Steel Mills

Nucor Completes $1 Billion Deal for Insulated Metal Panels Business
Written by Tim Triplett
August 10, 2021
Nucor has completed its previously announced acquisition of Cornerstone Building Brands’ insulated metal panels (IMP) business. The $1 billion deal expands the steelmaker’s reach into the construction market.
The Nucor management team is in place and the CENTRIA and Metl-Span brands acquired from Cornerstone Building Brands are now a part of the newly created Insulated Panel Group, which also includes Nucor’s existing IMP business, TrueCore.
“We are excited to officially welcome our CENTRIA and Metl-Span teammates as part of the Nucor team,” said Jeff Carmean, president of Nucor Insulated Panel Group. “Adding these two brands will allow us to provide our customers with a full range of products to service high-end architectural applications, as well as the quickly expanding cold storage and warehousing markets.”
Cornerstone Building Brands, Inc. plans to use the proceeds from the transaction to pay down a portion of its secured credit facilities and to invest in organic growth and strategic acquisitions. Based in Cary, N.C., Cornerstone Building Brands claims to be the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America. Nucor is North America’s largest steel manufacturer.

Tim Triplett
Read more from Tim TriplettLatest in Steel Mills

Domestic mill shipments slip in July: AISI
US steel shipments decreased month over month in July, but were up from last year, according to the latest figures from the American Iron and Steel Institute (AISI).

Nippon and USS drop litigation vs. USW and Cliffs
Another chapter of the Great U.S. Steel Buyout of the 2020s melodrama has closed, with all involved parties terminating the litigation disputes between them.

Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

USS Clairton begins full production of batteries 19 and 20, 13 and 14 hot idled
U.S. Steel has activated batteries 19 and 20 at its Clairton Coke Works facility after pausing each “out of an abundance precaution” following an explosion at the site on Aug. 11.

Steel Summit: Schneider sees SDI ‘on the edge of a very good run’
Steel Dynamics Inc. (SDI) President and Chief Operating Officer, Barry Schneider, remains bullish about the Fort Wayne, Ind.-based steelmaker’s position in the current market.