Nucor to build $350M rebar micro mill in North Carolina

  • Nucor (NYSE:NUE) unveiled plans Thursday to build a new rebar micro mill in North Carolina, which will have an annual capacity of 430K tons and is expected to cost $350M.
  • Nucor already has micro mills in Missouri and Florida that produce rebar, which is used primarily in concrete reinforcement for the construction of roads, buildings, bridges and other structures.
  • " Nucor Steel Lexington will produce steel with nearly 100percent; recycled content, which means our new, modern infrastructure will be made with the most sustainable steel available anywhere in the world," President and CEO Leon Topalian said.
  • Construction is expected to take two years, pending permit and regulatory approvals.
  • Just recently, Nucor agreed to buy steel racking manufacturer Elite Storage Solutions in a $75M deal.

    Tomorrow Nucor will publish its past quarters results. Over the current book year the total revenue from the company in Charlotte will be 42.74 billion USD (consensus estimates). The expected revenue would be the highest in her history. This is quite more than 2021's revenue of 36.48 billion USD.

    Historical revenues and results Nucor plus estimates 2022


    The analysts expect for 2022 a net profit of 7.29 billion USD. According to most of the analysts the company will have a profit per share for this book year of 25.63 USD. Based on this the price/earnings-ratio is 6.03.

    For this year most of the analysts expect a dividend of 2.01 USD per share. Nucor 's dividend yield thus equals 1.3 percent. The average dividend yield of the industrial companies is a relatively high 1.65 percent.

    Nucor 's market capitalization is based on the number of outstanding shares around 46.71 billion USD. 69

    On Wednesday, the stock closed at 154.53 USD.

    Historical stock prices Nucor

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