Nucor 2011 Annual Report Download

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Please find the complete 2011 Nucor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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JOHN RADCLIFFE
JOHN J RADFORD
KENNETH RADFORD
KRISTOPHER B RADKE
SHELLEY L RADKE
DALE RADOMSKE
ADRIAN RADULESCU
ROBERT L RAEDEL
CHRISTOPHER RAFFANTI
DARRELL F RAGLAND
BHARATH RAI
DANA RAIDER
DAVID LEE RAINES
JEWETT D RAINES
ANDREW F RAINEY
EDDIE RAINEY
EMMETT GLENN RAINS
JOE COREY RAINS
SHAWN RAINVILLE
YVON A RAINVILLE
CURTIS RAITHEL
REYMOND X RAJ
GOPI RAJAGOPAL
ESWARLAL RAJAN
JEEWANA T RAJAPAKSA
HARSHA RAJAPAKSHA
JOHN J RAKOS
PAUL ANTHONY RALEY
SUJATHA RAMACHANDRAN
K RAMALINGAM
RAMKUMAR RAMASAMY
ANIRUDH RAMBADHAN
MIGUEL RAMCHARAN
RICHARD RAMCZYK
CHRISTOPHER W RAMER
DARIN D RAMER
VASANTHA P RAMESH
BRAD L RAMEY
ALEJANDRO RAMIREZ
DAVID RAMIREZ
DAVID RAMIREZ
FRANCISCO RAMIREZ
GERARDO RAMIREZ
JAVIER RAMIREZ
JESUS S RAMIREZ
JOEL O RAMIREZ
JORGE RAMIREZ
MANUEL RAMIREZ
NAPOLEON RAMIREZ
NICOLAS RAMIREZ
PASCUAL RAMIREZ
RUBEN RAMIREZ
SALVADOR F RAMIREZ
RONALD RAMKEESOON
DENNIS RAMKISSOON
MARK BRIAN RAMKISSOON
SAMUEL RAMLAGAN
RODNEY RAMNARINE
SUNE AL RAM NATH
CRISTOBAL RAMON
AGUSTIN RAMOS
CANDIDO N RAMOS
EDWIN G RAMOS
FELIPE RAMOS
JOSEPH RAMOS
MARTIN RAMOS
RAMON RAMOS
VLADIMIR RAMOS
CLIVE RAMPAUL
SANDRA RAMPERSAD
SHOBHA RAMPERSAD
GREGORY R RAMPTON
JOEL J RAMPULLA
ODITH N RAMRUCH
RYA N R AMSAWAK
KRISTOPHER R RAMSDELL
REO T RAMSDELL
RICK D RAMSDELL
CHERYL CHARNELLE RAMSEY
JAMES A RAMSEY
KAREN DIANE RAMSEY
MARK E RAMSEY
CHRISTOPHER J RANALLI
SUNEETHA RANASINGHE
DENISE M RAND
DAVID ERNEST RANDALL
STEPHEN RANDALL
WILLIAM D RANDALL
ROB RANDE
ROBERT A RANDLE
MICHAEL A RANDLES
JAMES M RANDOLPH
ROBERT ROY RANDOLPH
SEAN H RANDOLPH
BENJAMIN MICHAEL RANES
CAROL A RANES
CHRISTOPHER E RANES
SILAS RANEY
AARON A RANGEL
RUDOLPH J RANGEL
MITCH RANGER
JAMES L RANK
THERESA MARIE RANKIN
CHAD RANSBOTTOM
KEITH L RANSEN
CLAYTON D RANTON
MICHAEL A RANUCCI
ANANDAKRISHNAN P RANVIAN
BALAJI S RAO
SITHARAMA RAO
SRINIVAS K RAO
JOSHUA SHAUN RAPER
ADAM C RAPERT
JOSHUA E RAPIER
JOHN RAPLEY
MARIO RAPOSO
JAMES R RAPPOLEE
PHILIP J RARDON
RICHARD A RARICK
GREGORY S RASMUSSEN
RUSSELL E RASMUSSEN
TERRY L RASMUSSEN
THOMAS L RASMUSSEN
DARRICK T RATCLIFF
RODGERS RATCLIFF
TERRY H RATH
JOHN RATHBONE
JEFFRY RATLIFF
THOMAS E RATLIFF
FRANKIE JAMES RATLIFF ZAMORA
LINDSE Y D R ATTA N
MATHE W R ATTR AY
VALERIE L RAU
JOHNNY WADE RAULERSON
DENNIS G RAUSS
JUSTIN G RAVENBURG
JACOB RAVENELL JR
RICKY RAVENELL
SHAWN D RAVENELL
SAKTHI K RAVINDRAN
JASON DANIEL RAWL
GEOFFREY O RAWLS
SABRENA LAURINE RAWLS
AMON R AY
CHRISTOPHER J RAY
DAVID GORDON RAY
DEREK L RAY
GEORGE E RAY
HAROLD R AY
JAMES C RAY II
JASON D RAY
JOSHUA K RAY
JUDY IRENE RAY
KEVIN D RAY
ROWAN RAY JR
GENE D RAYBURN
ROBERT LEE RAYBURN
ELIZABETH R RAYLE
DARREN RAYMOND
RODNEY LEE RAYMOND
JOSE D RAYO
MARK A RAZER
BRUCE D REA
FRANKIE R READ JR
JOHNATHAN K READ
JOSHUA READ
DAVID V READING
LARS G REAFLER
IDA DELLA REAGAN
WILLIAM A REALIN
DONNA L REAMS
GENE ALLEN REAMS
JACKIE REAMS II
NATHAN REAP
THOMAS L REASONS
KYLE L REATH
GERALD J REAUME
DAVID G REAVES
DONNA JOY REAVES
RICHARD K REAVES
MARTIN D REBBEC
DEBBIE L REBENSDORF
MATTHEW MARCUS REBSTOCK
SHANE RECE
JACOB ANDREW RECKNER
PHILIP C RECORD
MATTHEW J RECTOR
RICHARD LOGAN RECTOR
FRANK A RECTOR SR
MATTHEW CALEB REDDEN
STEPHEN REDDEN
DEVAIL A REDDIN
KENNETH REDDING
TIMOTHY W REDENBAUGH
THOMAS L REDIGER
JASON CHRISTOPHER REDMAN
DAVID J REDMON
NEAL W REDMON
PAUL J REDMOND
THOMAS R REECE
ALAN C REED
ARTHUR B REED
C SHANE REED
CHARLES D REED JR
CHRISTOPHER E REED
DEQUARIS T REED
DONNIE REED
GERRIT E REED
JASON REED
JED REED
KENNETH L REED
MARK REED
MICHAEL D REED
MICHAEL F REED
RANDALL L REED
RHONDA LEIGH REED
ROBERT S REED
TIMOTHY D REED
GUY REEDER
PATRICIA A REEDER
TERRY E REEDER JR
TJ LEWIS REEDER
DAVID L REEDY
CHARLES LAWRENCE REEP JR
STEVEN M REEPS
H BRADLEY REES
DARRYL D REESE
JACOB I REESE
JEFFREY W REESE
STEVEN D REESE
TIMOTHY L REESE
WALTER L REESE
JIM REESOR JR
COLBY M REEVES
DAVID J REEVES
JACKIE D REEVES
JEFF REEVES
RICK REEVES
ROBERT THOMAS REEVES
ROBERT V REEVES JR
RODNEY B REEVES
STEFANIE L REEVES
TIMOTHY J REEVES
JERRY L REFNER
JEFFERY T REGEL
KENNETH L REGLIN
AYESHA REHMAN
CHRISTOPHER REIBEL
MICHAEL K REICK
BRADLEY LANCE REID
BRANDON A REID
BRYAN F REID
DENNIS C REID
DOUGLAS REID
JOHN H REID
TERESA J REID
WILLIAM V REID
SCOTT A REIDT
DAVID A REIFENRATH
SHELBY R REIFSTECK
TERRY L REIGLE
RONALD D REILAND
LISA M REIMERT
JOEY A REINER
SCOTT REINHARDT
DAVID M REINHART
JOSEPH P REINHART
LUCAS J REINHART
DAVID REINHOLD
KEITH A REINIG
KEVIN REINIG
MICHAEL D REINKEN
NICHOLAS J REINOEHL
PHILIP C REINOEHL
TODD E REINOEHL
JOHN A REISE
