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Nucor to suspend production in Carolina mills ahead of hurricane

Sep. 12, 2018 9:13 AM ETNucor Corporation (NUE) StockNUE, GGB, CMC, STLDBy: Carl Surran, SA News Editor
  • Nucor (NYSE:NUE) says it is suspending operations at its Berkeley, S.C., sheet mill and Hertford, N.C., plate mill ahead of the arrival of Hurricane Florence.
  • Berkeley, located near Charleston, is NUE's largest sheet mill with a production capacity of more than 3M st/year, and Hertford has a capacity of nearly 1M st/year of plate.
  • Announcements are expected from Brazil-based Gerdau (NYSE:GGB), which operates mills and scrap processing facilities in North Carolina, Virginia and New Jersey; Commercial Metals (NYSE:CMC), which operates rebar mills and scrap processing facilities in North and South Carolina; and Steel Dynamics (NASDAQ:STLD), which also operates a bar mill in Virginia in addition to scrap processing facilities in the state through its Omnisource subsidiary.

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