Steel Mills
Nucor Acquires Southland Tube
Written by Sandy Williams
December 6, 2016
Nucor Corp. announced today that it will acquire Southland Tube, a manufacturer of hollow structural section (HSS) tubing for $130 million.
Southland Tube is located in Birmingham, Alabama and is the third largest provider of HSS steel tubing in the HSS market with annual shipments of approximately 240,000 tons. HSS is used in structural and mechanical applications including nonresidential construction, infrastructure, and heavy equipment end-use markets.
“The acquisition of Southland Tube is an excellent fit for our Nucor family and our strategy for profitable growth,” said John Ferriola, Chairman, CEO and President of Nucor. “It complements our recent acquisition of Independence Tube in the HSS steel tubing market. We see this market as a great opportunity to leverage Nucor’s capabilities and strengths while also adding to our portfolio of products and services for our customers.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.
USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.
ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.