A coalition of steel companies and industry partners founded by Nucor Corporation and five other organizations released a draft this week of the global standard to measure and report carbon emissions from steel companies. The Steel Climate Standard, which was developed by the Global Steel Climate Council (GSCC), offers a single, technology-neutral protocol that would…
Nucor to recycle nearly 100% of scrap steel at major Johnson Controls facilities
Johnson Controls, a global provider of smart and sustainable buildings, announced the launch of a program for recycling steel, through a collaboration with Nucor Corporation, the largest steel producer and recycler in North America. Nucor and its affiliates are manufacturers of steel and steel products — including steel fasteners, racking, castings, conduits, and more —…
California Steel Industries to build galvanizing line at Fontana Mill
Nucor Corporation announced that California Steel Industries (CSI) will build a continuous galvanizing line at its mill in Fontana, California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. With the addition of this new line, CSI will have a…
Nucor partners with Electra for zero-carbon steelmaking
Nucor Corporation announced that it has made an equity investment in Electra, a Colorado-based start-up developing a process to produce carbon-free iron that can be used to make steel. The company uses renewable energy to refine low-grade iron ores into high-purity iron through electrochemical and hydro-metallurgical processes. This material will be used in the steelmaking…
Nucor ranked No. 1 in its industry by Fortune Magazine
Nucor Corporation, currently the largest domestic steel producer and recycler in North America, has been ranked No. 1 in its industry in Fortune Magazine‘s list of the World’s Most Admired Companies in its industry. The list is a major authority on corporate reputations compiled each year by Fortune and Korn Ferry through a survey of…
Nucor launches Econiq net-zero steel
Nucor Corporation announced the launch of Econiq, a line of net-zero carbon steel products. Nucor and its affiliates are manufacturers of steel and steel products — including steel fasteners, racking, castings, conduits, and more — with operating facilities in the U.S., Canada, and Mexico. Building the green economy and the necessary infrastructure requires clean, advanced…
Nucor acquires IMP business from Cornerstone Building Brands
Nucor Corporation has signed a definitive purchase agreement to acquire Cornerstone Building Brands‘ insulated metal panels (IMP) business for a cash purchase price of $1 billion, or about 10x pre-pandemic EBITDA inclusive of expected synergies. Adjusting for the net present value of associated tax benefits, the realized effective purchase price for Nucor is approximately $900…