Nucor 2011 Annual Report Download - page 14

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13
REINFORCING PRODUCTS Harris Steel fabricates, installs, and
distributes rebar for highways, bridges and other infrastructure, as well as
commercial and multi-tenant residential construction markets.
OPERATIONS
Acquired in March 2007, Harris Steel operates as a subsidiary of Nucor, fabricating, installing and distributing rebar in the United
States and Canada. Harris Steel has provided a significant growth platform for Nucor in the rebar fabrication business. Since the
acquisition of Harris, Nucor’s total rebar fabrication capacity has more than doubled to nearly 1,700,000 tons. Harris Steel continued
to expand their strategically located facilities further in 2011 by opening new rebar fabrication facilities in Birmingham, Alabama, and
San Antonio, Texas. Harris Steel obtains much of its steel requirements from the Nucor bar mills.
In 2011, fabricated rebar sales were 1,074,000 tons, an increase of 9% over 981,000 tons in 2010.
MARKETS AND MARKETING
Reinforcing products are essential to concrete construction. They supply tensile strength, as well as additional compressive strength,
and protect the concrete from cracking. Harris Steel bids on and executes a wide variety of construction work primarily classified as
infrastructure, including highways, bridges, reservoirs, utilities, hospitals, schools, airports and stadiums. Harris Steel is also active in
commercial office building and multi-tenant residential (high-rise) construction. In many markets, Harris Steel sells reinforcing products
on an installed basis; i.e., Harris Steel fabricates the reinforcing products for a specific application and performs installation. Harris Steel
operates over 70 fabrication facilities across the United States and Canada, with each facility serving a local market.
STEEL MESH, GRATING AND FASTENERS Nucor manufactures wire
products, grating and industrial fasteners.
STEEL MESH
Nucor produces mesh at Nucor Steel Connecticut, Inc., Nucor Wire Products of Pennsylvania Inc., and Nucor Wire Products Utah, Inc. Nucor
also produces mesh in Canada at the Harris Steel operations of Laurel and Laurel-LEC. The combined annual production capacity of the steel
mesh facilities is approximately 248,000 tons.
GRATING
Fisher & Ludlow, an operation of Harris Steel, fabricates steel and aluminum bar grating, safety grating and expanded metal products at facilities
located in North America. Fisher & Ludlow serves the new construction and maintenance-related markets with annual production capacity of
approximately 103,000 tons.
FASTENERS
Nucor Fastener’s bolt-making facility in Indiana produces carbon and alloy steel hex head cap screws, hex bolts, structural bolts, nuts
and washers, finished hex nuts and custom-engineered fasteners. Nucor fasteners are used in a broad range of markets, including
demanding automotive, machine tool, farm implement, construction and military applications. Annual capacity is more than 75,000
tons. Nucor Fastener obtains much of its steel from the Nucor bar mills.