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Nucor Looks to Steel Market Growth in 2021 After Fourth-Quarter Rebound

Nucor Looks to Steel Market Growth in 2021 After Fourth-Quarter Rebound

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 633 Words
Attachment: Nucor1Q21

SUGAR LAND--January 29, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Following a rough year for the steel market, Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) is expecting sunnier horizons in 2021. The company projects its sheet, plate, bar and structural mills will see substantially higher profits as commodity prices improve over the coming year, along with improvement in steel-consuming sectors such as nonresidential construction, automotive production and heavy-equipment manufacturing. Industrial Info is tracking more than $3.7 billion in projects from Nucor, nearly 90% of which is attributed to grassroot or plant expansion projects.

Within this article: Details on some of Nucor's highest-valued projects, including a new steel mill and a major expansion, both in Kentucky, and major additions in Alabama and Arkansas.

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