The company has recently emphasized the need for decentralized management. Additionally, the company evaluates its employees based on performance or quality and not seniority. Additionally, the company has adopted lean management that puts customers' needs first. Finally, the company's employees have job security and are motivated, hence the high productivity within the company. Steel industry companies can borrow from NUCOR Corporation. By pursuing rapid growth strategies and expanding production capabilities, companies can ensure low-cost production by adopting a pay strategy based on employee quality, not seniority. In the long run, these strategies can increase profitability and strengthen the market share of any company. For example, at a time when demand for steel was at an all-time low, NUCOR managed to stay afloat by posting high profits that date back twelve years and being the steel market leader in the United States. In the future, as a learning for emerging companies in the industry, diversification into other markets, for example in Europe and Asia, will be important to further maintain their grip on the market and avoid any external threats to the market.