Nucor 2009 Annual Report Download

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2009 ANNUAL REPORT
JAMES DUANE STOKER AARON STOKES ADAM STOKES CHRISTOPHER LD STOKES DANIEL STOKES GEORGE D STOKES JOHN G STOKES LORIANN STOKES NATHAN STOKES TONY STOKES TRAVIS STOKES BRETT M STOLER AMY STOLL
DAVID R STOLP KENNETH G STOLP RYAN W STOLP JAY A STOLPA J DEREK STOLTZFUS ALVIN STONE CALVIN STONE CASEY STONE CHARLES STONE DAVID STONE DAVID STONE DENNIS STONE DENNIS L STONE DENNIS W STONE
DEREK J STONE ERIC M STONE JAMES W STONE JEFFERY STONE JEREMY STONE LOIS E STONE MICHAEL I STONE ROBERT J STONE TIMOTHY A STONE WILLIAM B STONE ZACHARY STONE NEAL C STONEBACK GEORGE STONECYPHER
ARTHUR STONEY III CARLTON M STONEY FREDRICK S STONG LARRY W STOOKSBERRY GARY L STOOPS PAUL W STOOPS TRAVIS STORCH DAVID S STOREY JIMMIE L STOREY MICHAEL K STOREY ROBERT R STOREY JERILYN K STORM
JEFFREY STORMS MARK T STORNELLI ROGER STORY PHILLIP N STOTT JAMIE EARL STOUDEMIRE VICTOR M STOUDEMIRE ROBERT STOUGHTON CHRISTIAN B STOUT ERIC N STOUT KENNETH STOUT LARRY STOUT RANDY D STOUT
REX STOUT RODNEY T STOUT STEPHEN D STOUT TRACY N STOUT TRACY T STOUT DAVID CRAIG STOVALL KATHLEEN ISABEL STOVALL RONALD L STOVALL EDWARD A STOVER STEVEN A STOVER CHRISTOPHER A STOW MICHAEL A STOWE
GREGG STOWELL CHRISTIAN M STRABAL A JUNE STRACENER ROY DAVID STRACENER ROBERT STRANG JR KENNETH L STRANGE MARK E STRATHERN SUSAN D STRATHMAN R JOSEPH STRATMAN ROGER E STRAUBINGER
ROSS E STRAUBINGER MICHAEL R STRAUGHN BOB L STR AWN CAMERON S STRAWN G PAUL STRAWN JEFFREY L STRAWN BENNIE STR AYHORN LEELAND R STRBAN DEREK W STRECKER CHARLES STREET SERENA STREET
SHAUN D STREETER SHAWN STREETER ROBERT G STREETMAN EDWARD B STREE T T SAR AH JANE STREICH LARRY STREMBLE CHRISTOPHER R STREVER BURL A STRICKLAND DAVID R STRICKLAND LARON B STRICKL AND
PATRISE STRICKLAND CHARLES ASHBY STRICKLIN MICHAEL LEE STRICKLIN RANDOLPH BRIAN STRINGER CLINTORICE STRINGFELLOW RANDY S STROADE CHERIE STROBEL BRENT STROCK BRIAN M STROCK DANA C STROCK
DARLENE STROCK LYNN E STROCK GARY E STRODTMAN RONALD L STROHKORB JR CHRIS G STROHM JEREMY C STROHM BYRON STROJNY DONALD F STROM WAYLON L STROM BRUCE STRONG CORNELIUS M STRONG JOHNNY B STRONG
KENT D STRONG LEON L STRONG MICHAEL B STRONG PATRICIA D STRONG RYAN G STRONG GREGG STROUD R C STROUD TODD A STROUPE BRYAN J STROZIER VALORIE L STRUNK TIM STRUTYNSKI MICHAEL R STUART
BOBBIE M STUBBERT STEVEN L STUBBLEFIELD LANDON STUCKEL DONALD E STUCKEY JAMES A STUCKEY MICHAEL R STUCKEY RODNEY P STUDDARD DOUGLAS STUDENSKI BARRY L STUEVE JOHN E STUFFLEBEAN SHERI STUFFLEBEAN
CHRISTOPHER A STULTZ KRISTIN STULTZ CHRIS A STURGEON JAMES P STURGEON WARREN L STUTHMAN DANNY W STUTTS JARED A STUTTS DONALD STYCZINSKI MARK A STYMIEST JOSEPH R STYONS JIMMY S SUAREZ S SUBASINGHE
NAGARAJ SUBBARAYALU MARVIN SUBER YOGESH SUBRAMANIAN BALAJI SUBRAMANIYAN THOMAS W SUCEVIC KURT ANTHONY SUCHOMEL DANIEL SUCKOO GARY L SUCKSTORF STEVE A SUEHL WILLIAM D SUGGETT RUSSELL W SUGGS
SAMUEL G SUGGS DUANE SUGIOKA MICHAEL J SUITER WILLIAM L SUKUP DAVID A SULC JASON A SULC STEVE SULIMAN PAUL SULLINS BENTLEY SULLIVAN DANIEL S SULLIVAN DARROL SULLIVAN DOUG SULLIVAN GARY E SULLIVAN
GLENN DORAN SULLIVAN JAMES E SULLIVAN JR JAMES P SULLIVAN III JIM SULLIVAN NATASHA J SULLIVAN PATRICK M SULLIVAN ROBERT DOUGLAS SULLIVAN THOMAS R SULLIVAN TONY SULPIZI KAM CHEUNG SUM KYLE R SUMMER
KENNETH S SUMMERFORD THOMAS W SUMMERFORD CASEY J SUMMERS CORY B SUMMERS EDWIN D SUMMERS JERMAINE T SUMMERS JOEY P SUMMERS MICHAEL L SUMMERS THANE E SUMMERS RONALD N SUMMITT
JAMES LEON SUMNER JR DAVID SUMOSKI WEIPING SUN SANTHOSHKUMAR SUNDARAM CODY J SUNDAY JOHN SUPPLE PAUL SURBER JILL SURFACE ROBERT W SURFACE SCOTT A SURFACE SOWMIYA SURIYAKUMAR MIKE SURRIDGE
GARRY SUTHERLAND JAMESON L SUTHERLAND KEVIN L SUTHERLIN BRANDON SUTTER ROCKY EDWARD SUTTLE ABBY M SUTTON CANDACE L SUTTON GARY WAYNE SUTTON JAMES M SUTTON MARCUS L SUTTON ROBERT JOSEPH SUTTON
RONALD C SUT TON WILLIAM LEE SUT TON JOSEPH SUZUKI JENNIFER J SVEC JERRY J SVEC DONALD G SVITAK JULIE K SVOBODA KEVIN D SVOBODA JOSEPH SWAFFORD JOSEPH T SWAFFORD WAYNE SWAFFORD GERALD L SWAIN
ADAM D SWAITE MICHAEL RAY SWALLOW P SWAMIDURAI R SWAMY JOSHUA J SWAN STEVEN B SWAN DUSTIN L SWANK MICHAEL A SWANK EDWARD A SWANN II ALVIN J SWANSON CHAD SWANSON CHARLES W SWANSON
CORWIN SWANSON KENT SWANSON TAWON SWANSON ROBERT SWARTZFAGER PAUL A SWEARINGEN ANTHONY E SWEAT NOAH J SWEAT TRICIA M SWEAT GARY SWEATMAN MARTA J SWEEK TRADD L SWEENEY DAVID SWEERUS
GIFFORD L SWEET STEPHEN J SWEET RICHARD E SWEETMAN JR COLLEEN ANN SWENSON KENNETH J SWENSON BRIAN L SWICK JOSEPH M SWICK ROBERT G SWICK GREGORY SWIGER KYLE J SWIM ROGER SWINDERMAN
BRANDON SWINDLE JAMES W SWINDLE III JEFFERY D SWINDLE JEREMY L SWINDLE STEPHEN G SWINDLE CARL A J SWING CHAD SWINIMER DENNIS SWINNEY CLAYTON WILLIAM SWINT R ANDALL D SWISZCZ STEVEN E SWITZER
LOREN SWOPES JAY SWOYER NATHAN J SYBERT JERRY D SYKES MARK M SYKES R GREG SYKES TONY JEROME SYKES MARK SYKOWSKI GLENROY SYLVESTER JEAN-CLAUD SYLVESTRE LEE A SYLVIA JAMES P SYMONS TIM SYMONS
JIMMIE R SYPLES LEO SYRIA JR SCOTT SYRKEL THIRAKONE M SYSAVAN TRAVIS D SYSLO MARK SYTHES STEVE SZABO DONALD P SZALLAR GARY E SZERMETA CARLENE SZOTAK JOHN SZUCS DUANE W SZUREK BOGDAN SZYMKIEWICZ
LARRY LEE TABB JOE TABION BRYAN L TACKETT RANDY J TACKETT CURTIS E TAFT KEITH DENTON TAGGART GREG TAIT ROBERT TAKAGI FRANCIS P TAKASE JOSEPH TAKENS RAJVIDER TAKHAR DAVID CHRIS TALBERT DONALD W TALBERT
WILLIAM A TALBERT BOBBY TALBOT SHANE B TALBOT NORBERTO TALLA DARRELL J TALLEY NATHANIEL L TALLEY RUSSELL G TALLEY ERIC TAM DAVID M TAMBORSKI LORAIN TAMBUYAT DAN TANG CONSTANTE TANGONAN
CRESENCIO TANGONAN STEVE TANGUAY COLLEEN TANNER LEON D TANNER LUTHER R TANNER LUTHER R TANNER PERCY LEE TANNER WESTLEY W TANNER EMILIO TAPIA EULALIO TAPIA GERARDO TAPIA MITCHELL TAPIA RAMON TAPIA
