Steel Mills
Nucor's DiMicco Honored with Lifetime Achievement Award
Written by Sandy Williams
March 29, 2019
Former Nucor Chairman and CEO Dan DiMicco received a Lifetime Achievement Award from the Charlotte Business Journal on Thursday night at the publication’s Most Admired CEO Awards program.
The CEO Awards recognize established local leaders who have a strong vision for their companies, have shown commitment to culture in the workplace and have made significant contributions to the Charlotte community. As the first recipient of a lifetime award from the journal, DiMicco was recognized for his work as Nucor CEO, as well as for work he has done in the community following his retirement.
DiMicco’s community involvement includes starting a local angel investing fund, purchasing the Charlotte Independence soccer team and serving on the host committee for the 2020 Republican National Convention.
“We congratulate Dan on this well-deserved Lifetime Achievement Award. He is an important part of Nucor’s history and the success our company continues to enjoy today. As importantly, he continues in his retirement to work to promote the city of Charlotte and to support and grow new businesses in the community,” said John Ferriola, Chairman, CEO and President of Nucor Corp.
DiMicco led Nucor from September 2000 through the end of 2012, during which time the company saw unprecedented growth. He served as Nucor’s CEO longer than anyone since company founder Ken Iverson. During this time, Nucor completed over 50 acquisitions for a total investment of $6.5 billion. In addition to the company’s record of profitable growth, DiMicco proved himself an effective champion for domestic manufacturing and enforcing rules-based free trade.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Strong growth appetite has Nucor eyeing Big River’s EAF assets
Nucor Corp.’s chief executive didn’t shy away from discussing the company’s interest in potentially acquiring the electric-arc furnace assets of U.S. Steel on Tuesday. An analyst on an earnings conference call asked about Nucor’s appetite for M&A given its strong cash position – $4.1 billion at the end of 2024. Chair, President, and CEO Leon […]
Nucor CEO bullish on Trump tariffs and policy changes ‘in the coming hours and days’
“More needs to be done to ensure that these illegally dumped and subsidized imports do not continue to distort the American market in a road profitability," Nucor's CEO said.
Nucor raw materials segment swings to profitability
Nucor’s raw material segment generated an annual profit of $57 million in 2024. This marked a swing to profit over 2023 when Nucor reported a $14-million loss for the segment. The Charlotte, N.C.-based company did not say in their earnings call on Tuesday what caused this increase besides a 20% increase in the production and […]
Nucor posts lower Q4’24 profit, hints at better times – and more import restrictions – in ’25
Nucor Corp. posted sharply lower fourth quarter earnings on Monday driven in part by lower average selling prices at its steel mills. The Charlotte, N.C.-based steelmaker also warned that first-quarter results might not be much better in commentary released with earnings data. But Nucor said that it expected better times later in 2025. It also hinted at the possibility of ramped up trade restrictions – including more stringent Section 232 tariffs.
Investment firm seeks to oust U.S. Steel leadership
Ancora has nominated nine board members to U.S. Steel's 12-member board and seeks to install Alan Kestenbaum as CEO to replace David Burritt.