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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 ]
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]
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 ...
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Berenyi allegedly paid more than $450,000 in kickbacks in 2018 and 2019 to Jaymin G. Vinson, an engineer at the Nucor Steel Gallatin LLC plant in Northern Kentucky, according to court documents.
Owen Steel Company $87 million [3] March 2007: Acquisition Assets of Nicholas J. Bouras Inc. $63 million [4] April 2012: Divestiture Heavy fabrication plant of SMI-Owen Steel $20 million [5] June 2011: Acquisition G.A.M. Steel Pty. Ltd of Australia Undisclosed [6] October 2013: Divestiture Howell Metal Company $58.5 million [7] October 2016 ...
Vinson was an engineer at the Nucor Steel Gallatin LLC plant on the Ohio River at Ghent. He took part in the scheme with Tony Berenyi, who led a business called Brenyi Inc., that is based in South ...
DiMicco joined Nucor in 1982 as plant metallurgist and manager of quality control for Nucor Steel in Plymouth, Utah. [4] In September 2000, DiMicco, formerly the general manager of the company's highly profitable Nucor-Yamato Steel joint venture, was appointed CEO. In the years that followed, the company made several acquisitions.