CHARLOTTE, N.C., Sept. 15, 2017 /PRNewswire/ -- Nucor
Corporation (NYSE: NUE) announced today that Nucor's board of
directors approved a steel bar micro mill project and announced the
company is considering five states in the Midwest and Southeast for
the project. The states being considered include Nebraska, Kansas, Missouri, South
Carolina and Florida.
Nucor's board of directors also approved the expansion of its
existing merchant bar operations in either Illinois or Ohio.
Nucor's bar mills are a cornerstone of the company; they have
generated significant value in the past, and they are expected to
generate significant value in the future. Both the micro mill
project and the expansion of its merchant bar operations are part
of Nucor's planned strategy for long-term profitable growth. By
leveraging Nucor's existing operating abilities, these projects
will maintain our position as a low-cost producer and will allow us
to better serve our customers.
Nucor and its affiliates are manufacturers of steel
products, with operating facilities primarily in the U.S. and
Canada. Products produced include: carbon and alloy steel --
in bars, beams, sheet and plate; hollow structural section tubing;
electrical conduit; steel piling; steel joists and joist girders;
steel deck; fabricated concrete reinforcing steel; cold finished
steel; steel fasteners; metal building systems; steel grating; and
wire and wire mesh. Nucor, through The David J.
Joseph Company, also brokers ferrous and nonferrous metals, pig
iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and
nonferrous scrap. Nucor is North
America's largest recycler.
Certain statements contained in this news release are
"forward-looking statements" that involve risks and
uncertainties. The words "believe," "expect," "project,"
"will," "should," "could" and similar expressions are intended to
identify those forward-looking statements. Factors that might
cause the Company's actual results to differ materially from those
anticipated in forward-looking statements include, but are not
limited to: (1) competitive pressure on sales and pricing,
including competition from imports and substitute materials; (2)
the sensitivity of the results of our operations to prevailing
steel prices and the changes in the supply and cost of raw
materials, including scrap steel; (3) market demand for steel
products; and (4) energy costs and availability. These and
other factors are discussed in Nucor's regulatory filings with
the Securities and Exchange Commission, including those
in Nucor's fiscal 2016 Annual Report on Form 10-K, Item
1A. Risk Factors. The forward-looking statements contained in
this news release speak only as of this date,
and Nucor does not assume any obligation to update
them.
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SOURCE Nucor Corporation