SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Specialized Disclosure Report
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
1915 Rexford Road, Charlotte, North Carolina
(Address of principal executive offices)
Michael D. Keller
Vice President and Corporate Controller
(Name and telephone number, including are code, of the person to contact in connection
with this report.)
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form
Section 1 Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure
with Section 1502 of the Dodd-Frank Act, which amends the Securities and Exchange Act of 1934 to add Section 13(p), Nucor Corporation (Nucor or the Company) has completed its assessment process to determine whether
the products it manufactured during the year ended December 31, 2020 contained conflict minerals that were necessary to the functionality or production of the products it manufactured. Please refer to Rule
and Form SD for definitions of the terms used in this disclosure, unless otherwise defined herein.
Company believes that a very small portion of the products it manufactured during the reporting period contained conflict minerals that were necessary to the functionality or production of its products. However, based on its reasonable country of
origin inquiry process, the Company has no reason to believe that the conflict minerals may have originated in covered countries or that they did not come from recycled or scrap sources.
Reasonable Country of Origin Inquiry Process
In order to
determine if any of the Companys manufactured products contain conflict minerals and whether, for each product, those minerals were necessary to the functionality or production of the manufactured product, Nucor developed a scoping process
that utilized the expertise of employees from each of its product groups in its steel mills, steel products and raw materials segments.
For each Nucor
product group, cross-functional teams were established that included purchasing, metallurgy, engineering and finance. These teams (i) completed a scoping document which listed the products the Company manufactured and sold to customers during
2020, (ii) evaluated the raw materials that were contained in each of those products utilizing a decision tree based on interpretive guidance provided by the SEC in its final rule about when a conflict mineral is necessary to the functionality of a
product or when it is necessary to the production of a product and (iii) determined which products contained or potentially contained conflict minerals that were necessary to the functionality or production of the manufactured product. If the
product contained or potentially contained a conflict mineral that was necessary to the functionality or production of the product, then the vendors of that raw material content were identified. All vendors that were identified from the decision
tree scoping process as having the potential to have sold Nucor necessary conflict minerals were then incorporated into its reasonable country of origin inquiry survey process.
Nucor conducted a survey of the vendors identified in the scoping process using the Responsible Minerals Initiative conflict minerals reporting template in
order to determine whether the products sold to us actually contained conflict minerals and, if conflict minerals were present, the country of origin of those conflict minerals. The template was developed by the Responsible Minerals Initiative as a
means to collect vendor sourcing information related to conflict minerals. It includes questions regarding the origin of necessary conflict minerals included in a vendors products or process, the implementation of due diligence measures and
conflict-free policies within the vendors supply chain, and a listing of smelters used by the vendor and its suppliers, among others.
number of the survey responses from the
vendors indicated that conflict minerals may have been present in some portion of the products that the vendor sold to Nucor. All of the vendors whose survey
response included such an indication provided representations regarding the origin of those conflict minerals during the reasonable country of origin inquiry survey process, which included representations that the conflict minerals either did not
originate in covered countries or came from recycled or scrap sources. In addition, the Company does not believe that the representations and information provided by such vendors was not reliable or accurate. Therefore, the Company has no reason to
believe that the conflict minerals which may have been necessary to the functionality or production of its products originated in covered countries or did not come from recycled or scrap sources.
Recycled and Scrap Minerals
Scrap metal and scrap substitutes are the most significant element in Nucors total cost of steel production and the largest raw material input into its
finished steel products such as joist, decking and metal buildings. Scrap metal used by Nucor is sourced from post-industrial or post-consumer scrap, melted in electric arc furnaces and poured into continuous casting systems to produce new steel.
Nucor, through its wholly owned subsidiary The David J. Joseph Company and its affiliates, operates scrap recycling facilities and brokerage operations across the United States that serve as the primary source of scrap metal for Nucors steel
mills. While such scrap metal may incidentally contain conflict minerals, they are not necessary to the functionality or production of the products manufactured utilizing the scrap. Further, we believe that the scrap meets the definition of
recycled and scrap sources under item IIE4ci of the final rule and is therefore exempt from further due diligence processes.
A copy of this conflict minerals disclosure is also available in the Investor Relations section, SEC Filings
subsection, of the Companys website at www.nucor.com.
Pursuant to the requirements of the Securities Exchange Act of 1934, Nucor Corporation has duly caused this report to be signed on its behalf by the duly
Michael D. Keller
Vice President and Corporate Controller
Dated: May 28, 2021
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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