel in bar, sheet, and structural forms, steel joist and joist girders, steel deck, cold finished steel, steel grinding balls, steel fasteners, metal building systems, and steel bearing products.

Nucor Steel of Utah division of Nucor, located 90 miles north of Salt Lake City in the small town of Plymouth, began operations in 1980. Starting with one roller mill processing 500,000 ton of steel annually, Nucor has grown to three mills and processing 1,000,000 tons annually. Products include carbon steel angles, rounds, flats, squares, channels, and reinforcing bars.

Nucor specializes in on-time delivery of steel products which assists customers in maintaining the lowest possible inventory levels without sacrificing customer service.

Information concerning becoming a Nucor customer can be obtained by e-mail or phone.