Nucor Corp., Charlotte, N.C., will acquire C.H.I. Overhead Doors from the investment fund managed by Kohlberg Kravis Roberts & Co. C.H.I. is a leading manufacturer of overhead doors for residential and commercial markets in the U.S. and Canada. The transaction is valued at $3 billion.

Nucor Corp., Charlotte, reported net earnings of $2.1 billion for the first three months of 2022, making it the most profitable first quarter in the company’s history. Nucor’s earnings in the prior quarter totaled $2.25 billion, but first quarter 2021 earnings were less than half those figures at $942.4 million.

The chairman of the nation’s largest flat-rolled producer kicked off three-day FMA Annual Meeting with his take on the state of the steel industry.

Charlotte-based Nucor Corp., will build a new rebar micro mill in its home state in Lexington, N.C. This will be Nucor's third rebar micro mill, joining existing facilities in Missouri and Florida.

Nucor Corp., Charlotte, N.C., has acquired steel racking manufacturer Elite Storage Solutions for $75 million. This acquisition expands Nucor's steel racking capabilities and builds on the company's acquisition of Hannibal Industries last year. Elite Storage Solutions employs 180 full-time teammates at locations in Monroe, Ga., and Chandler, Ariz.

ANDRITZ has started up a new galvanizing line it supplied to Nucor Steel Arkansas in Hickman. The first galvanized coil was procued on schedule in January.

Nucor Corp., Charlotte, N.C., will invest $290 million to expand the product capabilities of its Crawfordsville, Ind., sheet mill. Nucor will add a construction grade continuous galvanizing line and prepaint line at the facility. The investment is expected to take two years to complete.

Prepainted coils are understandably popular, thanks to their durability, corrosion resistance, and tantalizing colors and patterns.

Nucor Corp. will build its new sheet mill in Mason County, W.Va. The West Virginia location on the Ohio River provides Nucor with important transportation and logistics advantages, and a strengthened ability to serve customers in the Midwest and Northeast, the two largest sheet-consuming regions in the U.S.

The metals supply chain followed up the pandemic-dominated 2020 with a 12-month span that was even more unpredictable. Low stock levels were the rules for most metals warehouses.

The Wheatland Tube division of Zekelman Industries filed a request for the U.S. Department of Commerce to conduct an anticircumvention inquiry regarding circular welded pipe that is completed in Oman and the United Arab Emirates using hot-rolled steel manufactured in India. The request seeks to have Commerce issue a determination that such merchandise is circumventing the existing antidumping duty order on CWP from India and, therefore, should be covered by that order.

Steel Technologies LLC, Louisville, Ky., will acquire Calstrip Industries, Mira Loma, Calif. Calstrip is a flat-rolled metal processing business with operations in California, New Mexico, Texas and Arkansas.

Nucor Corp., Charlotte, has acquired a majority ownership position in California Steel Industries, Inc. by purchasing a 50 percent equity interest from a subsidiary of Vale S.A. and a 1 percent equity ownership stake from JFE Steel Corporation. The company will be a joint venture between Nucor and JFE, pending regulatory approvals.

Two businesses are activists in their communities – educating others and promoting American-made steel. EXLTUBE, Kansas City, Mo., and Zekelman Industries, Chicago

Nucor Corp. will build a rebar micro mill in the South Atlantic region. The company’s board of directors approved the project, which is expected to cost $350 million.

The past 12 months were among the most difficult for the steel production industry, as demonstrated by the results from the 20th installment of MCN’s Rate the Mills from Jacobson & Associates.

At August’s in-person Steel Summit in Atlanta, one of Economist Alan Beaulieu’s most heavily stressed pieces of advice for metals executives was to activate the rarely employed “Drunken Sailor” school of business management in the weeks and months to come.

The flat-roll industry is experiencing strong demand despite high steel prices, but new capacity may be a game changer.