Tim Biggam, TradingBlock (October 4, 2011, 3:05pm CDT) Nucor Corporation (ticker: NUE ) and its affiliates manufacture steel and steel products. Nucor also produces direct-reduced iron ( DRI ) for use in the Company's steel mills. It operates in three segments: steel mills, steel products, and raw materials. The stock has dropped nearly 30% this year, with NUE currently trading near the March 2009 lows. Implied volatilities are also at extreme levels, which in the past have portended market bottoms. With $7.21 in cash per share, and $1.5 billion in cash flow, the balance sheet is rock solid. Indeed, cash per share is almost 25% of the market cap, a nice cushion for value investors. Nucor has expanded its debt load recently to take advantage of record low interest rates. Technically, the shares held support at the 30 level, confirming an oversold 14 day RSI reading.