Lull not curbing SBQ expansions: Nucor, SDI
Jan 30, 2013 | 04:45 PM
| Corinna Petry
CHICAGO Nucor Corp. and Steel Dynamics Inc. (SDI) are working to boost special bar quality (SBQ) production capacity despite weaker shipments in 2013 and no expectations of an immediate recovery.
SDI shipped 535,882 tons of engineered bar last year, down 15.6 percent from nearly 634,964 tons in 2011, the Fort Wayne, Ind.-based company said Jan. 29.
Charlotte, N.C.-based Nucor, which doesnt break out hot-rolled bar sales from all steel mill shipments, shipped 492,000 tons of cold-finished bar last year compared with 494,000 tons in 2011.
Nucor plans to spend roughly $150 million this year to expand production capacity at its bar mills in South Carolina, Nebraska and Tennessee, chief financial officer James D. Frias said during the companys Jan. 29 conference call with investors.....
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