2009 ANNUAL MEETING OF STOCKHOLDERS

Forward-Looking Statements
Certain statements made in this presentation are forward-looking statements that involve risks and uncertainties. These forward-looking statements reflect the Companys best judgment based on current information, and although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the results and expectations discussed herein. Factors that might cause the Companys actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) the sensitivity of the results of our operations to volatility in steel prices and the changes in the supply and cost of raw materials, including scrap steel; (2) availability and cost of electricity and natural gas; (3) market demand for steel products, which, in the case of many of our products, is driven by the level of non-residential construction activity in the U.S.; (4) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (5) uncertainties surrounding the global economy, including the severe economic downturn in construction markets and excess world capacity for steel production; (6) fluctuations in currency conversion rates; (7) U.S. and foreign trade policy affecting steel imports or exports; (8) significant changes in government regulations affecting environmental compliance; (9) the cyclical nature of the domestic steel industry; (10) capital investments and their impact on our performance; and (11) our safety performance. The following discussion should be read in conjunction with the audited consolidated financial statements and Managements Discussion and Analysis of Financial Condition and Results of Operations contained in Nucors Annual Report on Form 10-K for the year ended December 31, 2008.

LONG-TERM PROFITABLE GROWTH

Net Income 2000-2008 (millions of dollars)
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2000
3

2001

2002

2003

2004

2005

2006

2007

2008

Nucors Industry Leading Profitability

2004-2008 Return On Equity (average annual ROE %)

35 30 25 20 15 10 5 0

32.2% 26.8% 21.1%

32.5%

33.6%

Gerdau Ameristeel
4

Commercial Metals

U.S. Steel

Steel Dynamics

NUCOR

Nucors Industry Leading Profitability With Industry Lowest Leverage

2008 Yearend Debt-To-Capital Ratios

61.9%
60

51.1%
50 40 30 20 10 0

44.7% 39.0% 28.3%

Steel Dynamics

Gerdau Ameristeel

Commercial Metals

U.S. Steel

NUCOR

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AISI Weekly U.S. Steel Mills Capacity Utilization

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

JOB LOSSES IN U.S. RECESSIONS

Job Losses In U.S. Recessions
8000
Job Losses From Peak Month (in thousands)

6000 4000 2000 0 1 -2000 -4000 -6000 -8000 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39

Months After Peak Job Month

Current Recession 2001 Recession 1990 Recession 1981 Recession 1974 Recession

Nucor Q1-2009 Results

Reported Q1-2009 net loss of $190 million versus yearago record first quarter net income of $410 million Steel shipments of 2.8 million tons declined 53% from Q12008 steel shipments. Steel mill capacity utilization rate of 45% less than half of last years utilization rate of 92%

Results also carried significant burden from consuming higher cost pig iron and scrap purchased prior to Q4-2008 collapse in iron units pricing
Q2-2009 results will also be negatively impacted by low operating rates, lower pricing, and consumption of high cost iron units. Have decided to consume the high cost raw materials as rapidly as production rates will allow. Q2-2009 loss expected to be greater than Q1-2009 loss.
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Nucors History: Using DOWNTURNS As Opportunities To GROW STRONGER

Nucors Financial Strength Nucors Cost Structure Nucors Product Diversification Nucors Highly Flexible Production Capabilities Nucors People THE RIGHT PEOPLE
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Financial Strength
Strong Balance Sheet: Debt of $3.1 billion and = 28% of total
capital; Weighted average coupon rate on our fixed-rate debt = 5.7%; Next debt maturity not until 2012 (after retiring $5 million industrial revenue bond in August 2009); $2.2 billion of our debt matures in 2017 & beyond; No borrowings under $1.3 billion unsecured credit facility; Cash & short-term investments of $1.9 billion at close of Q1-2009

Conservative Financial Practices: Financial reporting in plain

language & easy to understand format

Simple Capital Structure and no off-balance sheet financing

arrangements

No Pension Liability

Highest North American Metals / Mining Credit Ratings.

Superior Financial Flexibility flexibility not limited by restrictive
debt covenants
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U.S. Steel Companies Credit Default Spreads

1,600

1,400

1,200

1,000

Basis Point Spread

800

600

400

200

0 Jan-08 Feb-08 Mar-08 ARCELORMITTAL NUCOR CORP Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09

AK STEEL HOLDING CORP STEEL DYNAMICS INC

COMMERCIAL METALS UNITED STATES STEEL CORP

GERDAU AMERISTEEL CORP

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13
1000 100 200 300 400 500 600 700 800 900
N

Variable Cost Structure

AMM Shredded - Chicago AMM #1 Busheling - Chicago

ov -0 7 D ec -0 7 Ja n08 Fe b08 M ar -0 8 A pr -0 8 M ay -0 8 Ju n08 Ju l-0 8 A ug -0 8 Se p08 O ct -0 8 N ov -0 8 D ec -0 8 Ja n09 Fe b09 M ar -0 9 A pr -0 9

Diversified Product Mix

2008 Sales Tons
Nucor is North Americas Most Diversified Steel Producer
Sheet - 30% Bars - 21% Structural - 11% Plate - 10% Downstream Products - 14% Raw M aterials - 14%

PRODUCT DIVERSIFICATION REDUCES EARNINGS VOLATILITY!!!

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Nucors Highly Flexible Production

Highly flexible production process utilizing electric arc furnaces and highly productive labor allow Nucor to almost instantaneously adjust output to match market demand
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Our People Our Biggest Competitive Advantage

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LONG-TERM PROFITABLE GROWTH

Net Income 2000-2008 (millions of dollars)
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2000
17

2001

2002

2003

2004

2005

2006

2007

2008

LONG-TERM PROFITABLE GROWTH

Net Income 1966-2008 (millions of dollars)
2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0

18

19 66 19 68 19 70 19 72 19 74 19 76 19 78 19 80 19 82 19 84 19 86 19 88 19 90 19 92 19 94 19 96 19 98 20 00 20 02 20 04 20 06 20 08