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

USW seeks clarity on plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).

Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!

AISI: Domestic steel production ticks up
US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).