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by brightball 530 days ago
Where does Nucor fall in this? I don’t know anything about the steel industry but know the name.
1 comments

I don't have lived experience with Nucor, but some years ago I read "Plain Talk" by Ken Iverson, who was Nucor's CEO. I don't have context but I remember it being a breezy, folksy management book, and one that had high believability because it came from the horse's mouth -- not some management consultant. It doesn't mean there's no hagiography, but at least you get more practicality out of CEO-written books than management consultant fluff.

Nucor today is the largest steel company in the US (and more profitable than US Steel). I believe they too produce commodity steel, but they were able to stay competitive because of good management, investment in updated technologies like electric arc furnaces, and focus on the quality and service market segments that foreign steelmakers have a hard time competing in.