KYLE N REISENWEBER
ADAM REISINGER
CLINT O REISNER
JERRY A REISNER
LUKE A REISNER
BRUCE D REISSER
WAYNE E REISSMANN
TAMI R REITH
ADRIAN REJMINIAK
DANIEL P REKIETA
DAVID REKIETA
RAYMOND F REKIETA
REGINALD C REKIETA
JENNIFER M RELYEA
BROOKS L REMP
CORY A RENFRO
CECIL M RENFROE
CHRIS RENFROE
ALLEN RENFROW SR
DAVID C RENFROW
GARY RENFROW
SAKTHIVEL RENGANATHAN
SENTHILKUMAR RENGANATHAN
JORDEN A RENKAS
JACQUELINE L RENN
JOSH RENNEBOOG
KENNETH R RENO
R SCOTT RENO
DONALD D RENTER
HECTOR RENTERIA
MIGUEL RENTERIA
PABLO RENTERIA
MICHAEL R REPP
CHRISTOPHER L REQUA
JOSE MANUEL REQUENA
MOISES REQUENA
REYNALDO R REQUENA
LEOPOLDO RESENDIZ-RAMIREZ
JOSEPH T RESSEGER
LAURA A RET
KATHLEEN M RETHWISCH
DANA RETIEFFE
CALVIN RETMAN
CALVIN S RETZLAFF
SHAWN E REUM
CHRISTOPHER J REUSS
ELVIN EUGENE REUTER
CHARLES W REVELL SR
COLIE REVELL JR
GUY S REVELL
JAMES R REVELL SR
ALLEN REVELLE
MARLIN R REVERTS
ERNESTO R REVILLA
DAVID C REXRODE
BASILIO REYES
ERNESTO REYES
GABRIEL G REYES
JAVIER G REYES
JESUS V REYES
JOSE J REYES
MARK A REYES
PAUL A REYES
ROQUE LUIS REYES
SANCHO C REYES
RONY A REYES SANCHEZ
OCTAVIO REYES-GARCIA
JOSE A REYNA
MANUEL REYNA
ANTHONY REYNOLDS
BENJAMIN J REYNOLDS
BRIAN L REYNOLDS
CANDY REYNOLDS
CHRISTOPHER REYNOLDS
DANIEL L REYNOLDS
DARIN L REYNOLDS
DAVID L REYNOLDS
DEVIN D REYNOLDS
DOUGLAS J REYNOLDS
GREGORY D REYNOLDS
JERREL W REYNOLDS
JODY L REYNOLDS
LARRY L REYNOLDS
LUKE A REYNOLDS
MARILYN A REYNOLDS
MARK P REYNOLDS
MARTIN H REYNOLDS
MELEAH B REYNOLDS
SCOTT T REYNOLDS
STEPHEN D REYNOLDS
STEVEN E REYNOLDS
THOMAS R REYNOLDS
FERNANDO REYNOSO
MARTIN RHEA
JOSHUA J RHEAD
JEFFREY L RHINE
KENNETH A RHOADES
MIKE RHOADES
GARY WAYNE RHOADS
KEON J RHODAN
BILLY D RHODEN
CHARLES L RHODEN
CAROL L RHODES
CLYDE RHODES
DAPHNE DEANNE RHODES
DEBORAH ANN RHODES
DEREK RHODES
GARY M RHODES
IRENE C RHODES
JIMMY W RHODES
JOSEPH MICHAEL RHODES
KENNY L RHODES
KIMBERLY WEBB RHODES
MICHAEL A RHODES
MICHAEL J RHODES
ROCKY WAYNE RHODES
SCOTT RHODES
SHELBY D RHODES
BRANDON E RHONEHOUSE
NATHAN E RHONEHOUSE
ROGER D RHONEHOUSE
BARRY RHYMES
DAVIDE RICCARDI
ENZO RICCIO
CHRISTOPHER D RICE
CLINT E RICE
DAVID E RICE
DOUGLAS E RICE
DWIGHT R RICE
JASON B RICE
MATTHEW RICE
PAUL D RICE JR
RAYMOND CARROLL RICE JR
RYAN D RICE
THOMAS H RICE III
WILLIAM S RICE
BARBARA RICH
CHARLES L RICH
MELISSA RICH
MICHELE R RICH
REX LAMONT RICH
TIMMY L RICH
TYLER D RICH
CHARLES K RICHARD
ROBERT A RICHARD
TIMOTHY P RICHARD
BRIAN DAVID RICHARDS
DENISE RICHARDS
JEANINE W RICHARDS
JERRY RICHARDS
JOHN DAVID RICHARDS
PETER C RICHARDS
ANNA M RICHARDSON
BRETT A RICHARDSON
CHAD N RICHARDSON
CLIFTON S RICHARDSON
CONEAL J RICHARDSON
DAVID RICHARDSON
DAVID J RICHARDSON JR
EDWARD W RICHARDSON
ELLA L RICHARDSON
ERIC E RICHARDSON
GEORGE LARRY RICHARDSON
JAMES A RICHARDSON
JEFFREY B RICHARDSON
JONATHAN R RICHARDSON
KYLE J RICHARDSON
MARLON RICHARDSON
MARY N RICHARDSON
MAURICE RICHARDSON
MICHAEL E RICHARDSON
MICHAEL J RICHARDSON
NEDRA COLETTE RICHARDSON
PATRICK R RICHARDSON
PAULA A RICHARDSON
ROBERT WARREN RICHARDSON
STEPHEN W RICHARDSON
TED L RICHARDSON
TERRY M RICHARDSON
WADE CLAYTON RICHARDSON
WALTER D RICHARDSON
WILLIE J RICHARDSON
LEROY J RICHART
SHAD L RICHART
WILLIAM L RICHERZHAGEN
RUSSELL RICHESON
JERRY L RICHEY
JOHN BRITTON RICHEY
LEONARD RICHEY
WESLEY R RICHEY
GERALD RICHIE
DARVEL G RICHMAN
JEREMY A RICHMAN
FREDRICK RICHMOND
GARY RICHMOND
BRIAN L RICHTER
HOWARD A RICHTER
TIFFANY M RICHTER
RANDY ROY RICKARD
KURT R RICKENBACH
DYLAN A RICKETTS
ROGER RICKETTS
JOEL S RICKEY
KENNETH RICKMAN
BILLY J RICKS
GRADY CHADWICK RICKS
JOHN E RICKS
LAURA RIDDELL
ROBERT RIDDELL
BRIAN KEVIN RIDDICK
JAMES R RIDDICK
PATRICK L RIDDICK
WILLIAM C RIDDICK JR
LARRY D RIDDLE
TIM E RIDDLE
C P RIDENHOUR
GEOFFREY RIDENOUR
JOSEPH M RIDER
RUEY JENNIFER RIDER
KYLE B RIDGE
SCOTT C RIDGEWAY
EDDIE P RIDINGS
JOHN WESLEY RIDINGS
SCOTT RIECK
CRAIG S RIEDEL
JAYSON A RIEDEL
DEBRA E RIEDY
CHRISTOPHER R RIEGER
REBECCA S RIEHLE
ANTHONY RIEK
RUSSEL H RIEMER
MARY RIESBERRY
DOUGLAS D RIFE
GREGORY RIFFELL
GARY K RIFFLE JR
JEFFREY L RIFFLE
REID RIGBY
GARY A RIGGS
JASON A RIGGS
LYLE RIGGS
MICHAEL K RIGGS
MURRAY K RIGGS
RAY A RIGNEY
BARBARA J RIGOULOT
PATRICK WAYNE RIICKERT
BRANDY M RILEY
CHAD C RILEY
CHRISTOPHER M RILEY
DONALD L RILEY
JACKIE RILEY
JUDITH L RILEY
MINCESE KERTIS RILEY
SCOTT J RILEY
WILLARD E RIMBEY
RHETT W RINACA
ROBERT LEE RINARD
ART RINBOLT
MIGUEL A RINCON-GONZALEZ
JERRY RINE
GLENN E RINEHART
KATHY RINEHART
RUSS A RINEHART
ZACHARY W RINEHART
REBECCA RINEY
TROY L RING
FERJERALD R RINGER
CLAYTON RINGROSE
JAMES W RINICKER
CLINTON T RINKLE
ARTURO M RIOS
GUSTAVO RIOS
NILDA RIOS
DIANE MARIE RIOUX
GEORGE C RIPLEY
JEFF RISDILL
PAUL A RISING
ALLEN J RISINGER
DANIEL J RISINGER
MARK A RISINGER
NICHOLAS B RISNER
RICHARD T RISNER
