CHARLOTTE, N.C., Oct. 14, 2016 /PRNewswire/ -- Nucor Corporation
(NYSE: NUE) announced today that John
Ferriola, its Chairman, CEO and President, was elected
Chairman of the Board of Directors of the World Steel Association
(worldsteel) at the organization's 50th Annual Conference in
Dubai, United Arab Emirates.
Ferriola will serve as Chairman for a one-year term.
"I am honored to be selected by my peers to chair the worldsteel
Board of Directors. The appointment is recognition of the work
our teammates have done in building Nucor's reputation as a world
class producer of steel and steel products," said Ferriola. "One of
the big challenges I plan to focus on during my tenure is the
looming shortage of skilled workers in the manufacturing sector.
Manufacturers globally are facing a shortage of nearly 85 million
skilled workers in the next five years. I believe worldsteel has an
important role to play in providing resources for the education,
training and recruitment of the talented people the steel industry
needs in the decades to come. Worldsteel will also continue
to work with international agencies such as the Organization for
Economic Cooperation and Development and the G-20 to address the
greatest challenge facing the steel industry – global steel
production overcapacity."
Ferriola has served as Vice Chairman of the worldsteel Board of
Directors, as a member of the Executive Committee and as Chairman
of the Education and Training Committee.
He also currently serves as Chairman of the Board of Directors
of the American Iron & Steel Institute, is on the Board of
Directors of the National Association of Manufacturers and has been
active in the Association for Iron and Steel Technology for more
than 30 years.
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