Issues Face by Nucor

Issues face by NUCOR

Environmental and Political Issues

Nucor's mill in Crawfordsville was cited by the Environmental Protection Agency for alleged violations of federal and state clean-air rules. The Pamlico Tar River Foundation, the North Carolina Coastal Federation, and the Environmental Defense Fund had concerns about the state's decision to allow the company to start building the plant before the environmental reviews were completed. Moreover, there were other concerns about the fast-track approval of the facility being built in Hertford Country. This plant was to be located on the banks of one of the most important and sensitive stretches of the Chowan, a principal tributary to the Albemarle Sound and the last bastion of the state's once-vibrant river-herring fishery.

Another issue regarded the excessive incentives the state of North Carolina gave Nucor to build a $300 million steel mill there. Some questioned whether the promise of 300 well-paying jobs in Hertford Country was worth the $155 million in tax breaks the state was giving Nucor.

In 1982, Nucor's sales had fallen by 11% and earnings by 37%. Hence, Nucor had been forced to cut wages of its top 12 executives by 5%.

ues face by NUCOR

Environmental and Political Issues

Nucor's mill in Crawfordsville was cited by the Environmental Protection Agency for alleged violations of federal and state clean-air rules. The Pamlico Tar River Foundation, the North Carolina Coastal Federation, and the Environmental Defense Fund had concerns about the state's decision to allow the company to start building the plant before the environmental reviews were completed. Moreover, there were other concerns about the fast-track approval of the facility being built in Hertford Country. This plant was to be located on the banks of one of the most important and sensitive stretches of the Chowan, a principal tributary to the Albemarle Sound and the last bastion of the state's once-vibrant river-herring fishery.

Another issue regarded the excessive incentives the state of North Carolina gave Nucor to build a $300 million steel mill there. Some questioned whether the promise of 300 well-paying jobs in Hertford Country was worth the $155 million in tax breaks the state was giving Nucor.

In 1982, Nucor's sales had fallen by 11% and earnings by 37%. Hence, Nucor had been forced to cut wages of its top 12 executives by 5%.

...