MAX R RISSER
DANIEL THOMAS RISTON
GEORGE A RITCH
DANIEL M RITCHEY
BILL RITCHIE
JEREMIAH S RITCHIE
JENNIFER DENISE RITTALL
WILLIAM H RITTER
ANTONIO C RIVAS JR
HILMAR RIVAS
JESSE A RIVAS
OSCAR RIVAS
THOMAS E RIVAS
MARLON RIVAS CASTRO
JESSE T RIVENBARK
ARNULFO RIVERA
BARBARA RIVERA
BILLY J RIVERA
EDWIN RIVERA
ELIEZER RIVERA
ERIK RIVERA
JASON P RIVERA
JEOVANNI RIVERA
LUIGUI RIVERA
LUIS E RIVERA
MANUEL E RIVERA
MARISA DENISE RIVERA
WILLIAM RIVERA
JOSE RIVERA REYES
PEDRO RIVERA-NUNEZ
JACQUELYN RIVERS
JEFFERY L RIVERS
JOHN A RIVERS
SCOTT A RIVERS
ANDRE RIVEST
DIANE M RIX
BALTAZAR RIZZO
SALVATORE RIZZO
DAMON ROACH
DANIEL D ROACH
MICHAEL E ROACH
SCOTT ROACH
FLOYD MICHAEL ROACHE
BRENDA F ROARK
DAVID B ROARK
DONALD WAYNE ROARK
JANET D ROARK
K DOUGLAS ROARK
KEVAN MICHAEL ROARK
MATHEW HOWARD ROARK
CHARLES R ROARKS
EVAN ROBB
LARRY R ROBBINS
PATSY SHAVER ROBBINS
ROBERT D ROBBINS
VERL R ROBBINS
TAMI K ROBBINS-RIGUS
BOBBY J ROBERSON
ERNEST A ROBERSON
HERBERT A ROBERSON
JEFFERY S ROBERSON
JEREMY E ROBERSON
LEONARD JASON ROBERSON
LORI ROBERSON
WILLIAM C ROBERSON
WILLIAM E ROBERSON
STUART L ROBERT
BARRY ROBERTS
BOBBY C ROBERTS
CARY F ROBERTS
CHARLES A ROBERTS
CHRISTOPHER A ROBERTS
CODY B ROBERTS
CRAIG A ROBERTS
DANIEL ROBERTS
DANIEL B ROBERTS
DANNY ROBERTS JR
DONANNA J ROBERTS
DONOVAN R ROBERTS
EVAN ROBERTS
FREDERICK C ROBERTS
GARY WAYNE ROBERTS
GEORGE J ROBERTS
HEATHER ROBERTS
HENRY L ROBERTS
JAMES H ROBERTS
JAMES M ROBERTS
JASON ROBERTS
JOHN ALLAN ROBERTS
JOSEPH ANDREW ROBERTS
JOSH D ROBERTS
KATHRYN ROBERTS
KEISHA ROBERTS
LARRY CHUCK ROBERTS
LISA ROBERTS
MARK L ROBERTS
MATTHEW D ROBERTS
MICHAEL S ROBERTS
NATHANIEL ROBERTS
PATRICK D ROBERTS
PAUL D ROBERTS
RAYMOND BRIAN ROBERTS
RUSSELL T ROBERTS
SCOTT W ROBERTS
SHELDON ROBERTS
STEVEN ROBERTS
TIMOTHY S ROBERTS
JOHNATHAN ROBERTS-MONGER
BEVERLY S ROBERTSON
CHARLES D ROBERTSON
CLIFFORD M ROBERTSON JR
COLLEN W ROBERTSON
DARRELL JEFFERY ROBERTSON
DENNIS L ROBERTSON
EDWARD ROBERTSON
JOHN H ROBERTSON
JOHN MARCUS ROBERTSON
KENNETH ROBERTSON
LARRY R ROBERTSON
LORENZO J ROBERTSON
MARTIN DARIAN ROBERTSON
MICHAEL T ROBERTSON
RANDY L ROBERTSON
REID ROBERTSON
WARREN SCOTT ROBERTSON
ALAIN ROBICHAUD
PAUL E ROBICHAUD
RUSSELL E ROBILLARD
SONY ROBILLARD
TERRY ROBILLARD
KEVIN W ROBINETT
KURT M ROBINETTE
TAMI ROBINETTE
PAUL ROBINS
CORNELIUS R ROBINSON
D JUDD ROBINSON
DEREK D ROBINSON
FRANK ROBINSON
GERALD ROBINSON
GRAGORY ROBINSON
JASON M ROBINSON
JEFFREY D ROBINSON
JEFFREY LEE ROBINSON
JEREMY ROBINSON
JESSE L ROBINSON
JESSICA K ROBINSON
JOHN C ROBINSON
JOHN M ROBINSON III
JOHNNY ROBINSON
KENNETH D ROBINSON
M BERT ROBINSON
MARLOW ROBINSON JR
MICHAEL LARAY ROBINSON
PATRICK G ROBINSON
PATRICK S ROBINSON
PHILL R ROBINSON
RICKEY LYNN ROBINSON
ROGER D ROBINSON
RONNIE ROBINSON
SHADD D ROBINSON
STUART ROBINSON
THOMAS ROBINSON JR
THOMAS E ROBINSON
WAYNE A ROBINSON
WAYNE H ROBINSON
JAYSON N ROBISON
MICHAEL E ROBISON
MILFORD D ROBISON
PHILLIP C ROBISON
SHELLEY K ROBISON
JOSE L ROBLES
JUAN M ROBLES
RICHARD L ROBSON
CHRISTIAN D ROCCATANI
ARTURO Z ROCHA
MARY LOUISE ROCHA
DARRIN M ROCHE
DAVID ROCHE
JAMES ROCHE
JASON P ROCHE
CRAIG S ROCKWELL
DAVID L ROCKWOOD JR
JAMES K ROCOLE
RONALD D ROCZNIAK
LARRY B RODDEY
PATRICK J RODECKER
RICHARD N RODEN
LUIS RODENAS
RICK L RODENBECK
MICHAEL RODEY
MARGARET RODGER
DEREK M RODGERS
GREG A RODGERS
JAMES C RODGERS
RACHELLE L RODGERS
RAYCE W RODGERS
ROGER B RODGERS
ROBERT RODGERS JR
STEVEN RODKEY
BURTON L RODMAN
CARLOS A RODRIGUES
ABELARDO RODRIGUEZ
ADRIAN E RODRIGUEZ
ANTONIO RODRIGUEZ
ARTHUR J RODRIGUEZ
ARTURO RODRIGUEZ
BARBARO LUIS RODRIGUEZ
CARLOS L RODRIGUEZ
DAVID RODRIGUEZ
ESMERALDA RODRIGUEZ
FRANCISCO RODRIGUEZ
JESUS RODRIGUEZ
JORGE LUIS RODRIGUEZ
JOSE A RODRIGUEZ
JOSE L RODRIGUEZ
JUAN J RODRIGUEZ
JUAN M RODRIGUEZ
LUIS FERNANDO RODRIGUEZ
MARTHA ALICIA RODRIGUEZ
MIGDOEL RODRIGUEZ
MITZI L RODRIGUEZ
PEDRO RODRIGUEZ
RAFAEL RODRIGUEZ
RAFAEL C RODRIGUEZ
RALPH RODRIGUEZ
RAUL E RODRIGUEZ
SANDRA J RODRIGUEZ
ERICK A RODRIGUEZ CARPIO
JUAN C RODRIGUEZ CESPEDES
JOSE R RODRIGUEZ HERNANDEZ
JORGE RODRIGUEZ LOPEZ
SALVADOR RODRIGUEZ PRECIADO
JERRY RODRIQUE
ANTONETTE M RODRIQUEZ
GARY ROE
ROBERT G ROE
CHARLES ROEBUCK
WILLIAM R ROENFELDT
JOHN SCOTT ROESCH
JOSEPH A ROESEL
CODY P ROEWERT
GEORGE EDGAR ROFE
CHARLES H ROGERS JR
CHARLES P ROGERS
CHRISTOPHER ROGERS
DEMETREIUS ROGERS
DONNA A ROGERS
DOUGLAS N ROGERS
DUSTIN B ROGERS
DUSTIN M ROGERS
GREGORY P ROGERS
JAMES A ROGERS
JEFFERY A ROGERS
JEFFREY S ROGERS
KENDRIX P ROGERS
LARRY STEPHEN ROGERS
MARK A ROGERS
MICHAEL L ROGERS
MICKEY FRANK ROGERS
NATHANIEL ROGERS
SHARON G ROGERS
STEPHEN W ROGERS
THOMAS C ROGERS JR
TOBIAS J ROGERS
TONY L ROGERS
TROY ROGERS
TYLOR JAMES ROGERS
VANESSA LYN VAN GIESSEN ROGERS
VERNON R ROGERS
SHANNON D ROGERSON
SHERRIE ROGOFF
