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Nucor Corporation started as an automotive manufacturing company and later transitioned to steel production using recycled scrap metal. Under the leadership of Ken Iverson in the 1960s, the company consolidated around steel manufacturing and fabrication. By 1998, Nucor had become the second largest steel maker in the US. The company decentralized decision making, gave plant managers autonomy, used modern equipment and technology, and remained non-union, helping it grow at 17% annually. Nucor rewarded employ

Author

Karan Veer Singh

Language

EN