Nucor 2013 Annual Report Download - page 14

Download and view the complete annual report

Please find page 14 of the 2013 Nucor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

13
year
4,200
8,400
12,600
16,800
21,000
thousands of tons
09 10 11 1312
04 05 0706 08
STEEL SHIPMENTS TO OUTSIDE CUSTOMERS
TOTAL STEEL SHIPMENTS
0805 0706
year
4,500
9,000
13,500
18,000
22,500
thousands of tons
STEEL PRODUCTION
09 10 11 13
12
04
STEEL JOINT VENTURES Nucor owns 50% interests in both a North
American sheet steel joint venture and an international steel mill joint venture.
SHEET STEEL PROCESSING JOINT VENTURE
In March 2010, Nucor entered into an agreement with Mitsui & Co. (U.S.A.) to form a newly created company, NuMit LLC. In April
2010, Nucor acquired a 50% economic and voting interest in NuMit LLC for approximately $221.3 million. NuMit LLC owns 100%
of the equity interest in Steel Technologies LLC, an operator of 24 strategically located sheet processing facilities in the United States,
Canada and Mexico. Steel Technologies transforms flat-rolled steel into products that meet the exact specifications for customers
in a wide range of industries, including the automotive, agricultural and consumer goods markets. Steel Technologies’ most recent
investments include new facilities in Mexico that will service growing industrial manufacturing markets. Steel Technologies operates
as an independent business, allowing Nucor to continue its long-standing relationships with other sheet processing companies while
at the same time allowing Steel Technologies the ability to independently manage its supply needs.
INTERNATIONAL STEEL MILL JOINT VENTURE
Nucor owns 50% of the stock of Duferdofin Nucor S.r.l., which operates a melt shop and bloom/billet caster in Brescia, Italy with
an annual capacity of 1,000,000 metric tons. The joint venture operates two beam rolling mills having a combined capacity of
approximately 1,000,000 metric tons, a 450,000 metric ton bar mill and a trackshoes and cutting edges mill with a 55,000 metric
ton capacity. During the second quarter of 2012, Nucor recorded an impairment charge on the Duferdofin Nucor investment of
$30.0 million.