Nucor Moves Forward on Beams Venture
Nucor has also signed a Memorandum of Understanding with Sidenor SA to purchase a 34% share of a new joint venture the companies are to form for the production and distribution of long steel products and plate in the Balkans, Turkey, Cyprus and North Africa. Sidenor operates steel plants in Thessaloniki and Almyros in Greece. The company has additional steelmaking, rolling and reinforcing mesh operations in Bulgaria and the former Yugoslavian Republic of Macedonia. The largest steel producer in Greece, Sidenor’s total steel production was nearly 2 million tons in 2007.