Here's Why the Best Is Yet to Come for Nucor
Nucor (NYSE: NUE) isn't a household name, despite being the largest steelmaker in the United States. Not surprisingly, it has an incredible history of success behind it -- companies don't usually get to be industry giants by underperforming peers. That said, Nucor still has plenty of good years ahead of it. Here are the reasons why.
Nucor lays claim to being North America's largest and most diversified steel company. It has 25 mills, and can produce 27 million tons of steel a year. It uses electric arc mini-mills, which are generally more flexible and cost-effective than older blast furnace technology. It's also the largest recycling company in North America via its David J. Joseph subsidiary, which collects and sells scrap metal. That business actually rounds out the company's vertically integrated business, which covers everything from key steelmaking inputs (scrap metal) to commodity steel products to higher-margin specialty products.
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Source Fool.com