STUART D ROHL
ROBERT F ROHLEDER JR
GREGORY R ROHM
EVAN ROHR
KIRK M ROHRBAUGH
MARSHA L ROHRS
LUIS M ROJAS
ROGELIO V ROJAS
DAVID T ROKER
TOORAJ ROKNI
MARY C ROLAND
TRAVIS S ROLAND
WILLIAM D ROLAND
JOSE ROLANDO-CHAVEZ
ERIC D ROLF
WESLEY S ROLLINGS
DAVID L ROLLINS
JAMES E ROLLINS
JAMES LAWRENCE ROLLINS
JOSEPH M ROLLINS
PEGGY C ROLLINS
PHILLIP M ROLLINS
KELLY P ROLOFSON
JAMES E ROLOSON
THOMAS J ROMANO
WALTER P ROMANO
JON M ROMANOVICH
CRYSTAL ROMANUK
SHELLEY B ROMARD
AUSTIN L ROMEO
MATHEW W ROMER
ADAM ROMERO
JOSE ROMERO
JUAN P ROMERO
LAWRENCE O ROMERO
LUIS CAMARENA ROMERO
JAMEY BRANDON ROMHILT
MICHAEL ROMICH
DARRELL WADE ROMINE
JUSTIN R ROMINE
JUAN J RONCANCIO
JAMES R RONCORONI
STEPHEN J RONCSKEVITZ
ROBERT R RONDEAU
SANDRA E RONNFELDT
PATRICK A RONSPIES
RICHARD V RONZIO
JUDITH D ROOD
CORY J ROOF
RICHARD W ROOF
BENNY ROONEY
KEVAN B ROONEY
ROSS D ROOT
GREGORY B ROPER
JOHN ROPER
ANGEL ROSA
JOSE F ROSALES
LEANDRO ROSALES
RICARDO ROSALES PEREZ
JOSE ROSALES TEJEDA
RUEBEN R ROSALEZ
LUIS ROSARIO
CHRISTOPHER ROSBURY
RICHARD ROSCOVICH
ALEX ROSE JR
BARBARA ROSE
BEVERLY L ROSE
CHRISTOPHER ROSE
CHRISTOPHER J ROSE
CRAIG J ROSE
DAVID ROSE JR
DONALD S ROSE
ELDEN E ROSE
JAMES ROSE
JASON M ROSE
JOHN M ROSE
MICHAEL LEE ROSE
RANDY J ROSE JR
RICHARD W ROSE
RONALD G ROSE SR
TEENA A ROSE
HENRY K ROSEBERRY
TODD W ROSEBROUGH
CHRISTOPHER R ROSEKRANS
KEVIN D ROSENAU
JAMES E ROSENBAUM
WALTER D ROSENBAUM
BRUCE O ROSENBROCK
DENNIS A ROSENBROCK
REID E ROSENDAHL
ADAM L ROSENKRANS
RONALD A ROSET
DAVID J ROSEWARN
RUDI J ROSINSKI
DARREN A ROSS
DONNY W ROSS JR
GEORGE ROSS
JEFFREY M ROSS
JEFFREY M ROSS
JEVON D ROSS
JOSEPH P ROSS
MICHAEL L ROSS
NEAL C ROSS
RUSSELL S ROSS
TIMOTHY R ROSS
WILLIAM ROSS
WILLIAM R ROSS
KYLE ROSSALL
MARK ROSSALL
JAMES ROSSER
JENNIFER L ROSSITER
JARED L ROSSMAN
JASON ROSSOTTI
DEREK ROTH
FRED T ROTH
GRANT J ROTH
KENT M ROTH
MICHAEL R ROTH
ROBERT A ROTH
SKYLER S ROTH
TROY B ROTH
TYLER L ROTH
LAWRENCE EDWARD ROTHELL
ANTHONY L ROTHERHAM
TERRY L ROTHERHAM
GREGORY A ROTHERMICH
PAUL N ROTHFELD
SHARON N ROTROFF
BRENT A ROTTE
ROGER A ROUNDS
HUNTER GLEN ROUNSAVILLE
BRIAN K ROUNTREE
MICHAEL RAY ROUNTREE
ERICK S ROUSE
ETHEL MARIA ROUSE
KEVIN S ROUSE
STEVEN DELOYAL ROUSE
ELIZABETH A ROUSH
TODD ROUSH
GAETAN ROUSSEL
MARCEL ROUSSEL
NORBERT ROUSSEL
MARCEL ROUSSELLE
JAMES C ROVITO
NORMAN J ROWAN
DAVID W ROWDEN
JOHN ROWDEN
CHRIS ROWE
JASON L ROWE
KENNETH ROWE
MARY ROWE
MICHAEL ROWE
MICHAEL D ROWE
WILLIE F ROWE
DAVID E ROWELL JR
JACKIE D ROWELL
STEVEN J ROWLAN
AARON ROWLAND
CHRIS ROWLAND
DANIEL ROWLAND
HERBERT D ROWLAND JR
JENNIFER ROWLAND
JON D ROWLEY
IRENIS ROWLISON
ALLISON K ROWNTREE
LYNDA D ROWSOM
ALEXENDRE ROY
KEN R ROY
MARC ROY
ROBERT W ROY
SHANE M ROY
KITTY ROYCROFT
WENDY L ROYEA
RICHARD Y ROYER
JAMIE ROYS
RICK ROZON
MAREK S ROZWOOD
KATHERINE M RUANO-CASTILLO
DALE W RUARK
EUGENE A RUARK JR
JOSHUA D RUARK
CHRISTOPHER ALFONSO RUBIO
JOHN E RUBLE
CHRISTOPHER RUCCO
ANGELICA RUCKER
CARLOS J RUCKER
JEFFREY V RUCKER
KENNETH MICHAEL RUCKER
LAVEIL RUCKER
SEAN RUCKLE
ANGELA M RUCKMAN
JEFFREY N RUCKMAN
KERRY RUCKMAN
KEVIN J RUCKMAN
TIMOTHY J RUDDICK
BRYAN C RUDLOFF
DAN RUE
MARK A RUEL
DENNIS K RUFF
JUDY A RUFF
KIM BRITT RUFFIN
TIMOTHY G RUGE
BRETT A RUGG
DOLAN J RUGGLES
MICHAEL D RUGGLES
BRENT A RUHL
LLOYD RUHL
ROBERT RUHL
ABEL RUIZ
ALFONSO S RUIZ
CAIN A RUIZ
DAVID RUIZ
ISMAEL RUIZ
JESUS RUIZ
JOE RUIZ
JOSE G RUIZ
JOSE SANTOS RUIZ
LEO RUIZ
LUIS RUIZ
MANUEL RUIZ
MICHAEL A RUIZ JR
QUIRINO MONTES RUIZ
SALVADOR D RUIZ
RAUL RUIZ ANGEL
ALEJANDRO RUIZ PEREZ
HARRY L RUMPH IV
TREVOR J RUNDE
MARK A RUNDLES
HERBERT L RUNNELS
LORI LEE ANN RUNYON
NAVIN RUPAN
BRENT D RUPERT
KENNETH RUPIL
DEAN M RUPP
JOSHUA M RUPPERT
MICHAEL L RUPPERT
RODNEY L RUPPERT
ANTHONY A RUSH
DEBI LYNN RUSH
JEANNE F RUSH
JUSTIN S RUSH
MICHAEL B RUSH
O’NEAL RUSH
SUSAN ANNE RUSH
BEN T RUSHING
JOHN W RUSHING
DONNA RUSHTON
TRAVIS D RUSIN
ROBERT RUSS
PAUL D RUSSEL
BRYAN K RUSSELL
DARRELL RUSSELL
EDWARD E RUSSELL
FORREST J RUSSELL
GENE DILLARD RUSSELL
GILES W RUSSELL
JACK B RUSSELL
JOEL W RUSSELL
LARRY D RUSSELL
MICHAEL STEVE RUSSELL JR
NEIL D RUSSELL
PATRICK RUSSELL
PAULA N RUSSELL
R ANDREW RUSSELL
RICHARD RUSSELL JR
RICHARD L RUSSELL
ROBERT L RUSSELL
ROMAN L RUSSELL
SCOTT A RUSSELL
SHARON L RUSSELL
TYLER RUSSELL
WILLIAM R RUSSELL
WILLIE T RUSSELL
MICHAEL A RUSSILLO
JEFFREY D RUSSO
DANIEL C RUST
LYNN R RUSTIGIAN
HERB RUTH
NICHOLAS Q RUTH
ROGER RUTHER
ANTHONY SCOTT RUTHERFORD
DONNA M RUTHERFORD
JAMES MATTHEW RUTHERFORD
MARK R RUTHERFORD
RICHARD L RUTHERFORD
JASON S RUTLAND
WILBERT E RUTLAND
CHRISTOPHER D RUTLEDGE
DAVID FAITH RUTLEDGE
GREGORY A RUTLEDGE
NICKIE J RUTLEDGE
WESLEY RAY RUTLEDGE
BRIAN RUTTER
MICHAEL R RUTTER
CHARLES H RUTZ
AMANDA N RYAN
ANDREW RYAN
CHARLES E RYAN
CRAIG L RYAN
