Steel Giant Nucor is Built to Lead
Nucor Corporation (NYSE: NUE) is a large U.S. steel company, but it has long gone about its business in a different way than most of its peers. On the surface, that means a focus on electric arc mini-mills, but there's so much more to understand about the company beyond that. Here's why Nucor is the best steel company in the industry today, why it should remain a top producer, and, ultimately, why it should be on your wish list.
One of the distinguishing features of Nucor's business is its use of electric arc mini-mills. These facilities are more flexible than the blast furnaces that underpin competitors like AK Steel (NYSE: AKS). Blast furnaces need to run at high utilization rates to turn a profit, while electric arc mills are, to simplify a bit, easier to turn on and off as demand merits.
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Source: Fool.com