In a statement, Duferco said it is acquiring Nucor’s 50% share of the business and expects to close the transaction in early December. 

“Being in partnership with (Nucor) has been a real honor for Duferco. We sincerely thank Nucor’s people who worked with us during these years, helping the company improve continuously its technical and productive performances,” said Antonio Gozzi, president of Duferco Italia Holding.

At the same time, Duferco confirmed that it will proceed with construction of a new rolling mill at its San Zeno Naviglio plant in Brescia.   

“In the next days, the name of the technological partner will be released,” the company said. “It is an investment worth EUR180 million that will create 150 new jobs and allow Duferco to strengthen its key role in Europe as a producer of steel profiles.”