MARCIA TAPIA PADILL A FREDIE J TAPP JEFFRE Y D TAPP MICHAEL A TAPP CHRISTOPHER P TARBY SHANNON D TARK INGTON -HARRIS BOBBY D TARLTON TAB D TARLTON TAB D TARLTON JAMES W TARR JANIS TARVER
CHRISTOPHER SHANE TARVIN BERNARD TASCHUK SHERI TASKER DAVID M TATAR BEAU MEWBOURN TATE JOHN D TATE MARVIN L TATE ROBERT TATE ROBERT TATE TIM C TATE WILLIAM TATRO APRIL TATUM WILLIE J TATUM
ANDREW D TAYLOR ANTHONY RICHARD TAYLOR ARNOLD L TAYLOR BENJAMIN S TAYLOR CAROLYN W TAYLOR CHAD S TAYLOR CHESTER EUGENE TAYLOR CHRISTOPHER P TAYLOR DAN TAYLOR DAVID M TAYLOR DENNIS B TAYLOR JR
DENNIS J TAYLOR DONALD ALLEN TAYLOR DWIGHT TAYLOR EDWARD L TAYLOR JR EDWIN G TAYLOR II ETHAN J TAYLOR EUGENE TAYLOR GEORGE E TAYLOR GILBERT TAYLOR GREG A TAYLOR ISAIAH TAYLOR JAMES TAYLOR
JAMES R TAYLOR JAY B TAYLOR JEB S TAYLOR JILL TAYLOR JIMMY W TAYLOR JOE M TAYLOR JOHN R TAYLOR JONATHAN R TAYLOR JOSEPH TAYLOR JR JUDY K TAYLOR JULIA TAYLOR KENNETH G TAYLOR KIMBERLY ANN TAYLOR
LEE A TAYLOR LEROY TAYLOR LINDA TAYLOR MATTHEW DONAVAN TAYLOR MEGAN TAYLOR MELVIN L TAYLOR MICHAEL L TAYLOR MICHAEL R TAYLOR NANCY S TAYLOR NICKOLE M TAYLOR PHYLLIS D TAYLOR QUINCY TAYLOR
R SCOTT TAYLOR REGINA C TAYLOR ROBERT V TAYLOR ROGER G TAYLOR RYAN TAYLOR SANDRA TAYLOR SONNY L TAYLOR STEVEN RANDALL TAYLOR TERRY L TAYLOR TERRY W TAYLOR JONPAUL E TEAGER CLAYTON D TEAGUE
DAVID W TEAGUE JAMES M TEAL KEVIN P TEBBE JAMES B TEDDER MAJOR H TEDDER ARVIND TEEMAL ERIC L TEETER G ANTHONY TEETER TROY A TEETER BRYAN D TEFFTELLER THOMAS G TEHAN DAVID A TEIXEIRA DERREN A TEIXEIRA
ALIOSKY TEJEDA ULLOA CESAR E TELLO JAIME L TELLO RAUL TELLO RENE TELLO FLEM D TEMPLEMAN LANCE T TEMPLES DONA TENBROCK DENNIS TENCATI LARRY P TENNANT JR HENRY A TENNENT RONALD TEODORO MARTIN TERAN
EVAN T TERHAR DAVE TERLECKY TRAVIS TERLESKY MARNA E TERNET JASON R TERNUS JUSTIN F TERNUS KEVIN A TERNUS DICK TERPIN STEFAN TERPIN KEVIN TERRACCINO JOHN H TERRICK AMANDA J TERRILL NANCY K TERRILL
ANTHONY TERRY BILLY DWIGHT TERRY CHRISTOPHER DALE TERRY JASON W TERRY JOSHUA BLAKE TERRY JOSHUA D TERRY WILLIAM TERRY MAHARI D TESFAI JESSE TESSIER KEVIN TESSIER MICHAEL M TETEN PHILLLIP MATTHEW TEW
DONALD W THACKER HENON B THACKER JEREMY THACKER SIM THACKER KEITH THAIN SHIVANG THAKURI KEVIN B THALER AUGUST H THAMM JR BRIAN J THARP GREGORY R THARP JOE A THARP JAMES O THAXTON MICHAEL S THAYER
STEVEN H THAYER ROBERT F THAYNE JAMES D THEDFORD JAMES G THEISEN PAT L THEISEN IRESHA THENABADU CHARLES THEOBALD MARK D THERIEN DENIS THERRIEN PIERRE THIBAULT ALBERT THIBEAULT RENAUD THIBOUTOT
CHRISTEN THIELE DAVID C THIES DONA J THIES BOB THIESSEN VICTOR THIESSEN HARBAJAN THIND RONALD L THIRLWALL LIONEL THIVIERGE MAGESH THIYAGARAJAN BARRON C THOMAS BOBBY E THOMAS BRIAN J THOMAS
BRUCE J THOMAS CECIL F THOMAS CECIL F THOMAS CHARLES E THOMAS CHARLES M THOMAS CHRISTOPHER THOMAS CLINT D THOMAS CLINT J THOMAS DALE A THOMAS DAVID THOMAS DAVID E THOMAS DONNA M THOMAS
DUANE R THOMAS EARL THOMAS EDDIE THOMAS ERIC D THOMAS ERIC D THOMAS JR FRED L THOMAS GILBERT THOMAS JAMES THOMAS JAMES M THOMAS JILLISKA A THOMAS JOEL H THOMAS JOHN THOMAS JOHN J THOMAS
JOHN W THOMAS JOHNNIE B THOMAS JOSEPH THOMAS JOSEPH A THOMAS KEITH THOMAS KENNY THOMAS MARK A THOMAS MATTHEW THOMAS MATTHEW A THOMAS MICHAEL A THOMAS MICHAEL H THOMAS MICHAEL R THOMAS
MOSES THOMAS NEIL D THOMAS NICHOLAS R THOMAS PATTY THOMAS RICHARD A THOMAS RODNEY ALI THOMAS RONALD THOMAS SHANE R THOMAS STEVEN E THOMAS STEVEN W THOMAS TAWANA M THOMAS WALTER J THOMAS
WILLIAM THOMAS WILLIAM CHARLES THOMAS JAMES THOMAS-FLYNN BILLY JOE THOMASON JR CHRISTOPHER M THOMASON STACEY L THOMPKINS ALVIN J THOMPSON BERTON THOMPSON BRYAN E THOMPSON CARL THOMPSON
CASSIE THOMPSON CHARLES WESLEY THOMPSON JR CHRIS R THOMPSON CLAYTON THOMPSON COLBY SCOTT THOMPSON DANIEL THOMPSON DANIEL B THOMPSON DANYEL THOMPSON DAWN G THOMPSON DUANE A THOMPSON
EBEN A THOMPSON ERIC L THOMPSON ERVIN D THOMPSON GLENN A THOMPSON GREGORY THOMPSON JACKIE H THOMPSON JAMES L THOMPSON JAMES V THOMPSON JEANNIE THOMPSON JERRY THOMPSON JERRY W THOMPSON
JOHN EDWARD THOMPSON JOSEPH THOMPSON JOSHUA TERRELL THOMPSON JOYCE M THOMPSON KEITH E THOMPSON KENNY J THOMPSON KEVIN THOMPSON LARRY A THOMPSON LEANARD C THOMPSON LYNN A THOMPSON
MARGARET F THOMPSON MARLON THOMPSON MELINDA THOMPSON MICHAEL THOMPSON MICHAEL A THOMPSON MICHELLE THOMPSON MIKE THOMPSON PHILIP G THOMPSON R ANDALL E THOMPSON RICHARD W THOMPSON
ROBERT E THOMPSON ROBYN THOMPSON SAMUEL LEE THOMPSON SEAN THOMPSON SHAWN W THOMPSON STANLEY C THOMPSON STANLEY HEATH THOMPSON STE VE D THOMPSON TAMMY R THOMPSON THOMAS D THOMPSON
TIMOTHY THOMPSON TODD THOMPSON TRAVIS THOMPSON WARREN THOMPSON WAYNE ELDON THOMPSON WILLIAM H THOMPSON DRAKE BOYD THOMSEN G THOPPE BILLY GRANT THORN SAM L THORNAL JEFFREY F THORNE
LLOYD THORNE JOHN W THORNHILL JR NEIL R THORNLEY RICHARD THORNQUIST BRYAN C THORNTON BRYAN K THORNTON CHARLES THORNTON DANIEL M THORNTON JASON M THORNTON JAMES S THORPE MARTIN D THORPE
ANTHONY K THRASH RODNEY J THRASHER JOHANNA L THREM PAUL F THUNKER BALA THURAISINGHAM BRYSON L THURMAN ERIC D THURMAN VAN W THURMOND BR ADY L THURSTON TR AVIS J THURSTON DAVID TIBBITS
THOMAS H TIBERI DARREN G TIBON TAMMY TICE RYAN TICO DAVID TIDEY STEVEN R TIDMORE WILLIAM MICHAEL TIDMORE JAMES P TIDWELL GARY TIEDGEN JEREMY TIEDGEN MARCUS J TIEDTKE LAUREN E TIETGEN LEE L TIFFANY
MITCHELL TIFFANY JOSHUA TIGRETT JAMES W TILBURY CHERYL L TILL RAY MATTHEW TILLER BRIAN L TILLEY CL AYTON C TILLEY ROBERT D TILLEY JIM E TILLMAN TOMMY A TILLMAN RICHARD A TILLOTSON TRAVIS Y TILMAN
MIKE TILSON ADAM L TILTON L ARRY E TILTON ANTONIO TIMAS LANCE C TIMBERLIN TONY TIMLICK KEITH W TIMMERMAN BARTON J TIMMONS DARRELL A TIMMONS JESSE L TIMMONS WILLIAM E TIMMONS JR CURTIS L TIMMS
