Steel Mills
Nucor To Buy Steel Technologies Pickle Line in Ghent, Ky.
Written by Michael Cowden
May 25, 2022
Nucor has signed a definitive purchase agreement to acquire Steel Technologies LLC’s pickle line facility and associated equipment in Ghent, Ky., where the steelmaker also operates a sheet mill.
Charlotte, N.C.-based Nucor said Steel Technologies would continue to own and operate slitting equipment at the Ghent location in a letter to customers dated Wednesday, May 25.
The value of the deal was not disclosed.
Nucor expects to take ownership of the facility on June 30. The steelmaker and Steel Technologies – a Louisville, Ky., based service center with locations across North America – will work in the meantime to make sure existing customers continue to receive pickled-and-oil (P&O) products from the line.
The pickle line in Ghent can process up to 450,000 tons of flat-rolled steel per year, Nucor said. It has capabilities ranging from .054-.500 min and can handle widths up to 72 inches.
Nucor steelmaker said the deal would allow it to continue to expand its offerings of value-added sheet products. And it will immediately benefit the company’s Ghent sheet mill, also known as Nucor Steel Gallatin, which is in the final stage of a hot mill expansion project.
That expansion will add 1.4 million tons per year of additional hot-rolled coil capacity. It will also allow the mill to roll coils up to 73.5 inches wide, higher strengths and heavier gauges – up to 1 inch, Nucor said.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
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.
Steel Summit: Burritt says USS and Nippon are fast-tracking modern steelmaking
U.S. Steel President and CEO David Burritt told audiences at SMU's Steel Summit 2025 that the iconic American steelmaker’s partnership with Nippon Steel is fast-tracking smarter steel production.
Nucor moves to stop HRC price slide with $10/ton hike
Nucor is attempting to halt the decline in hot-rolled coil prices with the announcement of a $10-per-short-ton increase in its weekly consumer spot price on Monday.
Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.
SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.