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: 渣男渣女抹胸渣男渣女app| 欧美bbbbb| 成人亚洲网站www在线观看| 国产又爽又黄又无遮挡的激情视频| 99re视频在线观看| 性色av一区二区三区| 久久亚洲伊人中字综合精品| 男人的j插女人的p| 国产亚洲精品aa片在线观看网站| 爽爽爽爽爽爽爽成人免费观看| 天下第一社区视频welcome| 中文字幕视频网| 欧美浮力第一页| 免费一区二区视频| 美女极度色诱视频国产| 国产人澡人澡澡澡人碰视频| 亚洲欧洲另类春色校园网站| 国产超爽人人爽人人做| bbbbbbbw日本| 戍人视频fc2最近一周| 久久久久久亚洲av成人无码国产| 日韩高清免费观看| 亚洲人成网亚洲欧洲无码| 毛片免费全部免费观看| 免费日韩三级电影| 精品国产污污免费网站入口| 国产一级在线视频| 韩国免费A级作爱片无码| 国产成人高清亚洲一区app| 爽爽爽爽爽爽爽成人免费观看| 国产自产一c区| 99久久99久久精品国产片| 奇米色在线视频| 一区二区在线播放视频| 成人国产一区二区三区| 亚洲一级片在线观看| 欧美特黄录像播放| 亚洲精品成人片在线播放| 男女性潮高清免费网站| 免费观看性欧美大片无片| 精品国产自在钱自|