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The minimill, which has grown into the second-biggest U.S. steelmaker, fired its highly respected chief executive, John Correnti, 52.
FORBES: Iron Wills
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In 1967 he acquired a minimill in So Paulo and over the next decade added more minimills throughout Brazil.
FORBES: Keeping It In The Family
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Minimill operators such as Nucor, built on modern, flexible, non-unionised labour, have another quarter, and continue to take market share.
ECONOMIST: Lessons from the death of LTV
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The U.S. integrated steel business is dirty, cyclical and always under siege from foreign producers and nimble, low-cost U.S. minimill operators like Nucor Corp.
FORBES: Man of steel
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He had built North Star Steel, a division of privately held Cargill, into the second-biggest minimill operator behind Nucor Corp. (a minimill starts with scrap rather than ore).
FORBES: Iron Wills
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He is the founder and chief executive of Steel Dynamics (nasdaq: STLD - news - people ) (38, STLD) , which is a smaller version (4.7 million tons a year) of Nucor, a low-cost minimill operator.
FORBES: Takeover Targets