Nucor at a Crossroads On December 7‚ 1986‚ F. Kenneth Iverson‚ chairman and chief executive officer (CEO) of Nucor Corporation‚ awaited a delegation from SMS . Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thin-slab casting technology developed by SMS. Preliminary estimates indicated that the mill would cost $280‚ and that start-up expenses and working capital of $30 million each would push the total cost to $340 million. Successful commercialization
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Bar mill‚ Wire mill‚ hot strip mill and Cold rolling mill to produce various products- long product and flat product. There are three major steps/processes involved in steel making: - 1) Primary steelmaking which involves desulphurization‚ decarburization and de-phosphorization 2) Secondary Steelmaking involving on-line purging of oxygen and processing in Ladle furnace and 3) Continuous casting. All these processes demand specific refractory properties of the containers where various refractories
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general‚ water is used in steelmaking as a: coolant for equipment‚ furnaces‚ and intermediate steel shapes; cleansing agent to remove scale from steel products; source of steam; medium for lubricating oils and cleaning solutions; and wet scrubber fluid for air pollution control. The type of steel being manufactured‚ its shape‚ and the efficiency of the equipment used to produce it all factor into steelmaking water requirements. Depending on the above variables‚ steelmaking water demands may vary
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Geotechnical Engineering Limited for the Steelmaking Slag Technical Committee‚ April‚ 1993. Noureldin‚ A. S.‚ and R. S. McDaniel. "Evaluation of Steel Slag Asphalt Surface Mixtures‚" Presented at Transportation Research Board 69th Annual Meeting‚ Washington‚ DC‚ January‚ 1990. American Iron and Steel Institute. (2013). Steelworks. The Basic Oxygen Steelmaking (BOS) Process. http://www.steel.org/Making Steel/How Its Made/Processes/Processes Info/The Basic Oxygen Steelmaking Process.aspx BlueScope Steel Chase
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Rev. January 20‚ 1998 DO Nucor at a Crossroads On December 7‚ 1986‚ F. Kenneth Iverson‚ chairman and chief executive officer (CEO) of Nucor Corporation‚ awaited a delegation from SMS Schloemann-Siemag‚ a leading West German supplier of steelmaking equipment‚ at his company’s headquarters in Charlotte‚ North Carolina. Iverson had to decide whether to commit Nucor to a new steel mill that would commercialize thinslab casting technology developed by SMS. Preliminary estimates indicated that
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to be able to avert bankruptcy is to exit the nuclear instrument and electronics business and rebuild the company around its subsidiary‚ Vulcraft‚ which is engaged in steel joist business. After its integration‚ it has expanded its operation in steelmaking seeing opportunities on newly emerging technology to produce steel more cheaply. At the turn of the century‚ Nucor was the second largest steel producer in the U.S and charging to overtake long time leader US steel. Nucor’s sales exceeded 11 million
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through continued modernization and rationalization. In recent years‚ POSCO has developed proprietary manufacturing technology that combines the FINEX‚ a low cost‚ environmentally friendly steel manufacturing process with an advanced basic oxygen steelmaking process that optimizes their production capacity‚ enables them to manufacture products at a highly competitive cost structure with lower carbon dioxide emission. Diversify into Production of Comprehensive Materials‚ including Lithium‚ Silicon
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Project TATA CORUS MERGER A report submitted to ISB&M‚ Delhi Campus as a part fulfillment of Full time Postgraduate Program in Business Management. Abhishek Kumar ENR NO.: 1101 Batch: 2005-2007 E-mail: abhi.k.chaudhary@gmail.com International School of Business & Media‚ Delhi 7th Floor‚ Aggarwal Millennium Tower Netaji Subhash Place‚ Wazirpur District Centre‚ Pitampura‚ Delhi 110 034 Index |Serial No. |Topic
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Question 1 Consider the company’s operations during the years from 1975 to 1979‚ and answer the following questions: a. How has the above complex approach actually worked‚ over these four years? What was the outlook (as of the case date) for further progress in this matter? In 1975 Chaparral Steel commissioned minimill and started production. Minimills are different from traditional integrated steel plants. In minimill an Electric Arc Furnace (EAF) is used for steel making purpose and in downstream
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Analysis of Tata Steel Tata Steel‚ established in 1907‚ is one of the world’s most geographically diversified steel producers‚ with operations in 26 countries and commercial offices in over 35 countries. Tata Steel‚ part of the Tata group‚ based in Mumbai‚ has exploits in various categories including tea‚ automobiles‚ communications‚ power and salt. It is estimated that the Tata Steel group produces 31million tonnes of Steel per year. Tata steel is the second largest steel producer in Europe
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