Steel Mills
Nucor Acquires Precoat Metals' Arkansas Paint Line
Written by Sandy Williams
October 29, 2020
Nucor has agreed to acquire Precoat Metals’ paint line facility in Armorel, Ark., accelerating Nucor’s entry into the painted products market, said Troy Brooks, vice president and general manager of Nucor Steel Arkansas. Precoat’s paint line is located near the Nucor Steel Arkansas sheet mill campus and has a capacity of approximately 250,000 tons per year.
Nucor decided to acquire an existing facility rather than build a new one. “We will be able to diversify our product and market mix sooner, bringing value-added products to customers in construction, HVAC, garage door, lighting, transportation and other key pre-paint markets,” said Brooks. “We are excited to welcome those Armorel teammates who will be joining the Nucor family.”
Nucor Steel Arkansas recently completed construction of a new specialty cold mill complex and is currently building a new third-generation advanced high-strength steel galvanizing line with an annual capacity of approximately 500,000 tons. The galvanizing line is expected to begin operations in 2021. The Arkansas facility has an annual production capability of 2.65 million tons of hot rolled sheet.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."
Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.
Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”