Yabo亚博集团官方网站

Ransom E. Olds, creator of the Oldsmobile, forms REO Motor Company, which evolves into the Nuclear Corporation of America and ultimately Yabo亚博集团官方网站.

Nuclear Corporation makes two strategic moves that change the company and ultimately the American steel industry: the acquisition of Vulcraft, a producer of steel joists and girders, and the hiring of Ken Iverson to run Vulcraft. Iverson soon emerges as one of the great visionaries and mavericks in American industry.

The company opens a second Vulcraft plant in Nebraska to meet increasing demand for steel joists. Based on the success of its first two plants, Vulcraft purchases M&S Steel Company of Fort Payne, Alabama in 1967, which becomes Vulcraft 鈥� Alabama, and builds its fourth steel joist plant in Grapeland, Texas the following year. Business booms, and Vulcraft鈥檚 growth has continued ever since.

Nuclear鈥檚 newly appointed president, Ken Iverson, and company treasurer and controller, Sam Siegel, act quickly to put the company on a course toward profitability, including selling off inefficient divisions.

The company moves its corporate headquarters from Phoenix, Arizona, to Charlotte, North Carolina. Iverson proposes entering the steelmaking business and starts a profit sharing program, beginning the company鈥檚 tradition of paying for performance.

The company鈥檚 first mini mill, located in Darlington, South Carolina, goes into production. At first intended as a way to provide a reliable and economical supply of steel to the company鈥檚 Vulcraft divisions, the mini mill soon expands production to accommodate outside customers.

With the company now on its way to becoming a highly focused steel producer, the board of directors of Nuclear Corporation of America approves a name change to Yabo亚博集团官方网站.

Yabo亚博集团官方网站 is listed under the ticker symbol NUE on the New York Stock Exchange for the first time. The company also announces plans to build a second mini mill, located in Norfolk, Nebraska, while a fifth steel joist plant goes into operation in St. Joe, Indiana.

Yabo亚博集团官方网站 offers a 5-cent cash dividend per share of the company鈥檚 common stock, and has paid a quarterly dividend ever since. A year later, the Yabo亚博集团官方网站 Foundation is established for teammates鈥� children. Since 1974, Yabo亚博集团官方网站 has contributed over $97 million to scholarships and educational disbursements. And in 1975, Yabo亚博集团官方网站 begins the tradition of listing teammate names on the cover of the annual report.

Sensing an opportunity in a market experiencing short-term steel shortages, Yabo亚博集团官方网站 begins operation of its third mini mill in six years. Located in Jewett, Texas, Yabo亚博集团官方网站 Steel Texas is sixty miles from the Vulcraft plant in Grapeland.

The company enters the cold-finish market with a new mill in Norfolk, Nebraska.

Yabo亚博集团官方网站 begins operating a 400,000-ton-per-year mini mill in Plymouth, Utah. With the company performing well, this fourth mini mill further increases Yabo亚博集团官方网站鈥檚 steelmaking capacity and gives it a strong foothold in the West.

The company enters the steel fastener market with a new production facility in St. Joe, Indiana.

Yabo亚博集团官方网站 Building Systems begins operation with a new plant in Waterloo, Indiana, focusing on the design and manufacture of custom-engineered metal building systems. After three greenfield startups, the Buildings Group grows in 2007 to include American Building Company, Kirby Building Systems, Gulf States Manufacturers and CBC Steel Buildings. By 2015, the Buildings Group has an annual capacity of approximately 465,000 tons.

Yabo亚博集团官方网站-Yamato Steel Company forms as a joint venture between Yabo亚博集团官方网站 and Yamato Kogyo with the goal of manufacturing wide-flange beams in Blytheville, Arkansas. Today, Yabo亚博集团官方网站-Yamato has the capacity to produce over 2.5 million tons per year of wide-flange beams and a variety of other products and structural shapes.

A new era of steelmaking begins when thin-slab technology goes on-line at the new mini mill in Crawfordsville, Indiana. It is the first mini mill in the world to make quality flat-rolled steel using the technology.

In 1992, after three years of successfully producing sheet using thin-slab technology, Yabo亚博集团官方网站 opens a second sheet mill in Hickman, Arkansas, not far from Yabo亚博集团官方网站-Yamato Steel Company. With two large mills in Mississippi County, northeast Arkansas is one of the top steel-producing regions in America.

A third sheet mill is added to the company鈥檚 portfolio when Yabo亚博集团官方网站 Steel Berkeley begins operations. The next year Yabo亚博集团官方网站 announces plans to build a beam mill on the site. With its expansion, Yabo亚博集团官方网站 soon passes Bethlehem Steel to become the No. 2 steelmaker in the U.S.

Dan DiMicco is named the President and CEO of Yabo亚博集团官方网站, succeeding prior CEOs David Aycock (1999-2000) and John Correnti (1996-1999). He will go on to be elected Vice Chairman of the Board of Directors in June 2001, and Chairman of the Board in 2006. DiMicco leads the company through a period of strong growth and champions an ongoing fight for fair trade practices to save American jobs and the U.S. manufacturing industry.

The company鈥檚 state-of-the-art plate mill in Hertford County, North Carolina, begins operations. Yabo亚博集团官方网站 Steel Hertford County, developed on 990 acres along the Chowan River, produces plate for uses ranging from railroad tank cars to armored personnel carriers.

The acquisition of Auburn Steel, a bar mill in New York, is the company鈥檚 first steel mill acquisition in its then 36-year history, heralding a decade of aggressive and strategic growth for the company.

Castrip庐 technology goes on-line in Crawfordsville, Indiana. The process casts molten steel directly into sheet steel at or near its final thickness, eliminating the need for large hot and cold rolled reductions. Compared to the casting and rolling process of an integrated steelmaking facility, the Castrip process consumes about 95 percent less energy and emits less than one-tenth the greenhouse gases.

