March 22, 2006 — Nucor Corp. has entered into an agreement to purchase substantially all of the assets of Connecticut Steel Corp. for a cash purchase price of approximately $43 million, subject to post-closing adjustments.

Located in Wallingford, Conn., the bar products mill has an annual capacity of approximately 300,000 tons of wire rod and rebar and approximately 85,000 tons of wire mesh fabrication and structural mesh fabrication.

"Connecticut will be a good addition and will offer a complementary product offering to our existing bar products group in the construction services segment," said Dan DiMicco, Nucor's Vice Chairman, President and CEO. "We look forward to the addition of the Connecticut operations and team to the Nucor family."

"The addition of Connecticut will allow our bar products group to increase its product offerings to existing customers and enhance our abilities to grow into new product offerings. Specifically, we will be able to offer wire mesh and structural mesh to our construction products customers while also addressing our customers' desires to enhance and expand our production of coiled rebar," said Mike Parrish, Executive Vice President of Nucor.

Finalization of the acquisition will occur after satisfactory resolution of regulatory approvals, transfer of appropriate permits and operating contracts, and other closing conditions. The transaction is expected to be completed in early May of this year.

Nucor and its affiliates manufacture steel products, with operating facilities in sixteen states. Products include carbon and alloy steel bars, beams, sheet and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; metal building systems; and light gauge steel framing. Nucor is the nation's largest recycler.