Nucor Corporation(NUE)- NYSE
  • Sep. 15, 2014, 8:49 AM
    • Nucor (NYSE:NUE) agrees to acquire the Gallatin Steel business from ArcelorMittal (NYSE:MT) and Gerdau (NYSE:GGB) for ~$770M.
    • NUE says adding the Gallatin flat-rolled products mill in Kentucky, with an annual capacity of ~1.8M tons, will broaden its footprint in the U.S. midwest and will increase its total flat-rolled product annual capacity by 16% to ~13M tons.
    • NUE expects the deal to be immediately accretive to cash flow and accretive to earnings after working through purchase accounting-valued finished goods inventories.
    • MT and GGB each owned 50% interests in Gallatin.
    • NUE +0.9%, MT -0.5% premarket.
    | Sep. 15, 2014, 8:49 AM
  • Oct. 2, 2012, 4:52 AM

    ThyssenKrupp (TYEKF.PK) is considering selling its two-year old $5B high-tech steel plant in Alabama and its $6.8B facility in Brazil after a strategy to transport slabs from the latter facility for processing into high-grade sheets in the U.S. factory led to massive losses. Those officially or unofficially interested in the Alabama plant include Nucor (NUE), U.S. Steel (X) and ArcelorMittal (MT).

    | Oct. 2, 2012, 4:52 AM | 1 Comment
  • May 18, 2012, 1:17 AM

    Nucor (NUE) announced late yesterday it will acquire the membership interests of Skyline Steel LLC and its subsidiaries from ArcelorMittal (MT) for ~$605M. Skyline had been a distributor of Nucor's piling products for more than two decades.

    | May 18, 2012, 1:17 AM
Company Description
Nucor Corp. engages in the manufacture of steel and steel products. It operates through the following segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes sheet, plate, structural, and bar steel. The Steel Products segment includes steel... More
Industry: Steel & Iron
Country: United States