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Oct. 7, 2013 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced that The Steel Manufacturers Association (SMA) presented Nucor's Executive Chairman
Dan DiMicco with its Iverson-Selig award, recognizing his outstanding contributions to the minimill steel industry. The award is named after Nucor's founder
Ken Iverson and
Marvin Selig, founder of CMC Steel, who were two pioneers in establishing steel minimills in the U.S. The award was presented at a ceremony in
October 1, 2013.
"Dan's contributions to the success of Nucor and his impact on the entire steel industry cannot be overstated," said
John Ferriola, CEO and President of Nucor and Chairman of the SMA. "Dan has been a strong voice for our industry and for the entire manufacturing sector."
DiMicco served as CEO of Nucor from
September 2000 through December 2012. Under his leadership, Nucor's total shareholder return growth of 720% was almost four times greater than the total return of the Standard & Poor's Steel Group Index and was twenty-eight times greater than the S&P 500's total return.
"Dan has built upon the legacy of
Kenneth Iverson and
Marvin Selig. Their collective efforts have helped our nation emerge as one of the most competitive places in the world to make steel, and have allowed our companies to provide high-paying, safe manufacturing jobs to skilled Americans," said Ferriola.
Upon on receiving the award, Dan recognized and thanked his Nucor teammates and placed all of the credit for his success squarely in their hands.
SMA member companies account for over seventy-five percent of total U.S. steel capacity and utilize a feedstock almost entirely composed of recycled scrap metal to produce new steel.