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Home Steel News Nucor closes purchase of Connecticut Steel assets
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Nucor closes purchase of Connecticut Steel assets

3 May 2006 17:37 reported by Ann Wang

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Nucor Steel Connecticut has closed the purchase of Connecticut Steel Corporation assets. The Nucor subsidiary has purchases a substantial amount of Connecticut Steel’s assets for a cash price of around US$43 million. Connecticut Steel has a production capacity of about 300, 000 tons of wire rod and rebar as well as about 85, 000 tons of wire mesh fabrication and structural mesh fabrication annually. According to Nucor Executive vice president said that the new acquisition will help them to expand their product offering. (May 2)

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