U.S. Markets close in 9 mins

Blog Exposure - Nucor to Invest $240 Million for Capacity Expansion at Sheet Mill in Arkansas

Stock Monitor: Gibraltar Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 15, 2018 / If you want access to our free research report on Nucor Corp. (NYSE: NUE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NUE as the Company's latest news hit the wire. On May 11, 2018, the Company disclosed that it plans to invest $240 million for building at new galvanizing line at the Company's Arkansas sheet mill facility. The investment was approved by the Company's Board of Directors. The current investment is in addition to the Company's previously announced investment of $230 million in September 2016 to build a specialty cold mill complex at Nucor Steel Arkansas. Register today and get access to over 1,000 Free Research Reports by joining our site below:


Active-Investors.com is currently working on the research report for Gibraltar Industries, Inc. (NASDAQ: ROCK), which also belongs to the Basic Materials sector as the Company Nucor. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Nucor most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Commenting on the building of a new galvanizing line, John Ferriola, Chairman, CEO, and President of Nucor, said:

"At Nucor Steel Arkansas, we are building one of the most modern and efficient steel mills in the world. This new galvanizing line, coupled with our new specialty cold mill complex, will allow us to efficiently produce products beyond the capability of any North American mill, and to have the flexibility to meet current and future demand for advanced high-strength steel products."

MaryEmily Slate, VP and GM at Nucor Steel Arkansas, added:

"Building this galvanizing line will diversify the product mix at Nucor Steel Arkansas and allow us to better serve our automotive and value-added customers. We are positioning ourselves to become a major supplier to the growing galvanized market in the US."

Details of Investment

The current investment of $240 million will be utilized by Nucor to construct a new galvanizing line at the Company's Hickman, Arkansas facility. This facility already manufactures carbon steel sheet in hot rolled, cold rolled, pickled, floor plate and galvanized coils. The new galvanizing line is expected to be operational in H1 2021. The current investment will allow Nucor to increase its annual production capacity by approximately 500,000 tons.

The Company is reviewing several options to build additional galvanizing lines at its other sheet manufacturing facilities to expand production capacity and capitalize on the market opportunities available in the sheet business.

The work on constructing an additional cold mill at its Nucor Steel Arkansas division where the Company had earmarked an investment of $230 million earlier, is currently in progress. The facility is expected to produce advanced high-strength, high-strength low-alloy, and motor lamination steel products aimed at the automotive market. Market research Company Ducker Worldwide had estimated in 2016 that the automotive industry would require 4 million tons of advanced high-strength and ultra-advanced high-strength steels by year 2025. The additional new cold mill would be expanding Nucor's product portfolio and produce those products that it currently does not manufacture.

The above investments being made by the Company will not only diversify its product offerings but also allow it to gain a strong foothold in the automotive and value-added services market.

About Nucor Corp.

Charlotte, North Carolina based Nucor is one of the largest producers of steel in US. The Company is also the largest recycler in North America. The Company has 90 independently operating businesses with 200 operating facilities, including its wholly owned subsidiaries Harris Steel, The David J. Joseph Company, and Skyline Steel. The Company has an annual steel production capacity of over 27 million tons.

The Company believes in a flat organization structure and has just five layers of management, with an executive team of less than 100 people.

The Company and its affiliates manufacture a wide range of steel products including carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.

Stock Performance Snapshot

May 14, 2018 - At Monday's closing bell, Nucor's stock marginally fell 0.57%, ending the trading session at $62.76.

Volume traded for the day: 2.84 million shares, which was above the 3-month average volume of 2.59 million shares.

Stock performance in the last month – up 1.83%; previous six-month period – up 11.04%; and past twelve-month period – up 9.49%

After yesterday's close, Nucor's market cap was at $20.05 billion.

Price to Earnings (P/E) ratio was at 17.70.

The stock has a dividend yield of 2.42%.

The stock is part of the Basic Materials sector, categorized under the Steel & Iron industry. This sector was up 1.0% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors