News Release:

Nucor Recommends Stockholders Reject Mini-Tender Offer by TRC Capital Corporation

CHARLOTTE, N.C., Nov. 1, 2018 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced that it has received notice of an unsolicited mini-tender offer by TRC Capital Corporation for the purchase of up to 2 million shares of Nucor common stock at a price of $53.75 per share, which is below the current market price.

Nucor does not endorse TRC Capital's offer.  Furthermore, Nucor recommends that stockholders reject the offer and not tender their shares in response because the offer is at a price below the current market price for Nucor shares and is subject to many conditions. TRC Capital's offer price is approximately 4.2% below the closing share price of Nucor common stock ($56.13) on October 26, 2018, the last trading day prior to the date the offer commenced. The offer is for approximately 0.6% of Nucor's outstanding shares.

TRC Capital's offer states that it may terminate or amend the offer if, among other things, the market price of Nucor's common stock declines or if TRC Capital fails to obtain financing necessary.

Nucor is not associated with TRC Capital, its offer or the mini-tender offer documentation.

Nucor encourages investors to obtain current market quotations for their shares of common stock, to consult with their broker or financial adviser, and to exercise caution with respect to TRC Capital's offer. Nucor stockholders who have already tendered their shares may withdraw their tender by providing notice in the manner described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled at 12:01 a.m. New York City time on November 28, 2018.

TRC Capital has made similar below-market mini-tender offers for shares of many other public companies. The Securities and Exchange Commission (SEC), which has cautioned investors about these offers, offers tips for investors regarding mini-tender offers at

Nucor requests that a copy of this release be included with all distributions of materials relating to TRC Capital's mini-tender offer for shares of Nucor's common stock.

About Nucor
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; hollow structural section tubing; electrical conduit; 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

For Investor/Analyst Inquiries: Paul Donnelly 704-264-8807, Gregg Lucas 704-972-1841, For Media Inquiries: Katherine Miller 704-353-9015, Nucor Executive Offices, +1-704-366-7000, or Fax, +1-704-362-4208