TERRENCE TIMOTHY CHARLIE J TINDALL CHRISTOPHER R TINEN KENNETH T TINER SHELDON N TINGEY STEVEN L TINGLE SARINYA TINGSABHAT JASON C TINNEY D`JUANA TINSLEY JIMMY M TINSLEY MARCUS A TINSLEY ASHLEY K TIPPETT
ROBERT D TIPPITT ROBERT TIPTON TIMOTHY A TIRABASSI ALAN TIREY JANE TIRRELL LAURICE D TISDALE III JEFFREY TITCHKOSKY SAVANG TITH KATHY J TITLER PHILLIP A TITLER BRANDON R TITTLE DAVON TITTLE JON M TITUS
STACY L TJADEN MICHAEL TOA SIOLOTULI L TOAETOLU IAN TOALE MICHAEL TOBACCO JOHN TOBIN CRAIG J TODD LEONARD TODD MICHAEL S TODD PRESTON H TODD STEPHANIE A TODD STEVE TODD LESTER F TODT
BRETT H TOILLION KIMBERLY A TOILLION CHRISTOPHER TOKARZ KRISTI TOLBERT REGINALD D TOLBERT RICHARD TOLLE JAMES BURTON TOLLETT PHILIP B TOLLEY JAY TOLMAN SUZANNE TOLMAN RONALD T TOLMER
MITCHELL P TOLOKONSKY BLAKE E TOLSON PAUL TOLSON JR ANDREW J TOM MICHAEL D TOMASEK JOAN M TOMAZ KENNETH E TOMB JASON R TOMI R ANDY TOMKINS LARRY J TOMLIN MICHAEL W TOMLIN ROBERT TOMLIN
DIXIE L TOMLINSON ALVIN J TOMLISON JAMES E TOMPKINS KURT J TOMPKINS MATTHEW R TOMPKINS DAVID TOMS MARIE TONELLO JASON M TONER DANIEL TONG DAVID A TOOLE TIMOTHY TOON ELWIN TOOTOOSIS LEON TOPALIAN
BRIAN M TOPE RICK TOPOROSKI TRADD N TOPPIN CHRISTOPHER S TOPPING MANUEL A TORAYA MANUEL J TORAYA ROBERT L TORBETT JEFF TORCELLO JAMES D TORELLI JOHN L TORMANEN ALAN TORRANCE JAMES TORRECILLAS
OSCAR TORRECILLAS PAUL TORRECILL AS BARBARA A TORRENCE ROBERT S TORRENCE ALEJANDRO G TORRES CRISTIAN ALFREDO TORRES EDUARDO TORRES ENOC TORRES JOSE TORRES RODRIGO TORRES SALVADOR TORRES
STACY LYNN TORRES VENTURA TORRES XIOMARA TORRES JUAN TORRES CARBAJAL STEPHEN TORREY JERRY E TORREZ SHERA TORREZ CHAD TOST JOSE CARLOS MELO TOSTE RAYMOND TOTH COLIN TOUGHER FODIE TOURE
ALVARO TOVAR DARIO TOVAR DAVID TOVAR FIDALBERTO TOVAR FRANCISCO TOVAR PAUL A TOWERY BRANDON D TOWLES M S TOWLES TOMMY TOWLES JEFFREY TOWNES BECKY J TOWNSEND DWIGHT D TOWNSEND SHEILA A TOWNSEND
TAVARIS MONTA TOWNSEND WILLIAM H TOWNSEND DAVID TOWNSON JR JAMES TOWNSON TERRY G TOWNZEN JR BRIAN TRACY GERALD TRACY KELLEY TRACY MARK S TRACY SCOTT ANDREW TRACY LARRY D TRAMEL PATRICK TRAMEL
CARLA D TRAMMEL CRAIG A TRAMMEL MORGAN TRAMMEL BRANDY KAY TRAMMELL CHRISTOPHER TRAMMELL JEREMY W TRAMMELL LEE W TRAMMELL JR SHANE S TRAMMELL FRANK TRAMONTOZZI CUONG Q TRAN SEAN MICHAEL TRANI
ABDOUL AYE TRAORE BAK ARY TRAORE LASSANA TRAORE MAMADOU TRAORE OUSMANE TRAORE SAMBA TRAORE PETER TR APANI CLIFFORD R TRAPP JOSHUA A TR APP LINDA M TRAPP RUSSELL G TR ASK GLENN L TRAUGHBER
IVAN TRAVER BRIAN TRAVERSIE JR MICHAEL J TRAVIS PIETER TR AVIS RODNEY W TR AVIS STAN TRAVIS WADE A TRAVIS BILL RIVES TRAWICK JR SONJA JEANETTE TRAWICK TIM L TR AYLOR TARA M TRAYNOR JEFFREY A TREADWAY
CLINT W TREASE J SCOTT TREECE JOHN L TREESE LEROY L TREESH RYAN S TREESH TODD L TREESH JACQUES TREMBLAY JEFFREY TREMBLAY PIERRE TREMBLAY JOHN TRESSA CHRISTOPHER A TRESSLER MARTIN TREVILLIAN
JONATHAN D TREVINO JUAN D TREVINO PAOLO M TREVISAN JULIE A TRIBBLE JERRY TRIBLE WILLIAM P TRICE TRIFON I TRIFONOV ROY J TRIMBLE JOSHUA TRINER KENNETH TRINIDAD LUIS R TRINIDAD MARIO TRINIDAD EUGENE TRIPLETT
FORREST J TRIPOD DARREN TRIPP KENT TRIPP BRIAN J TROCANO THOMAS P TROLSON GARRETT TROMBI MARCOS TRONCOSO JEFFERY L TROTMAN JOSHUA K TROTMAN KEVIN D TROUSDALE ANTHONY M TROUT JEFFREY TROUT
JEFFRY TROUT MELISSA M TROUT WILLIAM J TROUT AARON J TROUTMAN KRISTIE FORD TROUTMAN TERRY TROUTMAN TRACY D TROUTMAN AUTUMN A TROUTT DAVID L TROUTT SCOTT A TROUTT WESLEY L TROWBRIDGE
AMANDA J TRUAX JASON TRUAX JACK L TRUDEAU MELODY J TRUDEAU TIMOTHY TRUDELL BRADFORD G TRUE PAUL TRUE JACK D TRUEBLOOD III MICHAEL A TRUELOVE MICHAEL TRUESDELL DONALD ROBERT TRUFANT BENJAMIN TRUJILLO
DAVID TRUJILLO BRYSON TRUMBLE ISABEL G TRYTHALL LIN TSENG CHARLES TSHIKO JIM M TSIRIKOS TAUVAO TUALA ROBERT E TUBBS TONY R TUBBS BRAD TUCK SEAN TUCK CHARLES JOSEPH TUCKER CHRISTOPHER R TUCKER
ELDON D TUCKER GREGORY J TUCKER JERRY S TUCKER JOE A TUCKER JOSEPH E TUCKER KARALEE J TUCKER KENNETH TUCKER LARRY C TUCKER LONNELL TUCKER LYNN TUCKER MARC TUCKER MICHAEL TUCKER PATRICIA TUCKER
RANDY GLENN TUCKER ROBERT H TUCKER ROBYN R TUCKER TODD E TUCKER WARD J TUCKER WILBERT DALE TUCKER WILLIAM TUCKER JOHN D TUCKEY II PETER TUITEL JR DANIEL TULACRO FRED TULACRO THOMAS J TULLY
ROBERT R TUNIN MORRIS LEWIS TUNNELL JR WILLIAM TUPLIN DON TUPPER ANTHONY G TURCIC MATTHEW P TURCOTTE PATRICK TURCOTTE FERNAND TURGEON JOHN TURK CHRISTINE TURMAINE ETHAN TURNAGE MICHAEL W TURNAGE
JOHN TURNBOW ANGELO A TURNER BOBBY TR AVIS TURNER BRUCE TURNER BYRON K TURNER CARLOS T TURNER CHARLES TURNER CHARLES L TURNER CHARLES R TURNER CHERYL TURNER CHRISTOPHER W TURNER
CINDY A TURNER CLAYTON TURNER CLIFFORD A TURNER DAVID TURNER DAVID S TURNER DOUGLAS TURNER EDDIE J TURNER EMMETT H TURNER EVELYN S TURNER JAYMIE DANIEL TURNER JEFFREY L TURNER JENNIFER E TURNER
JERRY L TURNER JIM LEE TURNER JIMMY N TURNER JR KEITH A TURNER LIONEL ONEAL TURNER LISA GAIL TURNER LITTLE J TURNER MICHAEL W TURNER RAY L TURNER REGINALD TURNER RICHARD TURNER SCOTT A TURNER
STEPHEN L ARRY TURNER TAMMY S TURNER TERRY AUSTIN TURNER TIM R TURNER W MARK TURNER SR ZACHARY L TURNER SR JOHN L TURNEY WAYNE D TURNEY QUINNTON W TURNIPSEED ALEX TURON JOHN C TUROSE
MICHAEL R TURVEY SHAWN TUSIM DIANE L TUTTLE LINDA TUTTLE SCOTT J TUTTLE LARRY D TWEEDY JEFF TWIGG LESTER TWIGG BENJAMIN D TWINE ROBIN S T YDE DALL AS D T YLER OWEN W T YLER STEPHEN J TYLER
TASHA CHRISTINA TYLER ELDON TYMS JOSEPH TYNAN ALFRED R TYNER JR JAMES O TYNER JR DAVID A TYO TOMMY L TYO MARY B TYSON BURKE N UDY DUSTY UDY EILEEN D UDY MONA M UDY REESE N UDY WESLEY D UDY
ALLAN W UETTWILLER JOSHUA L UHINCK DANIEL J UHING BRETT M ULLOM JOSHUA J ULMER CHRISTOPHE ULRICH DANIEL S ULRICH JEREMY ULRICH MARK ULRICH NICHOLAS ULRICH YOEUN UN DEBRA A UNDERWOOD
