Steel Mills
Duferco to Acquire All of Duferdofin-Nucor Venture
Written by Sandy Williams
November 13, 2020
The Italian joint venture Duferdofin-Nucor is coming to an end after a 12-year partnership. Duferco will repurchase Nucor’s 50 percent share of the company, becoming exclusive owner of the steel beam operations.
Duferco also announced it will invest EU 180 million ($213 million) for a new rolling mill at the plant in San Zeno Naviglio, Brescia. The new mill will add 150 jobs to the region and strengthen Duferco’s standing as a leading producer of structural steel shapes.
“Being in partnership with the first American steel producer for such a long time has been a real honor for Duferco. We sincerely thank the Nucor people who worked with us during these years, helping the company improve continuously its technical and productive performances,” said Antonio Gozzi, president of Duferco Italia Holding.
Duferdofin-Nucor produces steel beams and has an annual capacity of more than one million tons per year. The transaction is expected to close at the beginning of December, subject to approval by the European Authority for Competition.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Primetals to replace two EAFs at US mill
Primetals Technologies will be replacing two electric-arc furnaces at a steel mill in the US with one more energy-efficient furnace.
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.