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Nucor Corporation BUY Packet. Overview. Exchange: NYSE Sector: Industrial Materials Industry: Steel PEG Ratio: 0.70 ROE (2yr): 10.66 Current Price: $53.78 52 week range: $38.83-$54.63. Company. Steel Production Electric Arc Furnaces Recycling Scrap Metal Products
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Overview • Exchange: NYSE • Sector: Industrial Materials • Industry: Steel • PEG Ratio: 0.70 • ROE (2yr): 10.66 • Current Price: $53.78 • 52 week range: $38.83-$54.63
Company • Steel Production • Electric Arc Furnaces • Recycling Scrap Metal • Products • Steel Joists, Rebar, Fasteners, Beams • 212 Facilities in 22 states • HQ: Charlotte, NC • 20,000 workers
Innovation • Electric Arc Furnaces • Less labor intensive • Less energy intensive • Direct Reduced Iron (DRI) • Low cost • Uses raw materials or scrap metal • Low cost Natural Gas • Encana Oil and Gas contract • Higher Quality
Thesis • Strong company and is an industry leader. Through its innovative use of electrical arc furnaces and recycling business Nucor has a strong business model that is unique from other companies in the steel industry. Although the metal and steel industries have been struggling, Nucor is financially strong and is believe to increase in value, especially when the metals industry recovers.
Future Difficulties • Metals industries performance • Lack of Demand • Over Supply • Slow Construction Industry • Slow growth in China