DAN W RYAN
DENNIS D RYAN
EDWARD J RYAN
ENRIQUE RYAN
HEATHER N RYAN
JAMES RODNEY RYAN
JASON M RYAN
LEON MARSHALL RYAN III
LORI L RYAN
MATHE W N RYAN
MATT HEW J RYA N
MICHAEL RYAN
MICHAEL J RYAN
PI US RYAN
RICHARD P RYAN
ROBERT RYAN
ROBERT E RYAN
ROBERT PATRICK RYAN
RONALD A RYAN
SCOTT RYAN
STEVEN M RYAN
TO M RYAN
WESLE Y RYAN
PATRICK H RYBICKI
JOHN RYCHLIK
MARK S RYDELL
GEOFFREY S RYDER
JOHN M RYDER
LANCE RYGIEL
KYLE R RYKER
RACHAEL I RYLAND
TYRONE RYLAND
CHRISTINE JOHNSON RYMER
CHRISTOPHER M RYON
MARCIN T RZEPECKI
DAVID J SABADOS
NICK SABATINO
COSME E SABLADA
MARILOU C SABLADA
ANDRE SABOURIN
ALDINO SACCHETTI
JAIMIN N SACCHETTI
JOHN P SACCO
ABOU SACKO
CLIFFORD SACKS
WALTER SACKS
CAYLEE B SACQUITNE
BILLY K SADDLEBACK
CLEMMON D SADLER
CYNTHIA SADLER
MEGHAN A SADLER
RONALD A SADLER
WILLIAM SADLER
BRANDON SAENZ
OCIEL SAENZ
JEFFREY A SAENZ DE VITERI
DEREK SAEPOUNG
JERRY SAGER
WILLIAM J SAGER
BRAULIO SAGRERO SANCHEZ
RICO P SAHAGUN
JOSHUA SAINT
DONALD NICHOLAS SAKO
KYLE P SAKOS
SELVAGANAPATHI SAKTHIVEL
KWAME OPARE SAKYI BEKOE
MASOUD SALAH
ALFREDO SALAS
MARTIN SALAS
TIBURCIO SALAS
JORGE SALAS GONZALES
ALEXANDRA SALAZAR
BERNARDINO SALAZAR
ISAIAH SALAZAR
JUAN ANTONIO SALAZAR
JUAN ANTONIO SALCIDO
JUAN E SALCIDO TORRES
JAMES K SALE II
SHAMSUDEEN SALEEM
TIM P SALES
MANUEL SALGADO
JOSE L SALGUERO
TIMOTHY D SALHEISER
AMY KATHERINE SALIB
LORENZE SALISBURY
MARTIN SHANE SALISBURY
JAMIE L SALM
ESLAM SALMAN
SAEED SALMAN
WILLIAM T SALMON
JENNIFER J SALO
KEVIN L SALTERN
PEDRO OCAMPO SALTILLO
JASON BYRON SALTZMAN
RICHARD SALTZMAN
JAY DEE SALVESEN
CHERYL A SALVO
MICHAEL SALVO
MICHAEL J SALVO
LAKSHMI SAMANTHI
KURT SAMAROO
EDWARD A SAMBERSON
KEVIN R SAMFORD
JERRY V SAMONTE
CHRISTOPHER SAMPLE
JASON L SAMPLE
AMY L SAMPSON
IAN P SAMPSON
JENNIFER H SAMPSON
KEVIN M SAMPSON
KIRK S SAMPSON
LEO SAMPSON
LORI M SAMPSON
PETER SAMPSON
CRAIG A SAMSON
ASHLEIGH J SAMUEL
DAMIEN C SAMUEL
ROY E SAMUELS JR
DAVID L SAMUELSON
MIGUEL ANGEL SAN MARTIN
ZULEYKA SANABIA
ALEJANDRO J SANCHEZ
ANEL SANCHEZ
ANTONIO SANCHEZ
BRYAN SANCHEZ
C NICHOLE SANCHEZ
CARLOS SANCHEZ
CRISTOBAL SANCHEZ
DANIEL SANCHEZ
FLORENTINO SANCHEZ
JORGE SANCHEZ
MICHAEL A SANCHEZ
PEDRO J SANCHEZ
RAUL SANCHEZ
SAMUEL A SANCHEZ
SAUL M SANCHEZ
STEPHANIE D SANCHEZ
VICTOR F SANCHEZ
PEDRO SANCHEZ FELIPE
MERKYS G SANCHEZ-CABRERA
BENJAMIN M SANDERS
CHRISTOPHER A SANDERS
CHRISTOPHER M SANDERS
DERRICK SANDERS
DONNY J SANDERS
GARY SANDERS
HERMAN SANDERS
HERSCHEL L SANDERS
JOHN S SANDERS
JOHNNY F SANDERS
LARRY D SANDERS
MACK D SANDERS
PAUL M SANDERS
RAYMOND SANDERS
RICHARD N SANDERS
RYAN B SANDERS
TRACY W SANDERS
TREVOR SANDERS
WESLEY RICHARD SANDERS
WILLIAM W SANDERS JR
BRITTANY S SANDERSON
JO ANN SANDERSON
MICHAEL T SANDLIN
KIRK G SANDMAN
RICHARD SANDOR
ALBERTO A SANDOVAL
KENNETH R SANDS
TERRY L SANDUSKY
RINA N SANE
BRIAN KEITH SANFORD
JAMES A SANFORD JR
KEVIN G SANFORD
ROBERT O SANFORD
RONALD EUGENE SANFORD
BALAMURUGAN SANGARALINGAM
ADAM SANKEY
LEVERN SANSBURY
PATRIC K R SAN SOT TA
PRESTON R SANSOUCIE
GABRIEL G SANTA
MARIA ELENA SANTAMARIA
ERIC J SANTANA
GUILLERMO SANTANDER
DENNIS L SANTEE
ZACHARY L SANTERRE
SABARINATHANI SANTHI
ANGEL D SANTIAGO
RICHARD J SANTIAGO
ARMANDO SANTILLAN JR
CHRISTIAN SANTILLANA
ERASMO O SANTILLANO
MICHAEL J SANTILLO
GILBERTO SANTILLO-ORTIZ
HLB S SANTIYAGO
ANDERSON GERALDO SANTO
CHRISTOPHER J SANTORELLY
JUAN F SANTOS
CESAR SANTOS MEDINA
VICTOR M SANTOS-CORALES
JOSE L SANTOYO
JOSE LUIS SANTOYO
GREG PATRICK SANTUCCI
JOHN F SARGENT
KIM J SARIEGO
STEPHEN C SARINE
PAVEL SARKISYAN
REIMAN SARMIENTO
PETER L SARNO
JASON SCOTT SARRATT
JAMES C SARTIN JR
JOSEPH N SARTINI
DOUGLAS SASSE
CARLOS E SATIZABAL
ROBERT E SATTERFIELD
BRENDA SAUCEDO
MIGUEL M SAUCEDO
AMY NICOLE SAUCEMAN
HERMAN SAUCIER
JAMES W SAUER
BOBBY RAY SAULS
RICHARD SAULT
CASEY SAUNDERS
CHASE L SAUNDERS
MAURICE L SAUNDERS
MICHAEL L SAUNDERS
NATHAN AVERY SAUNDERS
PAUL K SAUNDERS
ROGER SAUNDERS
TREVOR L SAUNDERS
JOSEPH A SAUSER
WILLIAM J SAUTER
ANNE M SAVAGE
TRACIE SAVAGE
WILLIAM W SAVAGE
ANTON R SAVERIMUTHU
HUGO SAVOIE
JEAN-GUY SAVOIE
JOE SAVOIE
MICHAEL SAVOIE
WILLIAM J SAVOIR JR
KEVIN A SAWCHYN
SHELLEY L SAWRAN
ADDISON B SAWYER
DERRICK L SAWYER
JODY S SAWYER
KEVIN JAMES SAWYER
LARRY MATTHEW SAWYER
WILLIAM B SAWYER
MARTHA L SAXENMEYER
DANIEL M SAXTON
GAYL AND C SAYLES
DEREK J SCAFF
THOMAS P SCALES
JAMES S SCALISE
ROBERT S SCALISE
JOSEPH V SCARANE
JUSTIN SHAY SCARBOROUGH
DAVID L SCARBROUGH
DAVE SCARLETT
CRAIG SCARR
MATT SCARR
DOUGLAS A SCHAAD
JANICE ELAINE SCHAAD
JOHN J SCHAAD
JASON W SCHAAF
KEITH L SCHAECHER
PATRICK J SCHAECHER
CHRISTIAN A SCHAEFER
MARK D SCHAEFER
MICHAEL WILLIAM SCHAEFER
ROBERT J SCHAEFER
MARK J SCHAFER
DAVID D SCHAFF
GARETT M SCHAFFER
JOHN A SCHAFFER
MORTON SCHAFFER
CAROL A SCHALKEWITZ
2 011
ANNUAL
REPORT

