Steel News

SMS Demag to Provide 2nd X-Melt LF for Nucor Steel Tuscaloosa

04 April 2008 - SMS Demag will supply an X-Melt ladle furnace and automation package for Nucor Steel Tuscaloosa, as well as a complete X-Melt meltshop for A. Finkl & Sons.

Nucor Completes Acquisition of Galamba Metals Group, MRS

03 April 2008 - Nucor’s wholly owned subsidiary, The David J. Joseph Co., completes the acquisition of Kansas City, Mo., based Galamba Metals Group, and Monroe, N.C., based Metal Recycling Services Inc.

Nucor Named One of BusinessWeek’s 50 Top Performing Companies

03 April 2008 - Nucor is again named to the BusinessWeek 50, the annual list that ranks top-performing companies based on the rate of return on investment and sales growth over a three-year period.

Nucor to Acquire Monroe-Based Metal Recycling Services

19 March 2008 - Nucor will acquire substantially all the assets of Monroe, N.C., based Metal Recycling Services, a 220,000 tons/year scrap processor.

Nucor-Yamato Introduces Deepest U.S.-Manufactured Beams

14 March 2008 - Nucor-Yamato Steel is introducing 44-inch deep wide-flange structural shapes, making it the first mill in the Western Hemisphere to produce sections at this depth.

Nucor Completes Acquisition of The David J. Joseph Company

04 March 2008 - Nucor completes its acquisition of SHV North America—the owner of 100% of The David J. Joseph Co.—for a purchase price of approximately $1.44 billion.

Nucor to Construct New Coil Processing Center in Mexico

21 February 2008 - Nucor announced plans to construct a new sheet and coiled plate processing center in Mexico with an anticipated capacity in excess of 500,000 tons/year.

Nucor to Acquire David J. Joseph Company

11 February 2008 - Nucor will buy David J. Joseph Co., one of the country’s leading scrap brokers, in a $1.44-billion deal that will boost its total annual scrap processing capacity and provide access to extensive brokerage operations.

MultiServ Gets Contract Extensions at Corus Ijmuiden, Nucor Yamato

08 February 2008 - Harsco’s MultiServ mill services division is awarded multi-year contract extensions at the 7 million tonne/year Corus IJmuiden strip products works in the Netherlands, and at the Nucor Yamato works in Arkansas, which is preparing for a significant expansion of its production later this year.

Nucor Reports Results for 2007

25 January 2008 - Nucor Corp. announced consolidated net earnings of $364.8 million on record consolidated net sales of $4.40 billion for the fourth quarter, and consolidated net earnings of $1.47 billion on record consolidated net sales of $16.59 billion for the full year of 2007.

Nucor Endows Steel Professorship at South Dakota School of Mines

24 January 2008 - Nucor will donate $1 million to endow a professorship in metallurgical and steelmaking technologies at the South Dakota School of Mines and Technology.

Nucor Breaks Strip-Casting Record with Castrip Process

16 January 2008 - Nucor sets a new record for sequence casting -- 24 ladles of steel, cast continuously, over a 38-hour period -- at the world's first commercial Castrip-based strip-casting facility for plain-carbon steel sheet.

Nucor, Duferco to Form Joint Venture to Produce, Distribute Beams

11 January 2008 - Nucor signs Memorandum of Understanding with the Duferco Group to establish a 50/50 joint venture for the production of beams in Italy and the distribution of beams in Europe and North Africa.

Horsehead to Process Nucor’s EAF Dust on Regional Basis

24 December 2007 - Horsehead and Nucor agree to expand their existing commercial relationship to include regional recycling of Nucor's EAF dust by Horsehead.

Nucor Welcomes Former Weirton Steel Chief to Board of Directors

11 December 2007 - Nucor announces the election of former Weirton Steel President and CEO John H. Walker to its board of directors, effective January 1, 2008.

Nucor Increases Base Dividend by 173%

06 December 2007 - Nucor’s Board of Directors increases the regular quarterly cash dividend on Nucor's common stock to thirty-cents per share, and approves a supplemental dividend of thirty-one cents per share.

Nucor Execs Applaud Efforts to Reestablish U.S. Trade Priorities

09 November 2007 - Nucor executives voice support for the decision announced by Rep. Michael A. Arcuri (D-N.Y.) to oppose the proposed free trade agreement between the United States and Peru, and to encourage Congressional leaders to advance legislation to address the fundamental trade problems facing American industries and workers.

CCR Technologies to Streamline Ladle Movement at Nucor’s Auburn Meltshop

30 October 2007 - Nucor Steel recently awarded a contract to CCR Technologies to design and supply a Ladle Turret System for the continuous casting machine at Nucor’s Auburn, N.Y., meltshop.

Nucor Reports 3rd Quarter Results

19 October 2007 - Nucor reports consolidated net earnings of $381.2 million on consolidated net sales of $4.26 billion for the third quarter, and consolidated net earnings of $1.11 billion on consolidated net sales of $12.20 billion for the first nine months of 2007.

Nucor’s Harris Steel Expands Rebar Fabrication Business

21 September 2007 - Nucor subsidiary Harris Steel builds its rebar fabrication business with the recent acquisition of Consolidated Rebar and South Pacific Steel, as well as a new agreement to combine businesses with Barker Steel.