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Nucor Corp., Charlotte, reported net earnings of $107.8 million in the fourth quarter and full-year earnings of $1.27 billion. The quarterly earnings were down more than 50 60.8 percent, while full-year earnings declined 46.2 percent from 2018.
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Following a strong 2018, the market for special quality bar products took a nosedive this year.
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Nucor Corp., Charlotte, N.C., will add a coil paint line at the company’s sheet mill in Mississippi County, Ark. The new coil paint line will have a capacity of 250,000 tons per year and is expected to start up in the first half of 2022.
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Nucor Corp., Charlotte, announced plans to acquire TrueCore LLC an insulated metal panel manufacturing company with a facility in Laurens, S.C. TrueCore produces insulated metal panels serving the cold storage market, with future plans for additional commercial and industrial applications.
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Samuel Nelson Technology has completed the design and supply of key process equipment in the Purdue pickle line at Nucor Crawfordsville. The revamp of the pickling line involved replacing the existing pickling and rinse tanks and converting the process from a 3-stage to a 4-stage pickle line in order to increase pickling speeds, reduce acid consumption and reduce load on the fume extraction system.
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A coalition of associations and businesses representing manufacturing of all types is urging Congress to pass the United States-Mexico-Canada agreement this fall. A letter sent to Congress was signed by representatives from more than 350 companies and organizations, stating passage is essential to promoting growth for manufacturing businesses, workers and families across the U.S., “each of whom relies on trade with our North American partners to prosper and grow.”
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Times have been pretty good for U.S. producers and distributors of steel plate, but there are worries the conditions may get a little softer in the back half of the year.
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Nucor Chairman and CEO John Ferriola will retire from Nucor Corp., Charlotte, at the end of the year. Leon J. Topalian has been chosen to replace him as president and CEO.
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One of the recurring topics at the recent Steel Summit from Steel Market Update was U.S. Steel Corporation’s recent announcement it would stop offering index-based pricing to its contract customers in 2020.
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One of the recurring topics at the recent Steel Summit from Steel Market Update was U.S. Steel Corporation’s recent announcement it would stop offering index-based pricing to its contract customers in 2020.
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Nucor Corp., Charlotte, reported net earnings of $386.5 million in the second quarter, a decline of 43.4 percent from the same quarter last year, and down 23 percent compared with the first quarter. First-half net earnings of $888.3 million were 14.6 percent below 2018.
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Nucor will add vacuum degassing to its engineered bar capabilities at its mill in Darlington, S.C. The addition will allow the company to produce engineered bar products meeting the most stringent quality-specifications. It is expected to begin operations in late 2020.
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Chief Digital Officer R. Joseph Stratman will retire from Nucor Corp. on June 8. He has worked for the Charlotte, N.C.-based minimill company for 29 years.
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Solid end-use demand helps producers and distributors of structural tubing products navigate tricky market dynamics.
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Nucor Corp., Charlotte, N.C., has acquired Century Tube LLC, Madison, Ind. Century Tube is a supplier of carbon steel tubing for automotive and other mechanical and structural applications.
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Nucor Corp. will build a new plate mill in Brandenburg, Ky., located along the Ohio River southwest of Louisville. Charlotte, N.C.-based Nucor will invest approximately $1.35 billion to build the mill, which is expected to be operational by 2022.
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Steel Market Update research shows service centers carry some influence when it comes to the direction of steel prices.
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Tariff talk dominated the steel market in 2018. How will trade policy and other issues affect the market for the steel supply chain over the next 12 months?
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