Nucor Corp., Charlotte, N.C., will acquire Hannibal Industries for $370 million. Hannibal is a provider of racking solutions to warehouses, serving the e-commerce, industrial, food storage and retail segments. Pending approvals, Nucor will purchase 100 percent of Hannibal Industries' outstanding shares from its Employee Stock Ownership Plan.

Charlotte, N.C.-based Nucor Corp., has announced a comprehensive greenhouse gas emissions reduction strategy that will lower its GHG emissions intensity of steel mills to 77 percent less than today's global average. The commitment will be measured against a 2015 baseline, the year the Paris Climate Agreement was adopted.

Nucor Corp., Charlotte, N.C., was recognized as a General Motors Supplier of the Year for the third year in a row. The award was presented during a virtual ceremony. Nucor remains the only electric arc furnace steelmaker to receive this award.

JSW Steel (USA) Inc. and JSW USA Steel Ohio Inc. have filed a federal court lawsuit in the Southern District of Texas against Nucor, U.S. Steel Corp. and Cleveland-Cliffs. The companies allege the defendants conspired to boycott and refused to supply JSW with slabs beginning in 2018 and continuing through the present.

Prices for flat-rolled steel products have been on a relentless uptrend for the past nine months, reaching their highest levels in contemporary history. Steel Market Update reported a new all-time high for hot-rolled coil of $1,500 per ton in the first week of May ...

Nucor Corporation, Charlotte, N.C., will acquire Cornerstone Building Brands' insulated metal panels business for a cash purchase price of $1 billion.

Nucor President and CEO Leon Topalian has been elected chairman of the American Iron and Steel Institute, Washington. AISI is the leading trade group representing American steel producers.

Nucor Corp., Charlotte, will upgrade its engineered bar mill in Nebraska to better serve the automotive market and meet customers’ needs for higher quality products. The modernization project will include a new reheat furnace, new intermediate mill, and coil inspection and trimming station.

The Brilex Group of Companies, Youngstown, Ohio, has hired former Nucor executive Doyle Hopper as CEO of Brilex Industries, Inc, Brilex Technical Solutions, LLC and Taylor-Winfield Technologies, Inc. As their CEO, Hopper will leverage nearly 30 years of steel industry and manufacturing expertise to drive strategic growth and commercial excellence across these companies.

Nucor Corp., Charlotte, reported record earnings of $942.4 million in the first quarter, more than doubling the figure from the prior quarter. The minimill’s earnings in first-quarter 2021 totaled $20.3 million.

Raymond S. Napolitan Jr. will retire on June 5 after 25 years with Nucor. He has been serving as executive vice president of engineered bar products and digital for the Charlotte, N.C.-based minimill producer.

Nucor Corporation will build its new tube mill on the site of its Nucor Steel Gallatin sheet mill in Kentucky. This location will allow the company to take advantage of investments Nucor has made to expand capacity of the Gallatin mill and add a galvanizing line.

Nucor Corp., Charlotte, N.C., will build a 250,000-ton tube mill in the Midwest, the largest consuming region for steel and steel products. Products from the new tube mill will capitalize on investments Nucor has already made in the Midwest including a plate mill, galvanizing line and hot-roll expansion, the company claims.

Nucor Corporation will build its third TrueCore manufacturing facility. The 120,000-square-foot facility will be located in Brigham City, Utah.

A strong fourth quarter helped Nucor rebound from the first nine months of the year, but not enough to offset the conditions. The Charlotte, N.C.-based minimill company reported earnings of $398.8 million in the fourth quarter, more than doubling its earnings figure from the same period in 2019. For the full year, Nucor’s earnings totaled 721.4 million, a 43.2 percent decline.

Steel Dynamics President and CEO Mark Millett has been elected chairman of the Steel Manufacturers Association. The SMA is the leading trade group for electric arc furnace steelmaking.

Coating, such as prepainting, helps protect coils from a variety of conditions while producing aesthetically pleasing products.

A promising year for the industrial economy was turned on its head by the biggest public health crisis the globe has seen in more than a century.