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Unformatted text preview: factors. Nucor has established a raw materials strategy to control directly and indirectly through joint ventures with various partners, the production of 6,000,000 to 7,000,000 tons per year of high quality metals for consumption at its steel mills. A strong technology base enables Nucor Company to reduce its operating costs and compete effectively in the market. They need to continue to grow technologically to be able to differentiate their product line so that they can compete on a basis of cost and product differentiation. Nucor Corporation has many different competencies that allow them to hold a strong position in the steel industry. The company has very good industry position and positive financial results for the past 40 years. Because they are in such a mature industry, they need to continue to grow their product line and continue to progress forward so that they do not lose market share over the next few years....
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