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The 1.8Mt/yr flat-rolled products mill located in Gallatin County, Kentucky, USA, is owned on a 50:50 basis by ArcelorMittal and Brazilian steelmaker Gerdau and melts scrap, pig iron and hot briquetted iron (HBF) to make a variety of different steels from low to high carbon grades.
Nucor hopes the acquisition will strengthen its position in America''s Midwest where it is building a strong customer base in the growing pipe and tube sector of the market.
The Gallatin acquisition is likely to increase Nucor''s total flat-rolled production capacity by 16% to 13Mt and should be finalised by the year-end, subject to the usual regulations.
Where the sellers are concerned, Nucor''s acquistion of Gallatin is good news all round. For ArcelorMittal the deal fits in nicely with its strategy to dispose of what it regards as non-core assets. For Gerdau it means that the Brazilian steelmaker can focus on its core North American assets.
不銹鋼展-2015第十六屆廣州國際不銹鋼工業展-效果最好的不銹鋼展會-The 16th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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