Market Segment
July 26, 2023
Written by Ethan Bernard
Nucor’s growth strategy goal “is not simply about being the biggest steel company,” Nucor chair, president and CEO Leon Topalian said.
“As we evaluate and pursue new, ‘expand beyond’ platforms, we’re focused on opportunities that leverage our core capability as an efficient industrial manufacturer and are aligned with steel-intensive mega-trends or themes,” Topalian said.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.