Steel Mills

Nucor Announces Additions to Board of Directors
Written by Sandy Williams
December 13, 2019
Nucor’s Board of Directors has elected Leon J. Topalian as a director and John H. Walker to serve as Non-Executive Chairman of the Board of Directors, both effective Jan. 1, 2020.
Topalian is the President and Chief Operating Officer of Nucor and will become the Chief Executive Officer of Nucor on Jan. 1, 2020. Walker, who has more than 35 years of experience in metal-related manufacturing and fabricating industries, has served as a member of Nucor’s Board of Directors since 2008 and as Lead Director of Nucor since 2017.
Topalian served as an Executive Vice President of Nucor from 2017 to 2019 and as a Vice President of Nucor from 2013 to 2017. He has been employed by Nucor in various capacities since 1996, including serving as general manager at two of Nucor’s facilities, in Arkansas and Illinois, as well as a Melting and Casting Manager, an Operations Manager, a cold mill production supervisor and a project engineer.
Walker served as Non-Executive Chairman of Global Brass and Copper Holdings, Inc., from 2014 to 2019, was Executive Chairman of Global Brass and Copper from 2013 to 2014 and was Chief Executive Officer of Global Brass and Copper from 2007 to 2014. Prior to joining Global Brass and Copper, he was President and Chief Executive Officer of The Boler Company; Chief Executive Officer, President and Chief Operating Officer of Weirton Steel Corporation; and President of flat rolled products for Kaiser Aluminum Corp. Walker is also a director of Owens-Illinois, Inc., and will serve as a director of Otis Elevator Co. after its planned separation from United Technologies Corp. in 2020.
“Leon and John have made outstanding contributions over their many years of service to Nucor,” said John J. Ferriola, Chairman and Chief Executive Officer of Nucor. “This is the culmination of many years of thoughtful succession planning, and I have full confidence in their leadership.”

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

CRU: Gerdau may opt to invest in US instead of Mexico amid tariff shake up
Brazilian long products producer Gerdau is now considering siting a 600,000 ton per year specialty steel plant in the United States, rather than Mexico as initially planned, in the wake of President Donald Trump’s imposition of 25% tariffs on steel imports into the US.

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]