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To supply its mills, Nucor uses electric arc furnaces and continuous casting to melt scrap steel as opposed to blast furnaces to melt iron. In 2023, the company produced and sold approximately 18.5 million tons of steel and recycled 18.4 million tons of scrap. [1] None of Nucor's mills are unionized and the corporate culture is opposed to trade ...
Nucor, the largest steel producer and scrap recycler in North America, will buy 250 MW of Sebree Solar’s power, which supports the Nucor’s net-zero by 2050 goal.
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 ...
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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Nucor's (NUE) Steel Lexington mill will likely cost roughly $350 million and have an annual capacity of 430,000 tons. Nucor's (NUE) Steel Lexington mill will likely cost roughly $350 million and ...
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