Since F. With this approach, in an industry with 36 different companies, Nucor enjoyed the second largest market share in , with 16 plants and an annual production capacity of 2. In , Nucor was ranked the most productive steel-maker in the United States and the second most productive in the world, averaging tons per employee, per year. Nucor managed to achieve this success using a low-cost strategy, which proved to be particularly suitable in the highly competitive, commodity-like steel industry. Despite its positive performance, competition in the U.
Nucor SWOT Analysis, Competitors, STP & USP
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Share prices for U. But does this impressive run make Nucor a buy? Here are four things to consider about this company before you pull the trigger. Nucor lays claim to being the largest and most diversified steelmaker in the United States. It has the No.
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In general, U. S steel producers composed of integrated steelmakers and mini-mill companies are situated in the midst of an increasingly competitive environment in both the domestic and global scale which adversely affects their profitability. This competition is characterized by a fierce competition among steelmakers to capture a significant portion of the steel market in light of the fact that the global supply of steIt is clear that U. Ibid Consequently, there is a fierce competition among steelmakers to lower product prices in order to capture a significant portion of the market.
S steel companies faced several challenges which forced them to change their strategies or adapt new strategies. Some of the challenges are described below:. The steel industry of U. S had far more production capacity than was needed to meet market demand.