The company has recently highlighted the need for decentralized management. Additionally, the company evaluates its employees based on their performance or quality and not based on their seniority. Additionally, the company has employed Lean management that prioritizes customer needs. Finally, the company's employees have job security and are motivated, hence the high productivity within the company. Companies in the steel industry can borrow from NUCOR Corporation. By pursuing rapid growth strategies and expanding production capabilities, companies can ensure low-cost production by adopting a payment strategy based on employee quality and not seniority. In the long run, these strategies can improve 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 recording high profits going back twelve years and being a leader in the steel market in the United States. In the future, as a learning for emerging companies in the industry, diversification to other markets, for example, Europe and Asia, is important to gain better control over the market and avoid any external threats to the market.