07
Jun
19:41
Nucor acquires 2 utility structure producers
Nucor has entered an agreement to acquire Summit Utility Structures LLC and Sovereign Steel Manufacturing LLC to form a new business unit called Nucor Towers & Structures, Kallanish reports.
Summit Utility Structures and Sovereign Steel Manufacturing produce metal poles and steel structures for highway signage and infrastructure. The new entity is meant to establish a North American service presence to serve the transportation, telecommunication, and utility …
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Very good overview of the weekly steel market.
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