I've owned Nucor since 2015, so I think Warren Buffett is late to the game here. But that doesn't change the attractiveness of Nucor's business.
I added Nucor ( NUE 0.16% ) to my portfolio in September 2015. Roughly a decade later, Warren Buffett's Berkshire Hathaway ( BRK.A -0.47% ) ( BRK.B -0.45% ) decided to buy the stock, too. I'd love to suggest that Buffett was just following my lead, but that's an obvious joke. However, I am fairly certain Buffett and his team bought the stock for the same basic reason that I did.
Here's why you might want to buy this giant U.S. steelmaker, too.
What does Nucor do?
Nucor makes steel, as noted in the introduction. But that isn't the whole picture, because there are two general ways to produce steel. The old way is to use bla