CHARLOTTE, N.C., May 17, 2016 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced that the Association for Iron & Steel Technology (AIST) presented Nucor's Chairman, Chief Executive Officer and President, John Ferriola, with its Steelmaker of the Year award, recognizing his outstanding contributions to the steel industry. The award is given annually to recognize a steel industry leader who has had a significant impact on the global steel business. The award was presented at the President's Award Breakfast, one of the signature events of AISTech, in Pittsburgh on May 17, 2016.
Since the inception of the award in 1991, Ferriola is only the second industry leader to receive this honor twice. He was also named Steelmaker of the Year in 2009.
"John has successfully guided Nucor through tremendously challenging times for the steel industry," said Ron Ashburn, Executive Director of AIST. "Under his leadership, the company has continued to grow and expand into new product areas."
Ferriola has served as CEO and President of Nucor since 2013 and as Chairman since 2014. Under Ferriola's leadership, Nucor has continued to grow as the nation's largest steel producer and North America's largest recycler. Despite the market turmoil and imports capturing record market share in the United States, Nucor has continued to generate profits. Ferriola has also aggressively fought back against unfairly traded imports flooding the U.S. market.
"John's contributions go beyond Nucor as a voice for the entire industry, articulating to policymakers the problem of unfair trade that is plaguing the U.S. market and advocating for the strengthening of U.S. trade laws and their enforcement," said Ashburn.
AIST is an international technical association of more than 18,000 professional and student members, representing iron and steel producers, their allied suppliers and related academia. The association is dedicated to advancing the technical development, production, processing and application of iron and steel.
Nucor and its affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel – in bars, beams, sheet and plate; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
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SOURCE Nucor Corporation