Steel Mills

Nucor buys Southwest Data Products for $115M
Written by Ethan Bernard
April 1, 2024
Nucor has acquired Southwest Data Products (SWDP), a manufacturer and installer of data center infrastructure, for $115 million.
The Charlotte, N.C.-based steelmaker also announced it has launched Nucor Data Systems. This is a new business unit that will serve customers in the data center infrastructure industry.
SWDP, with ~147 employees, has a manufacturing facility and offices in San Bernardino, Calif.
“The SWDP acquisition furthers our expand beyond strategy to invest in steel-centric businesses that operate outside of the cyclical nature of steel production,”Chad Utermark, Nucor EVP of new markets and innovation, said in a statement on Monday.
Nucor said the buy “creates a number of synergies with Nucor’s core steelmaking business.” The company noted that SWDP uses many types of steel as a raw material that can be supplied by Nucor facilities. These include sheet steel, steel tubing, and wire mesh.
“With our circular, recycling-based steel production process, sourcing steel from Nucor mills will ensure our nation’s green and digital economy is being built with low-embodied carbon steel,” Nucor added.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

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.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.