Steel Mills
Nucor Acquires Precoat Metals' Arkansas Paint Line
Written by Sandy Williams
October 29, 2020
Nucor has agreed to acquire Precoat Metals’ paint line facility in Armorel, Ark., accelerating Nucor’s entry into the painted products market, said Troy Brooks, vice president and general manager of Nucor Steel Arkansas. Precoat’s paint line is located near the Nucor Steel Arkansas sheet mill campus and has a capacity of approximately 250,000 tons per year.
Nucor decided to acquire an existing facility rather than build a new one. “We will be able to diversify our product and market mix sooner, bringing value-added products to customers in construction, HVAC, garage door, lighting, transportation and other key pre-paint markets,” said Brooks. “We are excited to welcome those Armorel teammates who will be joining the Nucor family.”
Nucor Steel Arkansas recently completed construction of a new specialty cold mill complex and is currently building a new third-generation advanced high-strength steel galvanizing line with an annual capacity of approximately 500,000 tons. The galvanizing line is expected to begin operations in 2021. The Arkansas facility has an annual production capability of 2.65 million tons of hot rolled sheet.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Cliffs CEO reassures of Dearborn restart goal as UAW rallies to ‘Save the Rouge’
“We are committed to bring the hot-end back to full operation. The goal is to bring back to work all employees of the currently idled units as soon as we can," Chairman, President, and CEO Lourenco Goncalves said in a letter to colleagues on Wednesday.
USS Clairton Coke Works reports explosion
U.S. Steel’s Clairton Coke Works experienced a powerful blast at 10:51 a.m. local time on Monday. First reports suggest the explosion sparked a destructive fire at the site.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.
Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.