Nucor is the Coca-Cola of the Steel Industry
Coca-Cola (NYSE: KO) is generally considered one of the best beverage makers in the world, with a leading market share in several key industry segments. Its ubiquitous Coke brand is recognized around the globe. While steelmaker Nucor (NYSE: NUE) may not have that same level of brand recognition for any of its specific products, there are a number of ways in which Nucor and Coca-Cola are very similar. Here's why Nucor is the Coca-Cola of the steel industry.
Nucor is a North American steel manufacturer, so it lacks the global scale of Coca-Cola. However, it is a leader in its main market, the United States. Larger and more diversified than any of its peers, one of the steel maker's primary goals is to take the No. 1 or No. 2 spot in any industry segment it serves. To put some numbers on that, it is the industry leader in seven products and holds the second slot in another four. It's third in one (sheet steel), but it uses that material internally to make other products.
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