With supply of steel in better balance, satisfying customers remains a top priority of North American producers.

Nucor Corporation will invest $280 million to modernize its steel plate mill in Tuscaloosa, Ala., with a new mill stand. The investment will enable Nucor Steel Tuscaloosa to strengthen its ability to serve key market segments that are part of the overall Plate Mill Group strategy.

Nucor Corp. is exploring potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity of 650,000 tons. The new mill would produce a full range of rebar sizes and have spooling capabilities.

Service center leaders detail how and why they moved downstream.

Nucor Corp., Charlotte, N.C., has acquired the assets of Cincinnati-based Garden Street Iron & Metal on behalf of its recycling subsidiary, River Metals Recycling. The deal includes one feeder and one shredder yard, bringing RMR’s total number of recycling facilities to 19.

Steel Market Update once again hosts supply chain leaders in Atlanta for three days of robust discussion.

Nucor Corp., Charlotte, N.C., will collaborate with fusion power company, Helion to develop a 500 MW fusion power plant. The project will offer baseload zero-carbon electricity from fusion directly to a Nucor steelmaking facility.

Nucor has broken ground on a new rebar micro mill in Lexington, N.C. The new facility is expected to produce 430,000 tons of rebar annually.

The plate market has outpaced most other carbon steel markets in 2023. Supply chain participants hope federal spending keeps it humming along.

Nucor expects to begin construction in the coming weeks on its Nucor Steel West Virginia sheet mill, Nucor Chair, President and CEO Leon Topalian announced during the company's recent quarterly conference call.

Nucor reported second-quarter sales of $9.52 billion, an increase of 9 percent from the prior quarter but down 19 percent compared with second-quarter 2022. Sales through six months for the Charlotte, N.C.-based minimill company were down 18 percent to $18.2 billion.

Nucor Corp., will build its second utility structure production facility in Crawfordsville, Ind. Earlier this year the company announced plans to build its first structure production facility in Decatur, Ala. The new facility will be located adjacent to the Nucor Steel Crawfordsville steel mill.

Strong backlogs and government spending are among the factors that have kept the market for heavy equipment robust through the middle of 2023.

Despite a slower housing market and steep interest rate hikes, participants in the metal coatings space are optimistic about the year ahead.

Nucor Corp., Charlotte, N.C., has signed an agreement with ExxonMobil to capture, transport and store carbon from the company’s direct reduced iron plant in Convert, La. ExxonMobil capture up to 800,000 metric tons per year of CO2 from the DRI plant and store the CO2 at an ExxonMobil-owned facility in Louisiana.

Nucor Corp., Charlotte, N.C., will cease production at Nucor Steel Longview as part of a reorganization of its plate group. Acquired by Nucor in 2016, the 100,000-ton capacity mill produces heavy steel plate.

A coalition of steel companies and industry partners founded by Nucor Corp. and five other organizations released a draft global standard to measure and report carbon emissions from steel companies. The Steel Climate Standard, which was developed by the Global Steel Climate Council, offers a single, technology-neutral protocol that would apply equally to all steel producers globally.

The matching pair of federal projects, the IIJA and IRA, will pave the way for growth in infrastructure spending for the next few years.