Key Stats

• The largest steel company in the US
• Comprised of 75 divisions that operate independently but compete collectively.
• The average division has $250,000,000 in revenue and operates one or two plants.
• Roughly 1 tenth of the centralized headquarter staff count compared to US steel, the second largest steel company in the US.
• Nucor's Management philosophy believes that the genius of the company lies not in the executives, but in the team members on the frontline working with steel.
• The earning power of every team is linked to their productivity. Once they exceed a productivity threshold, typically 80% of the plants rated capacity, the bonus scheme kicks in. This creates a powerful incentive for teams to 'sweat the assets', Finding ways to produce more steel for a given amount of capital.