Steel Products
Nucor Adds Distinguished Army General to Board
Written by Sandy Williams
September 14, 2017
U.S. Army General Lloyd J. Austin III has been elected to the Nucor board of directors, effective Sept. 18.
General Austin, 64, retired as a four-star general in 2016 after nearly 41 years with the U.S. Army. From March 2013 through March 2016, he served as the commander of U.S. Central Command responsible for military strategy and joint operations throughout the 20-country Central Region that includes Iraq, Syria, Iran, Afghanistan, Pakistan, Yemen, Egypt and Saudi Arabia. Prior to that he served as the 33rd Vice Chief of Staff of the Army from January 2012 to March 2013 and as the Combined Forces Commander in Iraq from September 2010 through the completion of Operation New Dawn in December 2011.
{loadposition reserved_message}
General Austin graduated in 1975 from the United States Military Academy at West Point with a bachelor of science degree. General Austin also holds a master’s degree in counselor education from Auburn University and a master’s degree in business management from Webster University. He was awarded the Silver Star, five Defense Distinguished Service Medals, the Legion of Merit and the Distinguished Graduate Award from the United States Military Academy at West Point, among other honors.
“We are honored to have General Austin join the Nucor board. He brings a unique and valuable perspective from his years of proven leadership and management during his distinguished military career,” said John Ferriola, Nucor’s Chairman, Chief Executive Officer and President. “He will be a strong addition to our board of directors and the Nucor team.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Active rig counts stable in US and Canada
US drill rig activity saw a slight increase from last week but continues to hover near multi-year lows. In Canada, rig counts dipped last week but near one of the highest levels recorded in the past seven months.
Nucor (officially) holds plate prices steady again
Nucor said it would keep plate prices unchanged in a letter to customers on Wednesday. The Charlotte, N.C.-based steelmaker in addition said it was opening its November order book for plate. The company did not specify what its plate price was. It has officially kept prices flat since cutting them by $125 per short ton (st) on July 1.
Worthington Enterprises taps Hayek as president, CEO
Worthington Enterprises has named Joseph Hayek as the company’s next president and CEO, effective Nov. 1. He will replace Andy Rose, who is retiring.
AISI: Steel shipments rose month over month in August
Domestic steel shipments increased month over month but slipped on year in August.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.