Nucor expansions push forward: Ferriola
Apr 19, 2013 | 05:39 PM
| Samuel Frizell
NEW YORK With Nucor Corp.s capital expenditures slated to exceed $1.1 billion in 2013 and a range of projects coming online this year, the steelmaker is positioning itself to take advantage of new market opportunities in the coming years, president and chief executive officer John Ferriola told investors April 18.
"Our teams continue to push through our growth initiatives," Ferriola said during a conference call to discuss its first-quarter earnings report. "These investments have dramatically increased Nucors long-term earning power."
The Charlotte, N.C.-based companys 2.5-million-ton direct-reduced iron (DRI) facility in Louisiana is set to start production late in the third quarter following delays due to severe weather during the first quarter.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.