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
Trump approves Nippon-U.S. Steel deal, USW cries foul
President Trump has approved the sale of U.S. Steel to Nippon Steel, according to an executive order signed on Friday, June 13. Both the Pittsburgh-based steelmaker and the Japanese steelmaker cheered the development.
Nippon exec responds after Trump ‘golden share’ comments: Report
A Nippon executive has hit back regarding the deal for USS following President Trump's talk of a "golden share" on Thursday.
Trump says US government to control 51% share in USS
President Trump says the US government will hold a 51% stake in U.S. Steel after the Nippon deal.
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
USS, Nippon Steel quiet as litigation deadline approaches
There has been little word from U.S. Steel, Nippon Steel, or the White House since President Trump endorsed the companies’ “partnership” on social media and celebrated it at the May 30 rally outside Pittsburgh.