Valued at a market cap of $33.5 billion, Nucor Corporation (NUE) engages in the manufacturing and selling of steel and steel products. The Charlotte, North Carolina-based company is a leading producer of structural steel, steel bars, steel joists, and steel decks, and also manufactures direct reduced iron (DRI).
Companies worth more than $10 billion or more are generally described as “large-cap stocks” and Nucor Corporation fits right into that category. The company distinguishes itself as the largest steel producer in the United States currently operating 23 manufacturing plants and is renowned for its high quality, wide variety of steel products and its innovative technologies for recycling scrap into steel.
-copy-29e15046.jpeg?w=600)
