Ken Iverson - The Legend of Nucor
Nucor grew in a single generation from a failing
nuclear instruments company to one of the nation’s most
admired and imitated corporations. In an industry where a large portion of the work force was unionized,
Iverson built Nucor with an entirely non-union workforce, rewarding
his workers through generous production bonuses. In an industry
in which nearly all steel was made in huge, capital-intensive
blast-furnace factories, Iverson decided to have Nucor manufacture
steel entirely from relatively small factories using recycled
steel scrap. Thus, Nucor sparked the boom in "mini-mills,"
which now produce more than half of all steel made in the United
States. Nucor, meanwhile, has grown to the largest steelmaker
(measured by tons) in the United States and the largest individual
recycler of any material.
"All of us at Nucor are a product of his vision"
Daniel R. DiMicco, Nucor Executive Chairman (ret.)
"The best thing we can do is to continue following
Ken Iverson's legacy to the steel industry will endure for generations
Read more about Ken's accomplishments from the Hall of Fame Inaugural Class for the American Metal Market.