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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 3962 |
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The Wall Street Journal predicted that only Nucor and AK Steel Holding Corporations will expect to have profits in the last quarter of 2000. Another publisher, The Economist, stated that of the 14 steel companies tracked by Standards&Poor, only Nucor was considered as healthy.
Although, steel industry was in the middle of most unprofitable and complex period ever, global steel production increased by 7% in 2000...
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The Organization for Economic Cooperation and development estimated overcapacity to be about 200million tons worldwide.
Current Strategy
Nucor used decentralization structure – all division operated autonomously. Nucor focuses on division’s earnings and expect division to earn 25% return on total assets before corporate expenses, taxes, interest, or profit sharing...
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