Nucor 2015 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2015 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.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

15
STEEL PRODUCTS SEGMENT
REINFORCING PRODUCTS Harris Steel fabricates, installs and
distributes rebar for highways, bridges and other infrastructure, as well as
commercial and multi-tenant residential construction markets.
OPERATIONS
Harris Steel operates as a subsidiary of Nucor, fabricating, installing and distributing rebar in the United States and Canada. Harris
Steel has been a significant growth platform for Nucor in the rebar fabrication business. Since the acquisition of Harris Steel in 2007,
Nucor’s total rebar fabrication capacity has more than doubled to over 1,700,000 tons.
In 2015, fabricated rebar sales were 1,190,000 tons, which is a slight increase from 1,185,000 tons in 2014.
MARKETS AND MARKETING
Reinforcing products are essential to concrete construction. They supply tensile strength, as well as additional compressive strength,
and protect the concrete from cracking. Harris Steel bids on and executes a wide variety of construction work primarily classified as
infrastructure, including highways, bridges, reservoirs, utilities, hospitals, schools, airports and stadiums. Harris Steel is also active
in commercial office building and multi-tenant residential (high-rise) construction. In many markets, Harris Steel sells reinforcing
products on an installed basis; i.e., Harris Steel fabricates the reinforcing products for a specific application and performs installation.
Harris Steel operates over 70 fabrication facilities across the United States and Canada, with each facility serving a local market.
Domestic construction markets have stabilized during the past few years but remain well below historical peak levels.
STEEL MESH, GRATING AND FASTENERS Nucor manufactures wire
products, grating and industrial fasteners.
STEEL MESH
Nucor produces mesh at Nucor Steel Connecticut, Inc., and Nucor Wire Products Utah, Inc. Nucor also produces mesh in Canada
at the Harris Steel operations of Laurel and Laurel-LEC. The combined annual production capacity of the steel mesh facilities is
approximately 128,000 tons.
GRATING
Our grating business, which operates under the brand name Nucor Grating in the United States and Fisher & Ludlow in Canada,
fabricates steel and aluminum bar grating and safety grating products at facilities located in North America. Nucor Grating and
Fisher & Ludlow serve the new construction and maintenance-related markets with an annual production capacity of approximately
100,000 tons.
FASTENERS
Nucor Fastener’s bolt-making facility in Indiana produces carbon and alloy steel hex head cap screws, hex bolts, structural bolts, nuts and
washers, finished hex nuts and custom-engineered fasteners. Nucor fasteners are used in a broad range of markets, including demanding
automotive, machine tool, farm implement, construction and military applications. Annual capacity is approximately 75,000 tons.
Images (clockwise from top left) A teammate examines components for a metal building being produced at Nucor Building Systems South Carolina. Harris Steel’s fabricated rebar creates the
support towers for Tilikum Crossing bridge project in Portland, Oregon. Fabricated rebar is placed in the foundation of a subway tunnel entrance in Toronto, Ontario, Canada. Vulcraft Indiana joists
support the roof of a community aquatic center in Skokie, Illinois.