Nucor Plans to Install a Plate Heat Treating Facility at Its North Carolina Plate...

Nucor Plans to Install a Plate Heat Treating Facility at Its North Carolina
Plate Mill

CHARLOTTE, N.C., July 31 /PRNewswire-FirstCall/ -- Nucor Corporation
(NYSE: NUE) announced today that it plans to install a plate heat treating
facility at its plate mill in Hertford County, North Carolina. The heat treat
line will have an estimated annual capacity of 120,000 tons and will have the
ability to produce heat treated plate from 3/16" through 2" thick. Total cost
of the project is expected to be approximately $110 million.
Heat treated plate is used in applications where higher strength, abrasion
resistance and toughness are required. "The addition of the heat treat
facility at Nucor Steel -- Hertford County is an important first step in
enabling the Nucor plate group to expand its value-added product mix," said
Dan DiMicco, Nucor's Chairman, CEO and President. "The addition of this
facility supports our objective of providing a full range of plate products to
our customers." Installation of the heat treat facility will begin after
satisfactory resolution of regulatory approvals and finalization of equipment
and other contracts.
Nucor's plate mill in Hertford County, North Carolina, started operations
in 2000 and has an annual capacity of approximately 1.6 million tons.
Combined with Nucor's plate mill located in Tuscaloosa, Alabama, Nucor's
current annual plate production capacity is approximately 2.8 million tons.
Headquartered in Charlotte, North Carolina, Nucor makes more steel in
America than any other company. Nucor and affiliates are manufacturers of
steel products, with operating facilities primarily in the U.S. and Canada.
Products produced include: carbon and alloy steel -- in bars, beams, sheet and
plate; steel joists and joist girders; steel deck; fabricated concrete
reinforcing steel; cold finished steel; steel fasteners; metal building
systems; light gauge steel framing; steel grating and expanded metal; and wire
and wire mesh. Nucor, through The David J. Joseph Company, one of the leading
scrap companies in the U.S., also brokers ferrous and nonferrous metals, pig
iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and nonferrous
scrap. Nucor is North America's largest recycler.
Certain statements contained in this news release are "forward-looking
statements" that involve risks and uncertainties. Factors that might cause
the Company's actual results to differ materially from those anticipated in
forward-looking are outlined in Nucor's regulatory filings with the Securities
and Exchange Commission, including those in Nucor's December 31, 2007 Annual
Report on Form 10-K. The forward-looking statements contained in this news
release speak only as of this date, and Nucor does not assume any obligation
to update them.
SOURCE Nucor Corporation

Nucor Executive Offices, +1-704-366-7000, or fax, +1-704-362-4208