Wednesday, April 7, 2010 as of 11:14 AM ET
Nucor Corporation (), a Fortune 300 company headquartered in Charlotte, North Carolina, is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces).
Read More at Wikipedia ›Steel giant ArcelorMittal (MT) announced Friday the sale of Skyline Steel and Astralloy business in the North American Free Trade Agreement region to Nucor Corp.
(NUE) for around $605 million, on a debt free and cash free basis.The deal is in keeping with ArcelorMittal's plan to sell non-core assets to pay down debt and brings the total number of announced non-core asset sales to about $2.2 billion since September 2011, according to Dow Jones Newswires calculations."Skyline Steel and Astralloy are strong specialist businesses with excellent prospects in their markets. However, this decision is very much in line with our strategy of focusing on core assets and reducing net debt," said Aditya Mittal, ArcelorMittal's chief financial officer in a statement. "As the largest supplier to Skyline Steel, Nucor was a natural buyer for this subsidiary business," he added.ArcelorMittal, the world's largest steelmaker accounting for some 6% of the world's production, said that the transaction inclu...DOW JONES NEWSWIRESNucor Corp. (NUE) swung to a bigger-than-expected fourth-quarter profit as the steelmaker said it was aided by an uptick in steel prices in Decemb...
Nucor Corp., the Charlotte, N.C., steelmaker, swung to a fourth-quarter profit from a year-earlier net loss on 25% higher sales. Earnings were $137.1 million, or 43 ...
Steel-products maker Nucor Corp. said Thursday that plans to close its Nuconsteel division later this spring. The unit, which was focused on light-gauge steel-framin...
Steels stocks took part in the broader market advance early Friday, with shares of AK Steel Holding Corp. , U.S. Steel Corp. and Nucor Corp. all gaining about 3%. Al...
By Steve JamesNEW YORK (Reuters) - Many of the world's leading steelmakers warn that profits in the second half of this year will be hurt because of the slow economi...
Steve Milloy, JunkScience.com founder and publisher, on why he believes the EPAâ??s regulations are taking a toll on job creation in America, and how government can fight the association.
Steve Milloy, JunkScience.com founder and publisher, on why he believes the EPA’s regulations are taking a toll on job creation in America, and how government can fight the association.
Nucor Corp. (NUE) swung to a fourth-quarter loss that was better than the company had feared as the steelmaker's margins slid and it had a big gain in the year-earli...
James Lebenthal of Lebenthal Equity Management explains why he is still putting money into equities.
By Doug Palmer and Paul EckertWASHINGTON (Reuters) - The U.S. steel industry,Ohio lawmakers and two veteran U.S. trade policy experts urgedCongress Wednesday to pass...
By Steve JamesNEW YORK, (Reuters) - Three top U.S. steelmakersare warning of depressed third-quarter results, signaling thatthe economy may not be rebounding from th...
* Indexes: Dow off 0.2 pct, S&P off 0.07, Nasdaq up 0.2 (Adds Nucor halt)By Chuck MikolajczakNEW YORK (Reuters) - U.S. stocks were littlechanged Tuesday after promis...
Today, a few stocks are down on high volume:Trading with volume of 60.5 million, or 1.5 its average daily volume, Citigroup (NYSE:C) saw its price drop on above-norm...
After stellar gains on Wall Street Monday, stocks pulled back Tuesday, closing near the lows of the session. The Dow fell 44 points; the Nasdaq eased 2 points; and t...
FBN’s Diane Macedo breaks down the stories moving the markets.
Investors on Monday bid up shares of US Steel and AK Steel . US Steel rose 5% to $31.30 in early Monday trades, making it the leading percentage gainer on the S&P 50...
Following in the footsteps of another steelmaker, Steel Dynamics (NASDAQ:STLD) warned Wall Street on Friday it expects to generate first-quarter earnings that will m...
DOW JONES NEWSWIRESNucor Corp. (NUE) said it expects first-quarter earnings at the low end of its expectations due to pricing pressures and unexpected margin weaknes...
Nucor Corp. said Thursday it expects first-quarter earnings of 30 cents to 35 cents a share, including a one-time charge of 3 cents a share for accounting costs. In ...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