ERIC M UNDERWOOD JAMES M UNDERWOOD JAMIE K UNDERWOOD JOE UNDERWOOD JR JONATHON A UNDERWOOD KEVIN J UNDERWOOD NEIL UNDERWOOD RICK L UNDERWOOD WYATT UNDERWOOD MICHAEL S UNGER
JOSEPH A UNGERS ERIC S UPLINGER AMY C UPP THOMAS W UPSHAW STEVEN M UPTON RAUL URBINA DONOSO MIRA UREKAR REGINA URICK NATHANIEL S URTEAGA WALTER L USREY JOSHUA ROBERT USSERY D CHAD UTERMARK
SHERMAN L UTLEY THOMAS E UTT LOWELL G UTTECHT SCOTT M UYEMATSU DENNIS VADASZ CODY VADEBONCOEUR PHILLIP GREGORY VADEN WAYNE VAILLANT ROBERT VAIN PAUL VAIVAI GILVERTO VALADEZ DAVILA ROBERT VALDEZ
JOSE G VALDIVIA JOSE O VALENCIA-ROJAS ROBERT VALENTI NARCISO VALENTIN JR SYLVIA VALENTIN JADE C VALENTINE JAMES VALENTINE MICHAEL D VALENTINE JOSE VALENZUELA JOSE VALENZUEL A III NICK VALENZUELA
RIGOBERTO VALENZUELA RODOLFO VALENZUELA-PARRA LUIS VALERA JOSEPH RAFAEL VALIENTE MICHAEL A VALLADARES JOEL VALLE-QUINANES JOE VALLIERES KIMBERLY L VALZ KIMBERLY VAN ARKEL JASON VAN BREDERODE
KEVIN VAN DE VEN BRENDA VAN DER KAMP DARREL VAN DER KAMP PETER VAN DIESEN NATHAN VAN DUSSEN BRIAN VAN EGMOND JOHN E VAN GIESSEN PHILIP A VAN HOVE SCOTT VAN KOOTEN WALTER J VAN LUE JR BROCK VAN MOURIK
JAMES H VAN NATTER CL ARA VANASWEGEN TODD W VANATTA GEORGE VANBEBBER CHARLES VANCE EDY TH F VANCE MIKE C VANCE STEPHEN R VANCE JASON Z VANCLEAVE KELLY J VANCLEAVE MICHAEL G VANDEFIFER
TIMOTHY VANDEKERCKHOVE CHAD VANDENBERG BRENDA VANDER POL CRAIG VANDERFORD JIM VANDERGRIENDT LYNDA VANDERHEYDEN DAVID C VANDERKA AY PAUL VANDERKOOI TIMOTHY VANDERKOOY LYNDSAY VANDERLEE
RODNEY S VANDERSTELT JAY W VANDERTOLL JR JOEL VANDERVIES JASON A VANDERWALKER DEREK D VANDEUSEN DONALD VANDEVENNE JONATHAN WESLY VANDINE WALLACE JOHN VANDUSEN DAVID VANDYKE MICHAEL K VANDYKE
RUSSELL VANDYKE MARK VANDYKEN JAKE VANELSWYK JAMES C VANEYK JACK VANIER MARK L VANIK DERRYCK T VANISH WILLIAM MARK VANN MELISSA VANNORTRICK STEVE VANNOY DALE A VANOSDALL ERIC D VANOSDALL
CHARLES E VANOVER DONALD G VANOVER EMILY J VANOVER JAMES E VANOVER JONATHAN C VANOVER TROY VANOVER KEITH E VANRIPER GERHARD VANROOYEN KYLE D VANSCOYOC TERRY L VANSCOYOC DAVID B VANSICKLE
MARTIN A VANSLAGEREN PATRICK MICHAEL VANSLYKE AARON VANTHOURNOUT IRA K VANVALKENBURG JOHN R VANVALKENBURG TRENT D VANVALKENBURG JAMES W VANVLEET ROBERT M VANVLEET STEVEN J VANVLEET DUSTIN D VANZILE
MADONNA VARANELLI JOSE VARELA JULIO VARELA RIGOBERTO VARELA CESAR VARGAS EFRAIN VARGAS HECTOR VARGAS J VARGAS JESUS VARGAS JORGE VARGAS JOSE VARGAS JOSE O VARGAS JUAN VARGAS JUAN VARGAS
SERGIO H VARGAS ROGER T VARGO JR ANTONIO VARIO DENNIS VARVEL GARRY D VARWIG ALBAR VASQUEZ DARREN VASQUEZ GASTON VASQUEZ GUADALUPE VASQUEZ JON M VASQUEZ JOSEPH D VASQUEZ JULIE C VASQUEZ
LUIS VASQUEZ VERONICA E VASQUEZ DENNIS VASSA ALAN E VASSAR JERRY W VASSAR PHILLIP N VASSAR PHILLIP R VASSAR JOHN D VASSEL BILL M VAUGHAN II DAVID CHARLES VAUGHAN JOHN VAUGHAN MIKE W VAUGHAN
DARRELL D VAUGHN JR JEFFREY VAUGHN JOSHUA R VAUGHN KEITH B VAUGHN PATRICK L VAUGHN PAUL E VAUGHN ROBERT L VAUGHN SR ROBERT WAYNE VAUGHN ROGER DOYLE VAUGHN RONALD VAUGHN TERRY L VAUGHN
CHRISTOPHER S VAUGHT KATHY A VAUGHT GLEN A VAUSE JORGE L VAZQUEZ JOSE VAZQUEZ LUIS VAZQUEZ MIGUEL VAZQUEZ REY VAZQUEZ OSVALDO VAZQUEZ ALMEIDA RICHARD B VEAL SHEA VEAZEY JOSE V VEGA CONTRERAS
RAMON VEGA-CORONA MICHELLE M VEIK JOELLE VEILLARD GERARDO VEL ASQUEZ JOSE VELAZQUES ANGEL L VELAZQUEZ SEFERINO VELAZQUEZ ELVIN VELAZQUEZ NAVAS JAIME F VELA ZQUEZ NAVAS ALEJANDRO VELEZ CESAR G VELEZ
SERGIO VELEZ SARAVANAN VELL AYAN TEODOSIO VELO DONALD VAL VENABLE GORDON R VENABLE ROGER L VENABLE ALEJANDRO VENEGAS OMAR VENEGAS VIDHYALAKSHMI VENGU DAVID A VENSEL ELIZABETH VENTMILLER
DUSTY W VENTRESS TIMOTHY VERA ALBERTO VERA-MALONADO CRAIG VERBERNE DAVID JOSEPH VERDI ARLENE G VEREEN GUILLERMO VEREZ SANTIAGO VEREZ TOMAS VERGARA JIM VERGETTE PETER P VERMETTE JR RONALD VERMETTE
MICHAEL VERMILLION M SHANE VERNON DONNA VERSTEEGH MARK A VERUCCHI RONALD J VESKRNA DEBRA W VESS DANIEL B VESTAL CANDICE VETOR JOSEPH A VICARI IV JENNINGS VICK III BRIAN B VICKERS GLORIA VICKERS
GREGORY ALLEN VICKERS CHRISTY L VICKNAIR VINCENT VIDAURRE JESUS VIERA CHARLES R VIGIL ANDRE VIGILANTE KENNETH VIGUE KEITH D VILDERS ANTHONY VILDOSOLA TONI VILLAFUERTE PABLO VILLAGRANA DARIO VILLALOBOS
GUADALUPE A VILLALOBOS NELSON VILLALOBOS MILLICENT VILL ALON GERARDO VILLALPANDO CEAZAR V VILLANUEVA EDGAR VILLARREAL JOSE R VILLARREAL U ANTONIO VILLARREAL CLEMENTE VILLASENOR FELIX VILLASENOR
GERBACIO VILLASENOR JOEL VILLASENOR LUIS VILLASENOR OSWALDO VILLASENOR DAVID VILLEGAS DAVID VILLEGAS RICARDO VILLEGAS VICTOR VILLEGAS JUAN VILLELA DAVID VILLESCAS DOMINGO A VILLEZCAS HOWARD VINCENT
JESSIE S VINCENT STEVEN L VINCENT WAYNE VINCENT JAYMIN G VINSON JERRELL G VINSON JASON VIOLETTE LYNN A VIOX DON C VIRGIES NATHANIEL VIRGIL JR PORFIRIO VISAYA LUIS VISCARRONDO CHRISTOPHER VISENTIN
SCOTT J VISGAR EVELYN VISSER KENNETH L VISSERING KARTHICKNATHAN VISWANATHAN VIJAYKUMAR VISWANATHAN REFUGIO VITELA LUCIANO VITELLO MARK T VITT GIUSEPPE VITULLI JAY VIVIER LORETTA VIZBARAS JOSH VIZEAU
MATTHEW VIZEAU ROBERT VODDEN KEVIN J VOECKS GERALD I VOGEL JAY D VOGEL LEONARD VOGEL ROBERT T VOGEL STEVEN M VOGEL TYRONE J VOGEL SHAMUS VOGELSANG RONALD ROWDY VOILS JARRED T VOLEK DAVE J VOLK
JERI L VOLK NICHOLAS W VOLK RONALD J VOLK ERNEST M VOLKMAN CHARLES D VOLQUARDSEN ANDREW VON FLUE GEORGE VON ROTZ ROBIN L VONDRAK SONXAY VONGNAKHONE DOUG E VONHANDORF WILLIAM G VORDERER
DEANNE L VORNHAGEN WESTON VOS BRADLEY ZANE VOSS GARY D VOSS JESSIE K VOSS ZANE TIMOTHY VOSS LAWRENCE J VOTRUBA DARIN R VOUGH DAVID G VOUGHT WAYNE VOUT MARGARET VOWLES RICHARD VOYER
DAN VRAKELA MARK J VRBKA MADAPPA VRISHABHENDRA JOHN VUCKOVICH JAMES F VUILLEMOT DOUGLAS J VYHLIDAL RAYMOND J VYTLACIL KYLE A WAAK NANCY JEAN WABY RAY WACHEL ERIC D WACHHOLTZ MARK J WACHHOLTZ

