Nucor expansions push forward: Ferriola

Apr 19, 2013 | 05:39 PM | Samuel Frizell

Tags  Nucor, direct-reduced iron, DRI, SBQ, expansions, John Ferriola, wire rod, coil Norfolk

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 Nucor’s long-term earning power."

The Charlotte, N.C.-based company’s 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.....





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