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In 1989, Nucor opened a facility in Crawfordsville, Indiana, the first mini mill in the world to produce flat rolled steel using thin-slab technology. [9] [10] In March 2000, a joint venture, owned 47.5% by Nucor, 47.5% by BlueScope, and 5% by IHI Corporation was formed to license Castrip technology. [11]
Crawfordsville is the home of the world's first thin-slab casting minimill (steel manufacturing plant that recycles scrap steel using an electric arc-furnace). Nucor Steel broke ground on its first sheet steel mill and first galvanizing line at its billion-dollar Crawfordsville facility in 1987. R.R. Donnelley & Sons Company started a printing ...
The plant continued to change hands, from ArcelorMittal to Severstal (for $810 million) to Renco Group (R.G. Steel; for $1.2 billion) and finally to liquidator Hilco Trading in 2012 (for $72 million). [6] [7] [8] Hilco sold the plant's cold mill to Nucor in 2013. [9] The blast furnace was demolished in January 2015. [10]
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US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company ...
A former engineer at a Kentucky steel manufacturer admitted taking more than $452,000 in kickbacks to steer business to a contractor. Jaymin G. Vinson pleaded guilty in federal court in Covington ...
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