Table of contents

  • Page 1
    2009 AnnuAl RepoRt JAMES DUANE STOKER AARON STOKES ADAM STOKES CHRISTOPHER LD STOKES DANIEL STOKES GEORGE D STOKES JOHN G STOKES LORIANN STOKES NATHAN STOKES TONY STOKES TRAVIS STOKES BRETT M STOLER AMY STOLL DAVID R STOLP KENNETH G STOLP RYAN W STOLP JAY A STOLPA J DEREK STOLTZFUS ALVIN STONE ...

  • Page 2
    ... J WILLIAMS DAN P WILLIAMS DANIEL J WILLIAMS DANNY WILLIAMS DARYL E WILLIAMS DAVID E WILLIAMS DAVID JAMES WILLIAMS DEON T WILLIAMS DONNA ELLEN WILLIAMS ELIE WILLIAMS FRANK H WILLIAMS JR GARY L WILLIAMS GORDON DAVID WILLIAMS GRANT S WILLIAMS HAROLD B WILLIAMS HAROLD L WILLIAMS JR HARRY L WILLIAMS...

  • Page 3
    ...CHARLES C BETTS STEPHEN BETTS BRYON E BEUTLER JOSEPH E BEVEL STEPHEN R BEVINGTON WILLIAM D BEVIS GARY W BEWLEY MICHAEL A BEYER RAJESH H BHAGNARI AJIT K BHANOT STEVE BHOPARAI CHRISTIAN Y BIAKU EUGENE BIALEK DAVID BIALIK MATTHEW SCOTT BIBBENS DAVID A BIBBS JAMES N BIBLE JOSE D BIBRIESCA PATRICK BICHEL

  • Page 4
    ... R BRIDGES DAVID W BRIDGES GREGORY B BRIDGES JARED HEATH BRIDGES MARY B BRIDGES RICKY L BRIDGES CHET B BRIDGEWATER TERRY BRIDGEWOOD ALAN BRIDGMON ALEX R BRIEL GEORGE BRIER JEFFERY A BRIER BODEAN N BRIGGS GREG BRIGGS JOSEPH C BRIGGS TODD BRIGHAM SR DALE C BRIGHT DAPHNE A BRIGHT JAKE A BRIGMAN JAMES...

  • Page 5
    ... Review: S3eel Mills Segmen3 Bar Mills, Shee3 Mills, S3ruc3ural Mills and Pla3e Mills S3eel Produc3s Segmen3 Reinforcing Produc3s S3eel Mesh, Gra3ing and Fas3ener Vulcraf3 and Verco Buildings Group and Ligh3 Gauge S3eel Framing Cold Finish Raw Ma3erials Segmen3 Managemen3's Discussion and Analysis...