Table of contents

  • Page 1
    2011 ANNUAL REPORT JOHN RADCLIFFE JOHN J RADFORD KENNETH RADFORD KRISTOPHER B RADKE SHELLEY L RADKE DALE RADOMSKE ADRIAN RADULESCU ROBERT L RAEDEL CHRISTOPHER RAFFANTI DARRELL F RAGLAND BHARATH RAI DANA RAIDER DAVID LEE RAINES JEWETT D RAINES ANDREW F RAINEY EDDIE RAINEY EMMETT GLENN RAINS JOE ...

  • Page 2
    ... Our Stockholders Operations Review: Steel Mills Segment Bar Mills, Sheet Mills, Structural Mills and Plate Mills Steel Products Segment Reinforcing Products Steel Mesh, Grating and Fasteners Vulcraft/Verco Group Buildings Group Cold Finish Raw Materials Segment Management's Discussion and Analysis...

  • Page 3
    ... (net of cash acquired) Sales per employee AT YEAR END Working capital Property, plant and equipment, net Long-term debt (including current maturities) Total Nucor stockholders' equity Per share Shares outstanding Employees (dollar and share amounts in thousands, except per share data) 2011 2010...

  • Page 4
    ...with $15.84 billion in 2010. Average sales price per ton increased 21%, while total tons shipped to outside customers increased 5%. The average scrap and scrap substitute cost per ton used increased 25% to $439 from $351. Overall operating rates at our steel mills increased to 74% from 70%, which is...

  • Page 5
    ... NUCOR'S NEW GENERATION OF continued strong operating cash flows. LEADERSHIP WAS PUT IN PLACE, THROUGH THE END OF 2011, NUCOR Standard & Poor's (S&P), in its January 9, 2012 report "North American Metals and Mining Companies, Strongest to Weakest," again ranked Nucor #1 for credit rating and credit...

  • Page 6
    ... technology to convert iron ore pellets, utilizing efficient, low-cost natural gas as the reductant, into high-quality direct reduced iron (DRI). DRI is used by our steel mills, along with recycled scrap, in producing numerous high-quality steel products such as sheet, plate and special bar quality...

  • Page 7
    ...product groups and focuses on team selling to specific OEM customers. In a number of examples, this team was able to more than double our sales tons with key OEM customers by taking a base position in a single product (such as sheet steel) and adding sales of plate, SBQ and structural steel products...

  • Page 8
    ...projects that support continued long-term growth. Dan has outlined a number of examples in his letter. Despite the extended period of economic distress, as part of Nucor's commitment to shareholders, at the end of 2011 the board approved an increase in the company's base dividend to $0.365 per share...

  • Page 9
    8 OPERATIONS REVIEW STEEL MILLS SEGMENT BAR, SHEET, STRUCTURAL AND PLATE MILLS Nucor operates scrapbased steel mills in 23 facilities and is North America's largest recycler. BAR MILLS SHEET MILLS CASTRIP SHEET MILLS BEAM MILLS PLATE MILLS NUCOR CORPORATE OFFICE

  • Page 10
    .... Current annual production capacity of our two structural mills is approximately 3,700,000 tons. PLATE MILLS Nucor operates two plate mills. In 2000 Nucor completed construction of its first plate mill, located in North Carolina, and in 2004 Nucor's wholly owned subsidiary, Nucor Steel Tuscaloosa...

  • Page 11
    .... This project has advanced Nucor's strategy of expanding our value-added product mix in the plate market. OPERATIONS Nucor's steel mills are among the most modern and efficient mills in the United States. Recycled steel scrap and other metallics are melted in electric arc furnaces and poured...

  • Page 12
    ... 08 09 10 11 STEEL PRODUCTION 21,000 22,500 16,800 18,000 12,600 13,500 8,400 9,000 thousands of tons 4,200 thousands of tons 4,500 year 02 03 04 05 06 07 08 09 10 11 year 02 03 04 05 06 07 08 09 10 11 STEEL SHIPMENTS TO OUTSIDE CUSTOMERS TOTAL STEEL SHIPMENTS

  • Page 13
    12 STEEL PRODUCTS SEGMENT REINFORCING PRODUCTS BUILDINGS GROUP VULCRAFT & VERCO COLD FINISH STEEL MESH, GRATING & FASTENERS HARRIS CORPORATE OFFICE NUCOR CORPORATE OFFICE

  • Page 14
    ... new rebar fabrication facilities in Birmingham, Alabama, and San Antonio, Texas. Harris Steel obtains much of its steel requirements from the Nucor bar mills. In 2011, fabricated rebar sales were 1,074,000 tons, an increase of 9% over 981,000 tons in 2010. MARKETS AND MARKETING Reinforcing products...

  • Page 15
    ...and marketed nationally through nine deck plants located throughout the United States. Six of these plants are adjacent to Vulcraft joist facilities. The current annual deck production capacity is approximately 530,000 tons. In 2011, steel deck sales increased 2% to 312,000 tons, compared to 306,000...

  • Page 16
    15 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 year 02 03 04 05 06 07 08 09 10 11 year 02 03 04 05 06 07 08 09 10 11 STEEL JOIST PRODUCTION STEEL DECK SALES

  • Page 17
    ... Systems, American Buildings Company, Kirby Building Systems, Gulf States Manufacturers and CBC Steel Buildings. In total, the Nucor Buildings Group currently has eleven metal buildings plants with an annual capacity of approximately 465,000 tons. The Buildings Group sales were 232,000 tons in 2011...

  • Page 18
    ...South Carolina, Utah, Wisconsin, and Ontario, Canada. The Missouri facility operates as Nucor-LMP and the Canadian facilities are a part of Harris Steel and operate as Laurel Steel. The total capacity of the Nucor cold finished bar and wire facilities is approximately 860,000 tons per year. In 2011...

  • Page 19
    ... largest cost. Nucor continues to execute a disciplined raw materials strategy focused on achieving greater control over our key metallic inputs consumed at the steel mills. TRINIDAD SCR AP PROCESSING BROKER AGE OFFICES* DRI PL ANTS OTHER DJJ CORPOR ATE OFFICE NUCOR CORPOR ATE OFFICE *Hong...

  • Page 20
    19 OPERATIONS The David J. Joseph Company (DJJ) operates over 60 scrap processing facilities; brokers ferrous scrap; internationally sources scrap, pig iron and other scrap substitutes; and brokers ferro-alloys and nonferrous metals. The DJJ Mill and Industrial Services business provides logistics ...

  • Page 21
    ... it is unlikely that average capacity utilization rates will increase significantly in 2012. The average utilization rates of all operating facilities in our steel mills, steel products and raw materials segments were approximately 74%, 57% and 70%, respectively, in 2011, compared with 70%, 54% and...

  • Page 22
    ...fied steel producer. As a result, our short-term performance is not tied to any one market. The pie chart below shows the diversity of our product mix by total tons sold to outside customers in 2011. 3% DIVERSIFIED PRODUCT MIX Total Tons Sold to Outside Customers in 2011 Sheet Bar Structural Plate...

  • Page 23
    ...pay system reduces our payroll costs, both hourly and salary, which helps to offset lower selling prices. Our pay-for-performance system that is closely tied to our levels of production also allows us to keep our work force intact and to continue operating our facilities when some of our competitors...

  • Page 24
    ... tons sold to outside customers and a 21% increase in the average sales price per ton from $689 in 2010 to $832 in 2011. Total production levels at the steel mills increased 7% due to an increase in outside shipments as well as an increase of more than 500,000 tons supplied to other Nucor businesses...

  • Page 25
    ... Net sales to external customers in the steel products segment increased 21% over 2010 due to a 7% increase in tons sold to outside customers and a 13% increase in the average sales price per ton from $1,194 to $1,355. While pricing of joists, deck, cold finished bar products, and rebar fabricated...

  • Page 26
    ... in 2011, compared with $174.8 million in 2010. The decrease in pre-operating and start-up costs was due to several projects coming out of start-up, including the SBQ mill in Memphis, Tennessee, the wire rod products mill in Kingman, Arizona, and the galvanizing line in Decatur, Alabama. Nucor de...

  • Page 27
    ... utilization rates, increased sales prices and metal margins, decreased pre-operating and start-up costs and decreased losses from unconsolidated affiliates. Nucor benefited from our diversified product mix in 2011, in which our sheet, bar, plate and beam mills all improved their profitability...

  • Page 28
    ...The average sales price per ton increased 13% from $637 in 2009 to $720 in 2010, while total tons shipped to outside customers increased 25%. In the steel mills segment, production and sales tons were as follows: (in thousands) Year Ended December 31, Steel production Outside steel shipments Inside...

  • Page 29
    ... in the steel mills segment increased 52% due to a 31% increase in tons sold to outside customers and a 16% increase in the average sales price per ton from $593 in 2009 to $689 in 2010. Total production levels at the steel mills increased 30% due to significant increases in outside shipments as...

  • Page 30
    ... 2009. Sales of cold finished bar products increased primarily due to improved demand in the heavy equipment and transportation markets. The average utilization rate in the steel products segment was 54% in 2010, compared with a utilization rate of 49% in 2009. Increases in selling prices for scrap...

  • Page 31
    ... sales prices and the increased cost of raw materials in the current year as compared with the fourth quarter of 2010, combined with increased volumes. In 2011, total accounts receivable turned approximately monthly and inventories turned approximately every five weeks. These turnover rates are...

  • Page 32
    ... 2022 for general corporate purposes, including repayment of debt. In November 2010, Nucor issued $600.0 million in 30-year variable rate Gulf Opportunity Zone bonds to partially fund the construction of the DRI facility in Louisiana. In 2011, Nucor increased its quarterly base dividend resulting in...

  • Page 33
    ... variable rate debt. (2) Nucor enters into contracts for the purchase of scrap and scrap substitutes, iron ore, electricity, natural gas and other raw materials and related services. These contracts include multi-year commitments and minimum annual purchase requirements and are valued at prices in...

