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Nucor Corporation  (NUE)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials

Nucor's

Competitiveness


 

NUE Sales vs. its Competitors Q3 2021



Comparing the results to its competitors, Nucor reported Total Revenue increase in the 3 quarter 2021 by 109.28 % year on year.
The sales growth was above Nucor's competitors average revenue growth of 91.52 %, recorded in the same quarter.

List of NUE Competitors

With net margin of 21.56 % company achieved higher profitability than its competitors.

More on NUE Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Nucor Corporation Net Income in the 3 quarter 2021 grew year on year by 898.64 %, slower than its competitors income growth of 918.85 %

<<  More on NUE Income Comparisons


Nucor's Comment on Competitors and Industry Peers


We compete in a variety of steel and metal markets, including markets for finished steel products, unfinished steel products and raw materials. These markets are highly competitive with many domestic and foreign firms participating, and, as a result of this highly competitive environment, we find that we primarily compete on price and service.
Our electric arc furnace steel mills face many different forms of competition, including integrated steel producers (who use iron ore converted into liquid form in a blast furnace as their basic raw material instead of scrap steel), other electric arc furnace mills, foreign imports and alternative materials. Large integrated steel producers have the ability to manufacture a wide variety of products but face significantly higher energy costs and are often burdened with higher capital and fixed operating costs. Electric arc furnace mill producers such as Nucor are sensitive to increases in scrap prices but tend to have lower capital and fixed operating costs compared with integrated steel producers.

Competition from foreign steel and steel product producers presents unique challenges for us. Imported steel and steel products often benefit from government subsidies, either directly or indirectly through government-owned enterprises or government-owned or controlled financial institutions. In particular, competition from steel imported from China, which accounts for more than 45% of the steel produced annually in the world, is a major challenge. We believe that Chinese producers, many of whom are government-owned in whole or in part, benefit from their government’s manipulation of foreign currency exchange rates and from the receipt of government subsidies, which allow them to sell their products below cost. These distorting trade practices are widely recognized as being unfair and have been challenged successfully as violating world trade rules. Examples of successful challenges include the imposition of antidumping duty orders on imports of line pipe, oil country tubular goods, rebar, cut-to-length plate and hot-rolled sheet from China.

China’s aggressive trade practices, left unchallenged, seriously undermine the ability of Nucor and other domestic producers to compete on price. China’s artificially lowered production costs have significantly contributed to the exodus of manufacturing jobs from the United States. When such an exodus occurs, the U.S. economy is weakened and Nucor’s customer base is diminished. Rigorous trade law enforcement is critical to our ability to maintain our competitive position against foreign producers that engage in unlawful trade practices. Nucor has been active in calling on policymakers to enforce global trade agreements and address the jobs crisis in the United States.

We also experience competition from other materials. Depending on our customers’ end use of our products, there are sometimes other materials, such as concrete, aluminum, plastics, composites and wood that compete with our steel products. When the price of steel relative to other raw materials rises, these alternatives become more attractive to our customers.
Competition in our scrap and raw materials business is also vigorous. The scrap metals market consists of many firms and is highly fragmented. Firms typically compete on price and geographic proximity to the sources of scrap metal.





  

Overall company Market Share Q3 2021

Due to outstanding performance in Overall company, revenue grew by 109.28 % Nucor Corporation improved its market share, to approximate 20.34 %.





<<  More on NUE Market Share.
 

*Market share calculated with total revenue.


NUE's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Nucor Corporation 31,380 33,186 5,208 23,600
Alcoa Corp 11,204 9,181 956 61,000
Allegheny Technologies Incorporated 2,693 2,109 -1,108 9,700
United States Steel Corp 17,215 6,971 3,154 34,680
Worthington Industries Inc 3,304 2,686 764 10,500
Ak Steel Holding Corporation 6,359 111 63 8,000
Cleveland cliffs Inc 17,354 11,942 2,208 5,386
Rowan Companies Plc 1,120 1,379 -50 4,051
Steel Dynamics Inc 15,429 12,967 2,255 7,780
Century Aluminum Company 1,754 1,257 -43 1,778
Novelis Inc 14,846 0 830 11,970
Remitly Global Inc 0 805 0 0
Arconic Corporation 6,828 2,983 -441 0
Commercial Metals Company 6,730 4,040 413 8,388
Insteel Industries Inc 591 875 67 848
Timkensteel Corporation 1,156 812 101 2,600
Adamant Dri Processing And Minerals Group 0 1 25 25
Aleris Corporation 3,376 0 -12 5,400
Applied Minerals Inc 1 3 -4 32
Cd International Enterprises, Inc. 0 0 10 8
Dynaresource Inc 30 26 6 99
Mesabi Trust 60 322 57 1
Mcewen Mining Inc 129 473 -59 293
Scandium International Mining Corp. 0 0 -3 6
Searchlight Minerals Corp. 0 0 0 11
Texas Mineral Resources Corp 0 0 -2 3
Solitario Zinc Corp 0 29 -2 5
Azz Inc 869 1,325 101 3,538
Dmc Global Inc 245 694 2 428
Global Brass & Copper Holdings, Inc. 1,724 968 61 1,857
A M Castle and Co 366 321 -41 0
Industrial Services Of America Inc 55 9 -4 74
Kaiser Aluminum Corporation 2,088 1,514 -14 2,760
Mueller Industries Inc 3,489 3,233 386 4,244
Materion Corporation 1,453 1,809 58 2,550
Schnitzer Steel Industries Inc 2,759 1,558 170 2,818
Reliance Steel and Aluminum Co 12,239 10,180 1,126 14,500
Ryerson Holding Corporation 4,994 1,034 172 3,000
Olympic Steel Inc 2,019 257 98 1,660
Viavi Solutions Inc 1,241 3,501 -5 3,500
Arcelormittal 53,270 31,772 -578 0
SUBTOTAL 228,368 150,334 15,926 237,093


       
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