Nucor Foundation Reaches $52 Million Milestone in Support of Education

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Jan 19, 2010, 09:00 ET

CHARLOTTE, N.C., Jan. 19 /PRNewswire-FirstCall/ -- Nucor Corporation (NYSE: NUE) announced that the Nucor Foundation has awarded over $52 million in scholarships to 10,500 students at more than 1,300 colleges since its inception in 1974, of which $31 million has been awarded in the last ten years. The Nucor Foundation had a record year for its support of education in 2009, awarding $4.4 million in scholarships to nearly 2,000 students.

"We are very proud of the financial support we have provided to students over the last 36 years," said Dan DiMicco, Nucor Chairman, President and CEO. "We look forward to continuing to support our nation's students, particularly during these difficult economic times. A well-educated workforce is a vital component of our economic recovery."

Supporting education is a central focus of the Nucor Foundation. Nucor believes that further economic and social progress in our country is built upon the education of our citizens. The awarding of scholarships is a way to encourage personal, as well as national and community, development.

The Nucor Foundation has several different scholarship programs that benefit all children of Nucor employees and students pursuing degrees in engineering and metallurgy from communities where the company operates.

Headquartered in Charlotte, N.C., Nucor and 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 joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Company, one of the leading scrap companies in the U.S., 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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