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Essay

Business in Nucor

Essay specific features

 

Issue:

Business

 

Written by:

Clara B

 

Date added:

February 26, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1482

 

Was viewed:

6195 times

 

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Essay content:

Recently, however, the control of the organization has been brought into question. The recent announcement of a joint venture between Nucor and U.S. Steel to develop, test, and bring on line a new method for turning iron ore into steel added to the concern over the ability of company management to maintain the entrepreneurial spirit for which the company is famous...
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Its profits of $123 million have made it one of the most efficient firms in the steel industry. Nucor achieved that position by focusing on the manufacturing segment known as mini-mills - the relatively small, electrically-powered mills that melt down scrap steel to manufacture products. This process saves on costly labor, raw materials, and the capital-intensive machinery necessary to produce steel from iron ore...
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