Steel Mills

Nucor Announces Retirement of Executive Vice President Keith Grass
Written by Sandy Williams
August 1, 2014
Keith Grass, Nucor’s Executive Vice President of Raw Materials and Chief Executive Officer of The David J. Joseph Company will retire effective September 12, 2014.
Mr. Grass began his career with DJJ in 1978, serving as President of DJJ from 2000 until December 2012 and CEO of DJJ since 2000. He was appointed Executive Vice President of Nucor Corporation when DJJ became part of Nucor in 2008.
Joe Stratman, Nucor Executive Vice President, will assume EVP responsibilities for the raw materials group, which, in addition to DJJ, includes Nucor’s natural gas investments and logistics.
John Ferriola, Nucor’s Chairman, CEO and President, commented, “On behalf of the Board and everyone at Nucor, I would like to thank Keith for his leadership at DJJ and Nucor over the last 36 years. His guidance and expertise as both the CEO of DJJ and as EVP of Nucor have been instrumental to our combined success. Our company and our stockholders have greatly benefited from Keith’s innumerable contributions to our raw materials strategy and our continued focus on reducing our cost structure.
“In recent years, the Nucor management team has considered succession planning to be a top strategic initiative throughout the organization. Craig Feldman, a 28-year veteran of DJJ, will continue to serve as DJJ’s President, a position he has held since January 2013. His responsibilities in the DJJ organization will remain unchanged, and he is well-positioned to continue DJJ’s profitable growth. Joe Stratman’s 25 years of experience, both at operating divisions and at corporate, will ensure us continued success in the raw materials segment.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.