  • Page 6
    ...: (1) the sensitivity of the results of our operations to prevailing steel prices and changes in the supply and cost of raw materials, including pig iron and scrap steel; (2) availability and cost of electricity and natural gas; (3) market demand for steel products, which, in the case of many of our...

  • Page 7
    ... James D. frias chief financial Officer, treasurer and Executive Vice President Financiap Highpights In 2009, Nucor posted a net loss of $293.6 million, or $0.94 per diluted share, compared with record net earnings of $1.83 billion, or $5.98 per diluted share, in 2008. Consolidated net sales...

  • Page 8
    ... The current macroeconomic and industry conditions provide us with a clear opportunity. With inventories at historic lows, customers increasingly value suppliers who can quickly meet their needs for high quality, competitively priced steel and steel products. Our highly flexible operations, combined...

  • Page 9
    ... our Louisiana blast furnace project if the threat of climate change legislation makes that project unviable. Sustainabipity When Ken Iverson began the Nucor revolution in steel making in 1965, with our first bar mill located in Darlington, South Carolina, sustainability was the driving force behind...

  • Page 10
    ...the company. Terry, who retired at the end of 2009, began his Nucor career in 1985 as Manager of Financial Accounting. Six years later, he was elected Vice President and Corporate Controller, and in January 2000, he accepted the challenge of replacing Sam Siegel as our Chief Financial Officer. Under...

  • Page 11
    ... and international operations grew, while every division took advantage of slower times to develop new ways to improve processes and products while focusing on, as Dan says, Taking Care of the Customer. This is not new. Nucor's leadership has a long track record of managing the company successfully...

  • Page 12
    8 OPEratiONs rEViEW stEEl mills sEGmENt Bar mills, sHEEt mills, structural mills aND PlatE mills Nucor operates scrap-based steel mills in 23 facilities and is North america's largest recycler. Bar mills sHEEt mills castriP mills BEam mills PlatE mills NucOr cOrPOratE OfficE

  • Page 13
    ... construction of the state-of-the-art special bar quality (SBQ) mill in Memphis was substantially completed in 2008, and the Nucor Steel - Memphis team began shipping prime rolled bars to customers in early 2009. This mill will complement the product offerings of Nucor's Nebraska and South Carolina...

  • Page 14
    ...and the balance was used internally by the Vulcraft, Cold Finish, Rebar Fabrication, Buildings Group and Fastener divisions. Steel shipments to outside customers decreased 34% from 18,185,000 tons in 2008 to 12,075,000 tons in 2009. Our steel mill customers are primarily manufacturers, steel service...

  • Page 15
    11 22,500 18,000 13,500 9,000 thousands of tons 4,500 year 00 01 02 03 04 05 06 07 08 09 STEEL PRODUCTION 21,000 22,500 16,800 18,000 12,600 13,500 8,400 9,000 thousands of tons thoussnds of tons 4,200 4,500 yesr 00 01 02 03 04 05 06 07...

  • Page 16
    12 stEEl PrODucts sEGmENt rEiNfOrciNG PrODucts BuilDiNGs GrOuP Vulcraft & VErcO cOlD fiNisH stEEl mEsH, GratiNG & fastENEr Harris cOrPOratE OfficE NucOr cOrPOratE OfficE

  • Page 17
    ... a division of Harris Steel, fabricates steel and aluminum bar grating, safety grating and expanded metal products in facilities located throughout North America. Fisher & Ludlow serves the new construction and maintenance-related markets with annual production capacity of approximately 103,000 tons...

  • Page 18
    ... Verco Manufacturing Company (Verco). This acquisition included three deck plants located in Arizona and California, positioning Nucor to better supply the large western construction market. Current annual deck production capacity is now approximately 530,000 tons. In 2009 steel deck sales decreased...

  • Page 19
    15 625 500 500 400 375 300 250 200 thousands of tons 125 thousands of tons 100 yesr 00 01 02 03 04 05 06 07 08 09 year 00 01 02 03 04 05 06 07 08 09 STEEL JOIST PRODUCTION STEEL DECK SALES

  • Page 20
    ...single brand, Nucor Building Systems, which consisted of three facilities located in Indiana, South Carolina and Texas. During the first quarter of 2008, Nucor's Brigham City, Utah, facility began its operations, adding 30,000 tons to annual capacity. These four plants have an annual capacity of 175...

  • Page 21
    ... LMP is a producer of cold finished bar and operates related businesses servicing the construction and OEM markets in North America. The total capacity of the Nucor cold finish bar and wire facilities is approximately 860,000 tons per year. In 2009, sales of cold finished steel products were 330,000...

  • Page 22
    ... several years, Nucor has executed a raw materials strategy to control the supply of high quality metallics for consumption at the steel mills. TRINIDAD scr aP Pr OcEssiNG BrOkEr aGE OfficEs* Nu-irON uNlimitED OtHEr DJJ cOrPOr atE OfficE NucOr cOrPOr atE OfficE *Hong Kong office not shown

  • Page 23
    ... North American steel producer. Nucor's direct reduced iron ("DRI") plant, Nu-Iron Unlimited, is located in Trinidad and has capacity of 1,800,000 metric tons. We are currently working on a plan to expand the capacity of this facility. The Trinidad site benefits from a low-cost supply of natural gas...

  • Page 24
    ...cold finish steel, steel fasteners, metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. The raw materials segment produces direct reduced iron (DRI) used by the steel mills; brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies...

  • Page 25
    ...decrease in tons sold to outside customers and a 35% decrease in the average sales price per ton from $907 in 2008 to $593 in 2009. Total production levels at the steel mills decreased 32% due to significant decreases in outside shipments as well as in tons supplied to Nucor's downstream businesses.

  • Page 26
    ... costs related to the HIsmelt project in Australia, the construction of the COST PER TON USED SBQ mill, the start-up of the Castrip facility, the construction of the galvanizing line and the start-up of our building systems plant in Brigham City, Utah. Nucor defines pre-operating and start-up costs...

  • Page 27
    ... joint venture in Australia. The HIsmelt process is a blast furnace replacement technology that has the potential to be a hot metal source for electric arc furnaces. In December 2008, production at the HIsmelt plant was suspended due to market conditions. Given the uncertain outlook for the pig iron...

  • Page 28
    ... in 2007 to $940 in 2008, while total shipments to outside customers increased 10%. The fourth quarter average sales price per ton decreased 13% from the third quarter, accompanied by a 36% decrease in tons shipped to outside customers. In the steel mills segment, production and sales tons were as...

  • Page 29
    ... facility in Arkansas, the construction of a galvanizing line at our sheet mill in Alabama and the start-up of our building systems plant in Utah. In 2007, these costs primarily related to the HIsmelt project, the construction of the SBQ mill and the start-up of the Utah building systems plant...

  • Page 30
    ...credit facility that does not expire until November 2012 was undrawn. We believe our financial strength is a key strategic advantage among domestic steel producers, particularly during recessionary business cycles. We carry the highest credit ratings of any metals and mining company in North America...

  • Page 31
    ... to reduce our current spending on our facilities to very low levels during severely depressed market conditions such as we experienced in 2009. Nucor made significant acquisitions in 2008, using cash of $1.83 billion. The acquisition of DJJ in 2008 was the largest in the Company's history. Also...

  • Page 32
    .... Our steel mills utilization rate was 58% for the fourth quarter of 2009, and our steel products facilities operated at 48% of capacity in the fourth quarter. A significant portion of our steel and steel products segments sales are into the commercial, industrial and municipal construction markets...

  • Page 33
    ... plan. While we expect to see improvements in steel mill shipments in the first quarter, we also expect significant increases in both sales prices and scrap costs, which would result in a LIFO charge. In addition to weakened end-use demand, many steel industry customers continue to maintain reduced...

  • Page 34
    ..., directly or indirectly, could have a material adverse effect on our results of operations, cash flows and financial condition. In 2010, we will continue to execute on our successful and disciplined, multi-pronged growth strategy. Even though acquisition spending decreased significantly in 2009...

  • Page 35
    ... value for our Buildings Group reporting unit of $25.4 million and our Steel Trading reporting unit of $9.3 million at December 31, 2009. Nucor concluded during the second quarter of 2009 that an interim triggering event had occurred for purposes of testing goodwill recorded within the Cold Finish...

  • Page 36
    ...the global demand for steel and the losses incurred at the investment during 2009, we evaluated our investment in Duferdofin Nucor during the fourth quarter of 2009. Nucor determined the estimated fair value of our investment in Duferdofin Nucor using a discounted cash flow model based on a weighted...

