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MarketScreener Homepage  >  Equities  >  Nyse  >  Nucor    NUE

NUCOR

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Nucor : Danieli - COMPLETE PLATE MILL AND MELTSHOP FOR THE NEW 1.2 MILLION SHTPY NUCOR STEEL BRANDENBURG COMPLEX

11/09/2020 | 09:50am EST

On October 23, a ground-breaking ceremony took place at the Nucor Steel Brandenburg site in Kentucky, along the Ohio River, a strategic plant location to serve US customers.

According to Nucor officials, 'The state-of-the-art Plate Mill Complex, with its overall value of 1.7 billion USD, is the largest single investment in Nucor's history. The project is proceeding at full speed'.

As technology supplier for the plate/Steckel mill and meltshop, Danieli will start dispatching the technological equipment by end of November. The first shipment will consist of the large-size tilting platform and lower shells -in a single-piece- of the electric arc furnace (out of gauge parts) produced at the specialized Danieli Thailand workshop.

The Nucor Steel Brandenburg meltshop consists of full-platform design EAF with an EBT tapping system, equipped with all modern mechatronic devices to improve the performance and the safety, such as Q-Melt and Zero Man Turn Around.

Secondary metallurgy equipment includes a twin-station LMF and a twin-station VTD equipped with mechanical pumps. Both units will feature the latest automation and process models to ensure precise chemistry and temperature control, whilst minimizing transformation costs.

The plate/Steckel mill will consist of two stands: a roughing mill and a finishing/Steckel mill, also able to roll plates starting from 36' ingots. The complete design of the mill will allow the production of thermo-mechanical rolled plates and API grades, as well as high hardness wear-resistant plates up to a final plate width of 165.4' and coils up to a rolled width of 125'. Subsequent to the plate/Steckel mill, an EVO 5 hot leveler designed for two different types of cassettes, and a plate finishing and shearing line for the handling and cutting of 250-ft mother plates, will be installed.

Final products will be plates and heavy plates in a thickness range of 3/16' up to 14' and coils from 3/16' up to 1.25'. When operational, the new plate mill will be capable of producing 97% of plate products demanded in the US market. The first plate is expected to be rolled in 2022.

Recently, Nucor awarded Danieli the additional orders to supply heavy-duty technological cranes, four for the meltshop and more for the plate mill, as well as the raw material handling for the same complex.

Contact:

Tel: +39 0432 195 7986

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 20 225 M - -
Net income 2020 686 M - -
Net Debt 2020 2 353 M - -
P/E ratio 2020 22,1x
Yield 2020 2,90%
Capitalization 16 748 M 16 748 M -
EV / Sales 2020 0,94x
EV / Sales 2021 0,88x
Nbr of Employees 26 800
Free-Float 78,8%
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Technical analysis trends NUCOR
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 11
Average target price 53,89 $
Last Close Price 55,47 $
Spread / Highest target 15,4%
Spread / Average Target -2,85%
Spread / Lowest Target -18,9%
EPS Revisions
Managers and Directors
NameTitle
Leon J. Topalian President, Chief Executive Officer & Director
John H. Walker Non-Executive Chairman
David A. Sumoski Chief Operating Officer
James D. Frias Chief Financial Officer, Treasurer & Executive VP
Christopher J. Kearney Independent Director
Sector and Competitors
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COMPANHIA SIDERÚRGICA NACIONAL S.A.7.88%9 034