  • Page 34
    ... to investments that build our long-term earnings power. Capital expenditures are currently projected to be approximately $1.0 billion in 2012, more than double the levels of 2009 and 2010. Included in this total are expenditures for our Louisiana DRI plant, our natural gas working interest program...

  • Page 35
    ... and anticipated future results, general economic and market conditions, the impact of planned business and operational strategies and all available information at the time the fair values of its reporting units are estimated. Our fourth quarter 2011 annual goodwill impairment analysis did not...

  • Page 36
    ...insurance carriers or other third parties. Our measurement of environmental liabilities is based on currently available facts, present laws and regulations, and current technology. INCOME TAXES We utilize the liability method of accounting for income taxes. Under the liability method, deferred taxes...

  • Page 37
    ...4,500 4,000 3,600 3,000 2,700 2,000 1,800 millions of dollars millions of dollars 1,000 900 year 02 03 04 05 06 07 08 09 10...5,000 8,000 4,000 6,400 3,000 4,800 2,000 3,200 millions of dollars millions of dollars 1,000 1,600 year 02 03 04 05 06 07 08 09 10 11...

  • Page 38
    ... 09 10 11 year 02 03 04 05 06 07 08 09 10 11 NET SALES N E T E A R N I N G S ( L O S S ) AT T R I B U TA B L E TO NUCOR STOCKHOLDERS 1,000 500 800 400 600 300 400 200 millions of dollars millions of dollars 200 100 year 02 03 04 05 06 07 08 09 10 11 year 02 03...

  • Page 39
    ... Y Product Sheet Bar Structural Plate Total 2 011 S T E E L P R O D U C T S C A PA C I T Y Product Thousands of Tons 1,695 860 715 530 465 248 103 75 4,691 Thousands of Tons 11,300 9,110 3,700 2,900 27,010 Rebar Fabrication Cold Finish Joist Deck Buildings Group Steel Mesh Grating Fasteners Total...

  • Page 40
    ... on average stockholders' equity Capital expenditures Acquisitions (net of cash acquired) Depreciation Sales per employee AT YEAR END Current assets Current liabilities Working capital Cash provided by operating activities Current ratio Property, plant and equipment, net Total assets Long-term debt...

  • Page 41
    ... Commission (COSO) in Internal Control - Integrated Framework. Based on its assessment, management concluded that Nucor's internal control over financial reporting was effective as of December 31, 2011. PricewaterhouseCoopers LLP, an independent registered public accounting firm, has audited the...

  • Page 42
    ... internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions. A company's internal control over financial reporting is a process designed...

  • Page 43
    ... BALANCE SHEETS CONSOLIDATED BALANCE SHEETS December 31, ASSETS CURRENT ASSETS: Cash and cash equivalents (Note 15) Short-term investments (Notes 4 and 15) Accounts receivable, net (Note 5) Inventories, net (Note 6) Other current assets (Notes 10, 14, 15 and 20) Total current assets PROPERTY, PLANT...

  • Page 44
    ... OF EARNINGS Year Ended December 31, NET SALES COSTS, EXPENSES AND OTHER: Cost of products sold (Notes 14 and 18) Marketing, ... NUCOR STOCKHOLDERS NET EARNINGS (LOSS) PER SHARE (Note 21): Basic Diluted See notes to consolidated financial statements. (in thousands, except per share data) 2011 ...

  • Page 45
    ... COMPREHENSIVE INCOME (LOSS) $(190,262) (in thousands, except per share data) TREASURY STOCK (AT COST) SHARES AMOUNT 60,092 $(1,520,772) TOTAL NUCOR NONSTOCKHOLDERS' CONTROLLING EQUITY INTERESTS $7,929,204 $327,477 TOTAL BALANCES, December 31, 2008 Comprehensive income: Net earnings (loss) in 2009...

  • Page 46
    ... (loss) Adjustments: Depreciation Amortization Stock-based compensation Deferred income taxes Equity in losses of unconsolidated affiliates Changes in assets and liabilities (exclusive of acquisitions): Accounts receivable Inventories Accounts payable Federal income taxes Salaries, wages and related...

  • Page 47
    ... of total inventories as of December 31, 2011 (45% as of December 31, 2010). All inventories held by the parent company and Nucor-Yamato Steel Company are valued using the LIFO method of accounting except for supplies that are consumed indirectly in the production process, which are valued using the...

  • Page 48
    ... its exposure to price risk related to natural gas purchases used in the production process as well as scrap, copper and aluminum purchased for resale to its customers. In addition, Nucor uses derivatives from time to time to partially manage its exposure to changes in interest rates on outstanding...

  • Page 49
    ... equity interest in Steel Technologies LLC, an operator of 25 sheet processing facilities throughout the U.S., Canada and Mexico. Nucor accounts for the investment using the equity method (see Note 10). Other minor acquisitions, exclusive of purchase price adjustments of acquisitions made in prior...

  • Page 50
    ...continuous, vertically integrated process from which products are sold to customers at various stages throughout the process. Since most steel products can be classified as either finished or semi-finished products, these two categories of inventory are combined. If the FIFO method of accounting had...

  • Page 51
    ...year variable rate Gulf Opportunity Zone bonds issued in November 2010. The restricted cash and investments are held in a trust account and are to be used to partially fund the capital costs associated with the construction of Nucor's direct reduced ironmaking facility in St. James Parish, Louisiana...

  • Page 52
    ... in Steel Technologies LLC, an operator of 25 sheet processing facilities located throughout the U.S., Canada and Mexico. Nucor accounts for the investment in NuMit (on a one-month lag basis) under the equity method as control and risk of loss are shared equally between the members. The acquisition...

  • Page 53
    ... Book overdrafts, included in accounts payable in the consolidated balance sheets, were $53.6 million at December 31, 2011 ($63.0 million at December 31, 2010). Dividends payable, included in accrued expenses and other current liabilities in the consolidated balance sheets, were $116.3 million at...

  • Page 54
    ... Total liability derivatives not designated as hedging instruments Total liability derivatives Balance Sheet Location 2011 2010 Other current assets Other current assets $ 5,071 - $ - 266 $ 5,071 $ 266 Accrued expenses and other current liabilities Deferred credits and other liabilities...

  • Page 55
    ...fair value as of December 31, 2011. Nucor does not currently have any non-financial assets or liabilities that are measured at fair value on a recurring basis. (in thousands) Fair Value Measurements at Reporting Date Using Carrying Amount in Consolidated Balance Sheets Significant Quoted Prices in...

  • Page 56
    ...to Nucor's key employees, officers and non-employee directors with exercise prices at 100% of the market value on the date of the grant. The stock options granted prior to 2006 were exercisable six months after grant date and have a term of seven years. The stock options granted in 2010 and 2011 are...

  • Page 57
    ... market price of a share of the Company's common stock at December 31, 2011 were excluded from the calculation of aggregate intrinsic value. The grant date fair value of options granted was $15.37 in 2011 ($15.50 in 2010). The fair value was estimated using the BlackScholes option-pricing model with...

  • Page 58
    ...expected to be recognized over a weighted-average period of 1.6 years. Restricted Stock Awards Nucor's Senior Officers Long-Term Incentive Plan (the LTIP) and Annual Incentive Plan (the AIP) authorize the award of shares of common stock to officers subject to certain conditions and restrictions. The...

  • Page 59
    ... restricted stock awards was $0.7 million, which is expected to be recognized over a weighted-average period of 1.5 years. 18. EMPLOYEE BENEFIT PLANS Nucor makes contributions to a Profit Sharing and Retirement Savings Plan for qualified employees based on the profitability of the Company. Nucor...

  • Page 60
    ... income taxes, net of federal income tax benefit Federal research credit Domestic manufacturing deduction Equity in losses of foreign joint venture Foreign rate differential Noncontrolling interests Other, net Provision for income taxes 2011 35.00% 0.63 (0.28) (2.21) 0.64 (0.92) (2.32) 0.68 31...

  • Page 61
    ..., Deferred tax assets: Accrued liabilities and reserves Allowance for doubtful accounts Inventory Post-retirement benefits Natural gas hedges Net operating loss carryforward Cumulative translation adjustments Tax credit carryforwards Total deferred tax assets Deferred tax liabilities: Holdbacks and...

  • Page 62
    ... 2006. The 2008 to 2011 tax years are open to examination by the Internal Revenue Service. The years 2004 and 2007 are open to the extent net operating losses were carried back. In 2011 the Canada Revenue Agency completed an audit examination for the periods 2006 to 2008 for Harris Steel Group...

  • Page 63
    ..., metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh. The raw materials segment includes DJJ, a scrap broker and processor; Nu-Iron Unlimited, a facility that produces DRI used by the steel mills; a DRI facility under construction in Louisiana...

  • Page 64
    ...external customers: Steel mills Steel products Raw materials All other Intercompany sales: Steel mills Steel products Raw materials All other Corporate/eliminations Depreciation expense: Steel mills Steel products Raw materials All other Corporate Amortization expense: Steel mills Steel products Raw...

