Nucor taking non-binding peek in Ala.: DiMicco

Oct 19, 2012 | 11:39 AM | Michael Cowden

Tags  Nucor, ThyssenKrupp, ThyssenKrupp Steel USA, Daniel DiMicco, melt shop, steel, Michael Cowden

CHICAGO — Nucor Corp. and other steel companies might be kicking the tires at ThyssenKrupp Steel USA LLC but are unlikely to pay a price for it that the company’s German parent might like.

"It will get sold. Don’t get me wrong. But it’s not worth anywhere near what they (ThyssenKrupp AG) spent on it," Nucor chairman and chief executive officer Daniel R. DiMicco said during an earnings call Thursday.

DiMicco confirmed to analysts that Nucor had expressed a non-binding interest in the operation—a prudent move, he said, since interested parties get the rare chance for an up-close examination of a competitor.....

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