  • Page 37
    ... "takE 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...

  • Page 38
    ...00 01 02 03 04 05 06 07 08 09 W O R K I N G C A P I TA L P R O P E R T Y, P L A N T A N D E Q U I P M E N T 3,500 8,000 2,800 6,400 2,100 4,800 1,400 3,200 millions of dollars millions of dollsrs 700 1,600 year 00 01 02 03 04 05 06 07 08 09 year 00 01 02 03 04...

  • Page 39
    ... 04 05 06 07 08 09 year 00 01 02 03 04 05 06 07 08 09 NET SALES NET EARNINGS (LOSS) 1,000 500 800 400 600 300 400 200 millions of dollars millions of dollars 200 100 year 00 01 02 03 04 05 06 07 08 09 year 00 01 02...

  • Page 40
    ...Y Produc3 sheet Bar structural Plate total 2 0 0 9 s t E E l P r O D u c t s c a Pa c i t Y Produc3 Thousands of Tons 1,588 860 715 530 465 233 103 75 4,569 Thousands of Tons 10,800 8,910 3,700 2,800 26,210 rebar fabrication cold finish Joist Deck Buildings Group steel mesh Grating fastener total...

  • Page 41
    ... Dividends declared per share Percen3age of ne3 earnings (loss) 3o ne3 sales Re3urn on average s3ockholders' equi3y Capi3al expendi3ures Acquisi3ions (ne3 of cash acquired) Deprecia3ion Sales per employee at YEar END Curren3 asse3s Curren3 liabili3ies Working capi3al Cash provided by opera3ing...

  • Page 42
    ... the degree of compliance with the policies or procedures may deteriorate. Management assessed the effectiveness of Nucor's internal control over financial reporting as of December 31, 2009. In making this assessment, management used criteria set forth by the Committee of Sponsoring Organizations of...

  • Page 43
    ... their operations and their cash flows for each of the three years in the period ended December 31, 2009 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over...

  • Page 44
    ... BalaNcE sHEEts cONsOliDatED BalaNcE sHEEts December 31, assEts currENt assEts: Cash and cash equivalen3s (No3e 15) Shor3-3erm inves3men3s (No3es 4 and 15) Accoun3s receivable, ne3 (No3e 5) Inven3ories, ne3 (No3e 6) O3her curren3 asse3s (No3es 14, 15 and 20) To3al curren3 asse3s PrOPErtY, PlaNt...

  • Page 45
    ...BENEfit frOm) iNcOmE taXEs (No3e 20) NEt EarNiNGs (lOss) EarNiNGs attriButaBlE tO NONcONtrOlliNG iNtErEsts NEt EarNiNGs (lOss) attriButaBlE tO NucOr stOckHOlDErs NEt EarNiNGs (lOss) PEr sHarE... share data) 2009 $11,190,296 2008 $23,663,324 19,612,283 714,064 36,920 105,183 90,483 20,558,933 2007 ...

  • Page 46
    ...48 S3ock op3ions exercised Issuance of s3ock under award plans, ne3 of forfei3ures Amor3iza3ion of unearned compensa3ion Treasury s3ock acquired Cash dividends ($2.44 per share) Dis3ribu3ions 3o noncon3rolling in3eres3s O3her BALANCES, December 31, 2007 Comprehensive income: Ne3 earnings in 2008 Ne3...

  • Page 47
    ... payable Federal income 3axes Salaries, wages and rela3ed accruals O3her Cash provided by opera3ing ac3ivi3ies iNVEstiNG actiVitiEs: Capi3al expendi3ures Sale of in3eres3 in affilia3e Inves3men3 in and advances 3o affilia3es Disposi3ion of plan3 and equipmen3 Acquisi3ions (ne3 of cash acquired...

  • Page 48
    ... ENDED DEcEmBEr 31, 2009, 2008 aND 2007 1. NaturE Of OPEratiONs aND Basis Of PrEsENtatiON Nature of Operations Nucor is principally a manufacturer of steel and steel products, as well as a scrap processor, with operating facilities and customers primarily located in North America. Principles of...

  • Page 49
    ... exceed their projected undiscounted cash flows. When it is determined that an impairment exists, the related assets are written down to estimated fair market value. Equity method investments Investments in joint ventures in which Nucor shares control over the financial and operating decisions but...

  • Page 50
    ... value of financial instruments for publicly traded companies for both interim and annual periods. This provision did not have a material impact on Nucor's consolidated financial statements. See Note 15 for the relevant disclosure. Also in the second quarter of 2009, Nucor adopted a new accounting...

  • Page 51
    ... cost, the acquisition of DJJ provides an ideal growth platform for Nucor to expand our direct ownership in the steel scrap supply chain and further our raw materials strategy. We obtained independent appraisals for the purpose of allocating the purchase price to the individual assets acquired and...

  • Page 52
    ... $667.0 million. Duferdofin Nucor operates a steel melt shop with a bloom/billet caster, two rolling mills and a bar mill in Italy. Nucor accounts for this investment using the equity method (see Note 9). 2007 In 2004, Nucor acquired a one-half interest in the rebar fabricator Harris Steel Inc., the...

  • Page 53
    .... Unaudited pro forma results for Nucor, assuming the acquisition of Harris Steel occurred at the beginning of 2007 are as follows: (in thousands except per share data) 2007 Ne3 sales Ne3 earnings a33ribu3able 3o Nucor s3ockholders Ne3 earnings per share: Basic Dilu3ed $4.99 $4.97 $16,769...

  • Page 54
    ... new venture. Barker contributed eight facilities in exchange for a 10% interest and the $61.1 million distribution. In August 2007, a wholly owned subsidiary of Nucor acquired Magnatrax Corporation, a leading provider of custom-engineered metal building systems with seven fabricating plants located...

  • Page 55
    ... goodwill originally allocated to the steel products segment and $24.7 million of the goodwill originally allocated to the steel trading businesses included in the "all other" category for the 2008 acquisition of Ambassador Steel Corporation was reallocated to the steel mills segment, for a total of...

  • Page 56
    ...cash flows of two of the Company's reporting units, Buildings Group and Steel Trading. As a result of the global economic recession, operating results of each of these reporting units declined significantly in the fourth quarter of 2008 and remained depressed throughout 2009. Nucor expects operating...

  • Page 57
    ... joint venture in Australia. The HIsmelt process is a blast furnace replacement technology that has the potential to be a hot metal source for electric arc furnaces. In December 2008, production at the HIsmelt plant was suspended due to market conditions. Given the uncertain outlook for the pig iron...

  • Page 58
    ... outstanding under the credit facility as of December 31, 2009 and 2008. Harris Steel has credit facilities totaling approximately $48.8 million, with no borrowings outstanding at December 31, 2009 and 2008. In addition, the business of Nucor Trading S.A., of which Harris Steel owns 75%, is financed...

  • Page 59
    ...of Nucor common stock, and each share of Preferred Stock has 5,000 times the voting power of one share of Nucor common stock. 14. DEriVatiVE fiNaNcial iNstrumENts The following table summarizes information regarding the fair value of Nucor's derivative instruments: (in thousands) December 31, 2009...

  • Page 60
    .... These natural gas purchase contracts will primarily supply our direct reduced iron facility in Trinidad. In the first half of 2008, the Company entered into a series of forward foreign currency contracts in order to mitigate the risk of currency fluctuation on the anticipated acquisition of a 50...

  • Page 61
    ... at fair value as of December 31, 2009. 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 Quoted Prices in active...

  • Page 62
    ... intrinsic value of options outstanding and options exercisable as of December 31, 2009 was $26.2 million. 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...

  • Page 63
    ...value of shares of common stock and common stock units to be awarded. Compensation expense for anticipated awards based upon Nucor's financial performance, exclusive of amounts payable in cash, was $7.3 million in 2009 ($10.1 million in 2008 and $18.3 million in 2007). The total fair value of shares...

  • Page 64
    .... 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's expense for these benefits totaled $9.6 million in 2009 ($281.3 million in 2008 and $229.9 million in 2007). The related...

  • Page 65
    61 20. iNcOmE taXEs Components of earnings (loss) from continuing operations before income taxes and noncontrolling interests are as follows: (in thousands) Year Ended December 31, Uni3ed S3a3es Foreign 2009 $(353,463) (60,515) $(413,978) 2008 $3,082,536 21,855 $3,104,391 2007 $2,512,067 34,749...

