Steel News

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.

Nucor to Acquire Nelson Steel

14 September 2007 - Nucor enters into an agreement to acquire the assets of Nelson Steel, a significant player in the mesh markets, for a cash purchase price of approximately $54 million.

Nucor Announces Third Quarter Earnings Guidance

13 September 2007 - Nucor says it expects to report earnings in the range of $1.10 to $1.15 per diluted share for the third quarter ending September 29, 2007.

Former Nucor CFO Honored by National Financial Organization

11 September 2007 - Financial Executives International selects former Nucor Vice Chairman, CFO, Treasurer and Secretary Sam Siegel as an inductee for the 2007 class of the FEI Hall of Fame.

Nucor Announces Resignation Of Director

10 September 2007 - Director Ray Milchovich resigns from the Nucor Board of Directors due to other demands on his time.

OSHA to Recognize Nucor for Safety and Health Excellence at Norfolk

10 September 2007 - Nucor’s Norfolk, Neb., facility earns membership into OSHA’s prestigious Voluntary Protection Programs at the merit level.

Nucor Announces Additional Share Repurchase Program

07 September 2007 - Nucor’s Board of Directors unanimously approves the repurchase of up to an additional 30 million shares of the company's common stock.

Nucor Promotes Ferriola, Builds up Senior Management Team

07 September 2007 - Nucor’s board of directors names John Ferriola as Chief Operating Officer of Steelmaking Operations, and announces a series of executive promotions as part of the move.

Nucor Completes Acquisition of Magnatrax

28 August 2007 - Nucor completes its acquisition of Magnatrax for a cash purchase price of approximately $280 million.