5/16/2011 7:59:00 PM
HEADLINES
NUCOR CORP.
Nucor reported cold finished steel sales, including results from Nucor Fastener, grew 21% to 134,000 tons in the first quarter of 2011.
In 2010 cold finished steel sales rose 40% to 462,000 tons. Fastener segment results during the fourth quarter included a 28% gain in sales to 111,000 tons.
Nucor Fastener filed antidumping and countervailing petitions with the U.S. Commerce Department in September 2009. The petitions allege average dumping margins of 145% for Chinese imports, and 74% for imports from Taiwan.
The U.S. Court of International Trade dismissed Nucor Fastener’s antidumping claim, upholding the Department of Commerce’s refusal to initiate consideration of currency undervaluation as a subsidy.
Nucor Fastener still has another appeal pending. The company appealed the International Trade Commission’s unanimous decision that the domestic fastener industry had not been injured by alleged dumping.
Capacity at Nucor’s highly automated fastener facility is more than 75,000 tons. Nucor entered the fastener business in 1986 when it opened its $25 million plant in St. Joe, IN.
Corporate Office: 2100 Rexford Rd., Charlotte, NC 28211. Tel: 704 366-7000 Web: nucor.com
CEO: Daniel Dimicco
Key fastener executives: Mike Parrish, executive vice president, bar products; Tom Miller, general manager of fastener division; Jim Witucki, national sales manager
Employees: 20,500
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