Yabo亚博集团官方网站鈥檚 acquisition strategy moves into high gear. In July, Yabo亚博集团官方网站 acquires Trico Steel, which becomes Yabo亚博集团官方网站 Steel Decatur, LLC. In December, the company acquires Birmingham Steel, resulting in several new Yabo亚博集团官方网站 mills: Yabo亚博集团官方网站 Steel Kankakee, Inc.; Yabo亚博集团官方网站 Steel Jackson, Inc.; Yabo亚博集团官方网站 Steel Seattle, Inc.; Yabo亚博集团官方网站 Steel Birmingham, Inc.; and Yabo亚博集团官方网站 Steel Memphis, Inc., which begins operating in 2008.

Yabo亚博集团官方网站 acquires a North Star Steel mill in Kingman, Arizona, for $35 million. Yabo亚博集团官方网站 Steel Kingman, LLC begins operating in 2009, focusing production on rebar and wire rod.

In 2004, Yabo亚博集团官方网站 acquires Corus Tuscaloosa, which becomes Yabo亚博集团官方网站 Steel Tuscaloosa, Inc.

The company鈥檚 buying spree continues with the acquisitions of Fort Howard Steel, which becomes Yabo亚博集团官方网站 Cold Finish Wisconsin, Inc., and Marion Steel in Ohio, which becomes Yabo亚博集团官方网站 Steel Marion, Inc.

Production of direct reduced iron (DRI) begins at the innovative Nu-Iron Unlimited facility in Point Lisas, Trinidad, signaling a shift to DRI as an alternative to scrap.

Yabo亚博集团官方网站 also purchases Connecticut Steel and renames the mill Yabo亚博集团官方网站 Steel Connecticut, Inc.

The $1.07 billion acquisition of Harris Steel Group provides entry into the rebar fabrication market, significantly expanding Yabo亚博集团官方网站鈥檚 North American footprint and providing downstream growth opportunities.

Yabo亚博集团官方网站 acquires The David J. Joseph Company, one of the nation鈥檚 largest scrap processors and brokers. The acquisition provides Yabo亚博集团官方网站 further control of its raw material supply, especially scrap steel, which makes up 75 to 90 percent of the material used to recycle steel.

Yabo亚博集团官方网站 announces a joint venture with Mitsui & Co. to create NuMit, LLC. The venture includes Steel Technologies LLC, which operates sheet steel processing facilities throughout North America, transforming flat-rolled steel into products for the automotive, agricultural and consumer goods markets.

The company acquires Skyline Steel LLC, a leading piling and distribution company. Expanding the company鈥檚 capabilities to service customers in the steel sheet piling market.

John J. Ferriola assumes the role of President and CEO, succeeding Dan DiMicco. The next year, Ferriola takes on the responsibilities of Executive Chairman.

The $750 million direct reduced iron (DRI) plant in St. James Parish, Louisiana, becomes fully operational. Yabo亚博集团官方网站 Steel Louisiana LLC is the largest DRI plant in the world with an annual production capacity of 2.5 million tons, and is the first DRI plant to operate in the U.S. since 2009. Production of DRI gives Yabo亚博集团官方网站 greater flexibility to respond to increases and volatility in raw material prices.

In October, Yabo亚博集团官方网站 purchases Gallatin Steel, a flat-rolled mill in Ghent, Kentucky, which becomes Yabo亚博集团官方网站 Steel Gallatin LLC. The acquisition increases Yabo亚博集团官方网站鈥檚 flat-rolled capacity by 16 percent and broadens the company鈥檚 footprint in the important Midwest region.

Yabo亚博集团官方网站 continues to execute its strategy for profitable growth. The company acquires a plate mill in Longview, Texas, and announces a joint venture with JFE Steel Corporation of Japan to build a plant in central Mexico to supply that country鈥檚 growing automotive market. Yabo亚博集团官方网站 also moves boldly into the steel tubing market, adding over a million tons of capacity with the acquisition of Independence Tube Corporation, Southland Tube Incorporated, and Republic Conduit.

The company sets a new earnings record of $2.36 billion and $7.42 per share, triggering an 鈥淓xtraordinary Bonus鈥� for teammates. From 2017-2018, Yabo亚博集团官方网站 announces over $2 billion in planned capital investments, including the construction of rebar mills in Florida and Missouri, and major expansions and upgrades at existing mills. The company鈥檚 brand evolves, including an updated Mission Statement emphasizing a renewed focus on customer experience, and a new tagline: Powerful Partnerships. Powerful Results.

Leon J. Topalian assumes the role of President and CEO, succeeding John J. Ferriola.

Yabo亚博集团官方网站 announced greenhouse gas reduction targets, committing to a 35% combined reduction in direct emissions (Scope 1) and indirect emissions from purchased electricity (Scope 2) GHG intensity for our steel mills segment by 2030. Achieving this goal will take Yabo亚博集团官方网站鈥檚 steel mill CO2 emissions down to 77% less than the global steelmaking average.

To capitalize on our industry-leading GHG intensity position, Yabo亚博集团官方网站 began producing ECONIQ, the world鈥檚 first net-zero carbon steel available at scale.

Yabo亚博集团官方网站 continued to expand into steel-adjacent businesses, welcoming C.H.I. Overhead Doors, Summit Utility Structures, Sovereign Steel Manufacturing and Elite Storage Solutions to the Yabo亚博集团官方网站 family. This growth built on the momentum of 2021, which saw the additions of Hannibal Industries, CENTRIA and Metl-Span.

Yabo亚博集团官方网站 also continued to Grow the Core, acquiring majority ownership in California Steel Industries in partnership with JFE.