Steel News

Nucor to Acquire Ambassador Steel

13 June 2008 - Nucor’s Harris Steel will acquire the issued and outstanding common shares of Ambassador Steel for a cash purchase price of approximately $185,000,000.

Danieli Corus to Design Blast Furnace for Nucor’s Greenfield Ironmaking Plant

13 June 2008 - Danieli Corus will design and supply a greenfield blast furnace plant and related installation parts for Nucor’s new ironmaking facility that may be built in St. James Parish, La.

Nucor Bumps up 2nd Quarter Earnings Guidance

06 June 2008 - Strong shipments and higher margins are prompting Nucor Corp. to increase its earnings guidance in the range of $1.75 to $1.80 per diluted share for the second quarter, significantly better than the $1.55 to $1.60 per share that Nucor had previously forecast.

Nucor Closes Common Stock Offering

30 May 2008 - Nucor closes its public offering of 27,667,580 shares of common stock, including 2,667,580 shares issued after the underwriters exercised their over-allotment option.

Nucor Prices Common Stock Offering

23 May 2008 - Nucor prices its public offering of 25 million shares of its common stock at $74.00 per share.

Nucor Launches Common Stock Offering

20 May 2008 - Nucor commences public offering of 25,000,000 shares of common stock, and grants underwriters an option to purchase up to an additional 3,750,000 shares at the public offering price, less the underwriting commission, within 30 days following the closing date.

Nucor Announces President for Nucor Europe

19 May 2008 - Nucor announces the promotion of Rex Query to the position of President of Nucor Europe, following the company’s recent announcement of major European investments with Duferco Steel and Sidenor.

Nucor Getting Closer to Site Selection for $2-Billion Ironmaking Facility

16 May 2008 - Nucor applies for a permit to build a state-of-the-art iron-making facility in Louisiana that would produce 3 million tons/year of iron as well as power beyond its own needs through the capture and use of excess energy at the blast furnace and heat-recovery coke plant.

Nucor to form Joint Venture with Sidenor

15 May 2008 - Nucor signs MoU with Sidenor regarding a new joint venture for the production and distribution of long steel products and plate in the Balkans, Turkey, Cyprus, and North Africa.

Nucor Moves Forward on Italian Beams Venture with Duferco

14 May 2008 - Nucor enters agreement to acquire 50% of its Duferdofin-Nucor Srl beam production and distribution joint venture with Duferco, for euro 423.5 million.

Nucor Ranked as America’s Largest Steelmaker

24 April 2008 - No company produces more steel in the United States than Nucor, according to rankings published in the May 2008 issue of American Metal Market.

Nucor Reports Record 1st Quarter Results

18 April 2008 - Nucor reports consolidated net earnings of $409.8 million on record consolidated net sales of $4.97 billion for the first quarter of 2008, marking the company’s fifth consecutive year of reporting record first-quarter earnings.

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.