Steel Mills
October 9, 2014
Nucor Completes Acquisition of Gallatin Steel
Written by Sandy Williams
Nucor Corp. has completed the acquisition of Gallatin Steel Company in Ghent, Ky., for a purchase price of approximately $770 million. Gallatin’s strategic location on the on the Ohio River will expand Nucor’s access to the Midwest flat-rolled steel market and strengthen its position in the pipe and tube sector.
Gallatin Steel has an annual capacity of 1.8 million tons of hot rolled steel which will increase Nucor’s total flat-rolled production to approximately 13 million tons annually. The mill’s Ohio River location will allow receipt of DRI from Nucor’s Louisiana plant.
