About Business
Nucor is one of the largest steel providers in the United States. This company was started in 1955 and was based in Charlotte, North Carolina, United States. It mainly provides steel and rebar. It also has a hand in recycling the scrap. The company utilizes electric arc furnaces to start melting the scrap steel. In 1966, Nucor shifted its headquarters to North Carolina. Soon after that, in 1968, the company started its first steel bar mill when it was not getting the right price for steel from American manufacturers. It suffered some losses in its first years but gained profit in 1971 and 1972. In the same year, Nucor decided to rename it Nucor Corporation. In 1972, it became a publicly traded company.
