19
Sep
17:59
Nucor buys Independence Tube for $435m
US steelmaker Nucor plans to buy hollow structural section producer Independence Tube for $435 million, Kallanish learns from a company release.
Independence consists of four rolling mills in Illinois and Alabama with a combined annual output of about 600,000 short tons.
"Independence Tube is a natural fit with Nucor,” says Nucor ceo John Ferriola. “Their business model is similar to ours with extremely efficient manufacturing facilities and …
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Anonymous
Very good overview of the weekly steel market.
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