Nucor Corporation has announced that its wholly-owned subsidiary, Nucor Steel Decatur
LLC, has completed the purchase of substantially all of the assets of Trico Steel Company LLC for USD 116,700,000. Located in Decatur, Alabama, the sheet steel facility originally began operations in 1997 and has an annual capacity of approximately 1,900,000 tons, which will increase Nucor’s capacity for sheet production by about 30%.
The Nucor Steel Decatur management team is in place, and training of the first crew starts this week. Equipment modifications to increase the capacity of this facility and the quality of its product were started immediately after receiving the required air permit. “The addition of these assets will support our flat-rolled strategy to build profitable market share and broaden our sheet product portfolio to include higher quality grades,” said Dan DiMicco, Nucor’s Vice Chairman, President and Chief Executive Officer. “Start-up will commence after we have completed the improvements to the facility. We expect to ship coils from Decatur by year-end.”
