It would be easy to argue that U.S. steel giant Nucor (NYSE: NUE) is one of the best-run steel companies on the planet. A 47-year streak of annual dividend increases in a highly cyclical industry offers some pretty solid proof. The company's penchant for investing in the future is also a big part of that success, but there's a component to consider that's equally important, if not even more so.
One of Nucor's core goals is to be a leader in all of the markets it serves. It currently lays claim to being the largest and most diversified U.S. steelmaker, with 25 mills capable of producing 27 million tons worth of steel a year. It has a No. 1 or No. 2 position in 11 industry segments, and it is the largest U.S. scrap metal recycler (scrap is a key steel input for Nucor's electric arc mini-mills ).
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For further details see:
Nucor: Investing Through the 2020 Economic Downturn