Nucor Boosts Growth Capex to $2 Billion in 2020 as Steel Market Conditions Improve

SUGAR LAND--January 29, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) will boost its growth capital expenditures for this year to $2 billion to fund key steel mill projects, executives with the steel producer said Tuesday. Market conditions are showing signs of improvement as the customer destocking that caused steel prices to plummet last year appears to be at an end, and order backlogs are growing, they said. Industrial Info is tracking nearly $4.5 billion worth of Nucor projects.

Within this article: Update on multiple Nucor projects.