  • Page 65
    64 Net sales by product are as follows. Further product group breakdown is impracticable. (in thousands) Year Ended December 31, Net sales to external customers: Sheet Bar Structural Plate Steel products Raw materials All other 2011 2010 2009 $ 5,967,756 3,733,716 2,049,907 2,208,866 3,431,490...

  • Page 66
    ... CARE OF OUR CUSTOMERS. We are accomplishing this by being THE SAFEST, HIGHEST QUALITY, LOWEST COST, MOST PRODUCTIVE AND MOST PROFITABLE STEEL AND STEEL PRODUCTS COMPANY IN THE WORLD. We are committed to doing this while being CULTURAL AND ENVIRONMENTAL STEWARDS IN OUR COMMUNITIES WHERE WE LIVE...

  • Page 67
    ...Division Hickman, Arkansas Giffin F. Daughtridge Vice President, General Manager Sheet Mill Division, Beam Mill Division Berkeley County, South Carolina Ronald L. Dickerson Vice President, General Manager Sheet Mill Division Crawfordsville, Indiana John C. Farris Vice President, General Manager Bar...

  • Page 68
    ... Nucor Steel Tuscaloosa, Inc. Tuscaloosa, Alabama MaryEmily Slate Vice President, General Manager Nucor Steel Auburn, Inc. Auburn, New York David R. Smith Vice President, General Manager Bar Mill Division Plymouth, Utah Judith G. Smith General Manager of Nucor Senior Vice President-Employee Services...

  • Page 69
    ...S&P Steel Group Index at year end 2011 (48% at year-end 2006). STOCK LISTING Nucor's common stock is traded on the New York Stock Exchange under the symbol NUE. As of January 31, 2012, there were approximately 19,000 stockholders of record. 125 FORM 10-K A copy of Nucor's 2011 annual report filed...

  • Page 70
    ... THEA AUSTIN GEORGE AUTEN JR JOHN L AUTON MICHAEL D AUTREY JOSE G AVALOS EDWARD M AVAU DAWAYNE L AVENT MAX AVER GARY WAYNE AVERETTE MICHAEL S AVERITT BRIAN AVERY DARREN L AVERY GARY E AVERY LONTRAVIS LAMAR AVERY PATRICK J AVERY RANDY R AVERY JESSIE J AVIES BENJAMIN G AVILA JONAS AVILA JOSEPH W AVILA...

  • Page 71
    ... MARY B BRIDGES RICKY L BRIDGES TERRY BRIDGEWOOD ALAN BRIDGMON ALEX R BRIEL GEORGE BRIER JEFFERY A BRIER BODEAN N BRIGGS GREG J BRIGGS JOSEPH C BRIGGS TODD E BRIGHAM SR DALE C BRIGHT DAPHNE A D BRIGHT JAKE A BRIGMAN JAMES ADAM BRILEY RONALD J BRILEY ROGER DALE BRIM KEITH A BRINKLEY GERALD BRINSON...

  • Page 72
    ... TYLER DARLINGTON BRYAN SCOTT DARNELL CODY DARNELL JAMES R DARSEY LEO R DARTEZ DEBBIE DARVILL MICHAEL A DASGUPTA JOSE R DASILVA DINESH DASS NEENA R DASS RANDY L DASSIE TOMMY L DATES GIFFIN F DAUGHTRIDGE APRIL R DAUGHTRY MICHAEL T DAUPHIN AMANDA M DAVENPORT ARTHUR LEE DAVENPORT JR DAVID BRIAN...

  • Page 73
    ...GARRETT ELLIS JOSEPH MATTHEW ELLIS KEVIN TODD ELLIS MARILYN B ELLIS MICHAEL J ELLIS MICHAEL P ELLIS MITCHELL R ELLIS RAYMOND A ELLIS ROBERT L ELLIS RONALD G ELLIS SUE A ELLIS TIMOTHY D ELLIS TOM ELLIS JAMES L ELLISON RANDY ELLSWORTH ALEXANDER J ELMORE JOE M ELROD PAMELA J ELSBURY DAVID CHARLES ELSON...

  • Page 74
    ... GRANT DANIEL C GRANT FRED O GRANT GENERAL D GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JEFF E GRANT JENNA W GRANT KENNETH GRANT SR LOYD PRESTON GRANT NATHAN D GRANT ROBERT K GRANT ROBERT S GRANT SHERITA SHANTAY GRANT THOMAS GRANT TONY O GRANT TYLER GRANT WILLIAM C GRANT WILLIAM FRANCIS GRANT...

  • Page 75
    ... GEORGE JACKSON STEVEN B JACKSON STEVEN DEVON JACKSON TIM N JACKSON TIMOTHY WAYNE JACKSON V BERNARD JACKSON WAYNE A JACKSON WILLIAM A JACKSON WILLIAM GUY JACKSON WILLIAM MICHAEL JACKSON FREDERIC JACOB SCOTT N JACOB ROBERT JACOBIK JOSEPH A JACOBIN JR BRIAN E JACOBS CHAD JACOBS JAMES R JACOBS JAMES...

  • Page 76
    ... JORGE L JUAREZ JR BRIAN D JUDD MATT JUDD MICHAEL J JUDD DAVID JUDY GARY THOMAS JUDY GENE ANN JUDY ROBERT O JUDY TERRENCE L JUEDEN EMILIA J JUHL DEREK A JULANDER STEVEN B JULANDER HERBERT MICHAEL JULIAN JUSTIN MICHAEL JULIAN RANDY W JUMPS RICHARD A JUNE JAMES A JUNKER JOSEPH RYAN JUNKIN TIMOTHY...

  • Page 77
    ...LIBRA DANNY LIDDELL SMITH J LIDDELL NATHAN LIDKEA CHAD MICHAEL LIEBES JASON A LIEGL SPENCER DAVID LIELAND EDDIE D LIENEMANN JOSEPH LIGAJ JOHN ...EDWARD MARTIN GRANT W MARTIN JAMES D MARTIN JR JASON L MARTIN JEFFERY W MARTIN JEFFREY R MARTIN JERROLD A MARTIN JIMMY MARTIN JIMMY C MARTIN JOE EARL ...

  • Page 78
    ... D MILLIGAN JAMES C MILLIKAN JIMMY D MILLIKAN DEBORAH J MILLION BONNIE MILLS BRIAN MILLS BRIAN D MILLS CHRISTOPHER MARTIN MILLS GLENN M MILLS HAL R MILLS MICHAEL L MILLS RICHARD D MILLS ROGER MILLS STEVEN A MILLS BRETT R MILLSAP ROBERT EUGENE MIMS NIRUPA MINASANDRAM BRIAN H MINCE DAVID L MINCHEW...

  • Page 79
    ... NORRIS SCOTT E NORRIS SCOTT R NORRIS STEPHEN C NORRIS THOMAS R NORRIS WILLIAM NORRIS DAVID A NORTH JANET NORTH RICHARD G NORTH JOSEPH M NORTHCOTT TONY NORTHCOTT RON V NORTHCUTT JEFFREY D NORTHRUP JR JAMES DAVID NORTON JERRY C NORTON KAY L NORTON EDWARD NORWOOD IVY RUTH NORWOOD PAMELA L NORWOOD...

  • Page 80
    ... TIMOTHY A SHUMAN DAVID SHUMATE JAMES W SHUMPERT BECKY S SHUMWAY BRIAN ALLEN SHUPAK AARON SHURTS CHESTER W SHUSTER MARK ANTHONY SHUTTLESWORTH III ADAM J SHUTTS JOHN R SHVEYDA ROBERT SHY CHERRI E SICARD DOUGLAS E SIDDALL GERALD SIDDALL MARK SIDDALL JOSEPH SIDDLE JEFF A SIDES JOHN W SIDES JR ROBERT...

  • Page 81
    ...-SMITH TIMOTHY W STINNEFORD RAY F STINNETT WILLIAM STIRLING BRIAN T STITES RICK A STIVER WILLIAM J STOCK RICKY LEWIS STOCKBERGER BRADLEY D STOCKS KENNETH J STOCKS SCOTTY STOCKS DONALD STOFFEL MARIJANA STOJANOVIC AMANDA STOKER JAMES DUANE STOKER AARON STOKES ADAM STOKES CHRISTOPHER LD STOKES GEORGE...

  • Page 82
    ... BEN YOKES JAMES YONTZ BRAD A YORK JAMES J YORK JAMES O YORK JEREME YORK ADAM YOUNG ALEXANDER GRANT YOUNG AQUELIUS YOUNG BLAIR J YOUNG BRIAN YOUNG CHRISTOPHER D YOUNG DAVID BRADLEY YOUNG ERIC D YOUNG GARY W YOUNG GEORGE A YOUNG HUBERT A YOUNG J ANDY YOUNG JAMES YOUNG JAMES R YOUNG JAMES W YOUNG JR...