En20120724001.jpg
About us Advertisement service Contact us Into the Chinese
Home Macro-economy Steel News Raw Material Equipment & Technology Steel End-users Products
Steel News Daily
Steel News
Nucor Looks to Step Up Foreign Steel Expansion in Automotive
  Release time: 2016/06/21 10:10:00  Author: 

Nucor Corp. is looking to supply more metal products to carmakers outside the U.S. as the country’s biggest steelmaker anticipates a cooling domestic auto market.


“There’s no rule at Nucor that says we have to keep making what we’re making and we have to keep making it where we’re making it,” Chief Executive Officer John Ferriola said in an interview this week in New York.

The Charlotte, North Carolina-based steelmaker recycles scrap in relatively small electric furnaces nicknamed mini mills. Until recently, that process has not been able to create the blemish-free flexible steel used by automakers for external car parts.


But Nucor has replaced some scrap with a type of iron refined with natural gas and removed contaminants from steel made from scrap, enabling it to compete in the market that’s been dominated by integrated steelmakers like U.S. Steel Corp. that start with iron ore and coke made from coal.


Last week, Nucor unveiled a $270 million joint venture with Japan’s JFE Holdings Inc. to produce steel for carmakers at a plant in Mexico.


‘Longer-Term Shift’
Nucor’s investment in boosting capacity destined to become car parts reflects greater interest by automakers in buying steel from recyclers of the metal, according to David Gagliano, a metals and mining analyst at Bank of Montreal.


“It’s potentially step one in a meaningful longer-term shift away from the traditional integrated steel producer supplier toward the mini mill,” Gagliano said Thursday in an interview.


Part of the push beyond national borders comes from Nucor’s own view about its growing heft in the U.S. market: There are fewer domestic opportunities left to exploit without bumping into antitrust laws.


“We might be running out of opportunities in some of our core products because we’ve grown in terms of market share,” Ferriola said on the sidelines of the American Metal Market’s Steel Success Strategies conference. “There’s a world of things we can do in new products we can bring to the market.”


Second Expansion

Nucor’s venture with JFE Holdings was the second steelmaking expansion outside of the U.S. announced this year. In May, Nucor said it will open a new facility near Hamilton, Ontario, to make construction products, with fabrication beginning this year. Nucor also has operations in Italy and Trinidad and Tobago, with sales offices in Canada, Colombia and Mexico and trading businesses in Switzerland and the United Arab Emirates.

 

The company said on Wednesday that it expects second-quarter earnings to grow by as much as 79 percent as U.S. prices rally in anticipation of anti-dumping measures taking effect this year.


The company also said its downstream-products performance is expected to improve from the first quarter because of a gradual improvement in non-residential construction markets.

To share the micro-blog:
vanitec.jpg
 
NO.26 Building, An zhenli 3th Area, Chao Yang District, Beijing. Postcode: 100029
Tel: 86-10-64441860 Fax: 86-10-64410636 Email: csteelnews@126.com
www.csteelnews.com. All Rights Reserved.
 
主站蜘蛛池模板: 日本xxxⅹ色视频在线观看网站| 真实的国产乱xxxx在线| 国产精品欧美一区二区| www.色人阁.com| 无码人妻av一区二区三区蜜臀 | 亚洲精品第一国产综合野| 精品水蜜桃久久久久久久| 国产免费丝袜调教视频| 亚洲成a人片在线看| 国产视频一区二区在线播放| v一区无码内射国产| 成人午夜福利视频镇东影视| 久久噜噜噜久久亚洲va久| 最近日本免费观看直播| 亚洲欧洲美洲无码精品VA| 狼狼综合久久久久综合网| 午夜久久久久久| 老头天天吃我奶躁我的动图| 国产另类在线观看| 久久久精品久久久久三级| 国产精品亚韩精品无码a在线| 99久久99久久精品国产片果冻| 好猛好深好爽好硬免费视频| 六月婷婷中文字幕| 苍井空亚洲精品AA片在线播放| 国产成人一区二区三区在线观看 | 国产无遮挡又黄又爽网站| 2018国产大陆天天弄| 在人间免费观看未删减| www.欧美色| 少妇一晚三次一区二区三区| 中文字幕久久网| 无码天堂va亚洲va在线va| 久久久香蕉视频| 日本精品在线观看视频| 久久综合狠狠色综合伊人| 最新电影天堂快影eeuss| 亚洲aⅴ男人的天堂在线观看| 欧美性活一级视频| 亚洲国产香蕉视频欧美| 欧美激情校园春色|