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27 Apr
01:00

Nucor resumes Louisiana DRI operations

Nucor resumed operations at its DRI facility in Louisiana at the end of the first quarter, Kallanish learns from the company’s quarterly earnings conference call. The facility had been shut down since November 2014 due to issues with a process gas heater. As a result of the stoppage, Nucor’s raw material segment posted a Q1 operating loss of $44 million and a $35m operating loss in Q4 2014. The raw material segment will have continued high losses…
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