  • Page 66
    ...-current deferred tax liabilities were $342.0 million at December 31, 2009 ($350.3 million at December 31, 2008). Nucor paid $213.2 million in net federal, state and foreign income taxes in 2009 ($952.7 million in 2008 and $875.6 million in 2007). Undistributed earnings of Nucor's foreign operations...

  • Page 67
    ... 2009, Nucor had approximately $35.1 million of accrued interest and penalties related to uncertain tax positions ($22.9 million at December 31, 2008). The Internal Revenue Service (IRS) is currently examining Nucor's 2005 and 2006 federal income tax returns. Management believes that the Company has...

  • Page 68
    ..., steel fasteners, metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh. The raw materials segment includes DJJ, the scrap broker and processor that Nucor acquired on February 29, 2008; Nu-Iron Unlimited, a facility that produces direct reduced...

  • Page 69
    65 Nucor's segment results are as follows: (in thousands) Year Ended December 31, 2009 2008 2007 Ne3 sales 3o ex3ernal cus3omers: S3eel mills S3eel produc3s Raw ma3erials All o3her In3ercompany sales: S3eel mills S3eel produc3s Raw ma3erials All o3her Corpora3e/elimina3ions Deprecia3ion ...

  • Page 70
    ...116 $16,592,976 23. QuartErlY iNfOrmatiON (uNauDitED) (in thousands, except per share data) Year Ended December 31, 2009 Ne3 sales Gross margin(1) Ne3 earnings (loss) Ne3 earnings (loss) a33ribu3able 3o Nucor s3ockholders Ne3 earnings (loss) per share: Basic Dilu3ed 2008 Ne3 sales Gross margin Ne3...

  • Page 71
    ... c. Browning Lead Direc3or Nucor Corpora3ion Managing Direc3or Pe3er C. Browning & Associa3es, LLC clayton c. Daley, Jr. Former Vice Chairman and Chief Financial Officer The Proc3er & Gamble Company Daniel r. Dimicco Chairman, Presiden3 and Chief Execu3ive Officer Nucor Corpora3ion Harvey B. Gantt...

  • Page 72
    ... Birmingham, Alabama OPERATING FACILITIES Edmund r. aller General Manager Nucor Building Systems Utah, LLC Brigham City, Utah robert l. angotti Vice President of Nucor Executive Vice President of The David J. Joseph Company thomas J. Batterbee General Manager Nucor Building Systems Division Terrell...

  • Page 73
    ... Nucor Steel Auburn, Inc. Auburn, New York ronald k. kuenkler General Manager Nucor Building Systems Division Waterloo, Indiana James r. landrum Vice President, General Manager Vulcraft Division Grapeland, Texas michael D. lee Vice President, General Manager Nucor Steel Decatur, LLC Decatur, Alabama...

  • Page 74
    ... Data cOrPOratE OfficE 1915 Rexford Road Charlotte, North Carolina 28211 Phone 704/366-7000 Fax 704/362-4208 stOck PricE aND DiViDENDs PaiD first Quarter second Quarter third Quarter fourth Quarter stOck traNsfErs DiViDEND DisBursiNG DiViDEND rEiNVEstmENt American Stock Transfer & Trust Company...

  • Page 75
    ... C DANTONELLO ANTHONY J DANTONIO II USHAH DANZY DUC VAN DAO JEAN D'AOUST DEREK DARASKA JOHN LEWIS DARBY TERRY A DARBY DOMINIC DARIZ TYLER DARLINGTON BRYAN S DARNELL JASON L DARROW JAMES R DARSEY LEO R DARTEZ III SHAR A DARWISH MICHAEL A DASGUPTA JOSE DASILVA JUVENCIO DASILVA DINESH DASS NEENA R DASS...

  • Page 76
    ... GIDGET D FIKE G BEN FIKES TERRY C FILBY BRUCE A FILIAULT YAKOV V FILIPETS JOSEPH L FILIPPI TODD FILLIATER KEVIN FILLION RICHARD L FILLMER MICHAEL A FINCH KIMBERLY FINDLAY LORRAINE FINDLAY DAVID K FINDLEY JAMES D FINDLEY SCOTT M FINDLEY CHRISTY L FINFROCK DOUGLAS R FINK JAMES C FINK JR REGINA A FINK...

  • Page 77
    ... GRANDE SCOTT GRANGE CLARENCE BILL GRANGER MICHAEL C GRANGER RUSSELL GRANNUM COREY G GRANQUIST CHRIS A GRANT DANIEL C GRANT EREKA R GRANT FRED O GRANT GENERAL GRANT GEORGE R GRANT JR JACOB W GRANT JAMES GRANT JEFF E GRANT KENNETH GRANT SR LOYD PRESTON GRANT NICOLE GRANT ROBERT GRANT ROBERT K GRANT...

  • Page 78
    ... G HARRIS ROYCE G HARRIS RYAN J HARRIS SAMUEL T HARRIS SCOTT A HARRIS SEDRICK ARNESS HARRIS STACEY HARRIS TERRY L HARRIS TRAVIS HARRIS TWANA W HARRIS WESLEY P HARRIS WILLIAM H HARRIS WILLIE B HARRIS ALFONSER HARRISON BRUCE A HARRISON CHRISTOPHER D HARRISON D TRENT HARRISON DANIEL J HARRISON DAVID...

  • Page 79
    ...LARRY L KIMMEL RICK L KIMMEL ROBERT E KIMMEL TRISTEN KIMMEL JEREMY L KIMPEL KEVIN G KIMPEL JOSEPH KIMPSON JR DAVID W KINARD DAVID A KINCAID DAVID N KINCAID GEORGE L KINCAID III MARK KINCAID NATHAN KINCAID JAMES KINDER GARRY KINDSWATER GERALD R KINDT ALAN KING APRIL S KING BRADLEY D KING BRUCE L KING...

  • Page 80
    ... MATTU JOSEPH J MATUSKA TAMMY MARIE MATUSZAK DAVID W MAUCH FREDERICK MAUER JOE MAUGERI GAYLEN C MAUGHAN THOMAS MAUK ARTHUR L MAULDIN RANDY K MAURER RICHARD MAURICE TOBIAS MAURICE TOBIAS MAURICE MYRIAM MAURY DAVID L MAUSEHUND KEVIN A MAVIS ANTHONY D MAXWELL ERIC L MAXWELL GRANT H MAXWELL JAMES TONY...

  • Page 81
    ... JEFFREY S MCSWAIN RUSSELL D MCSWANE SCOT M MCSWANE BOBBY SHANE MCVEAY SCOTT A MCVICKER STACEY MCWHORTER TERRY J MCWHORTER DEBRA MCWILLIAMS RICHARD MCWILLIAMS DAVID MEACHAM RICKY MEAD DAVID W MEADE KEVIN MEADE MICHAEL K MEADE MIKE MEADE JAMES D MEADOR JEFFREY L MEADOR JOE MEADOR PHILLIP G MEADOR...

  • Page 82
    ... M PARE KEVIN PARE RAMON PAREDES CHARLES H PARENT DANIEL S PARENT DAVID F PARENT PHIL PARENT ALAN PARIS RODERICK L PARIS SUSIE PARIS MICHAEL J PARISE BILLY W PARISH JASON PARISH VICKI D PARISH CHARLES PARISIEN RAYMOND PARISIEN SHANE D PARISOT JOE A PARK TERRY B PARK BENJAMIN W PARKER JR BRAD PARKER...

  • Page 83
    ...JR RICKY RAVENELL SHAWN D RAVENELL JASON DANIEL RAWL BRAXTON RAWLINSON KYLLEN RAWLINSON GEOFFREY O RAWLS SABRENA LAURINE RAWLS SCOTT RAWSON CHRISTOPHER J RAY DAVID G RAY DEREK L RAY GEORGE E RAY HAROLD RAY JAMES C RAY II JOSHUA RAY JUDY IRENE RAY KEVIN D RAY MARK RAY ROWAN RAY JR ERIC R RAYBURN GENE...

  • Page 84
    ...DANIEL SCOTT DAVID A SCOTT DAVID E SCOTT SR DAVID J SCOTT DENISE C SCOTT DENNIS SCOTT EDWARD G SCOTT FRAIZER SCOTT JR GARY R SCOTT SR HAROLD G SCOTT HAZEL M SCOTT HORACE SCOTT JR IDA SCOTT JAMES C SCOTT JAMES E SCOTT JESSE L SCOTT JIM A SCOTT JOE C SCOTT JOHN H SCOTT JOHN LEE SCOTT JOHN P SCOTT JOHN...