Nucor 2015 Annual Report Download - page 15

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13
STEEL JOINT VENTURES Nucor owns 50% interests in both a
North American sheet steel processing joint venture and an Italian
steel mill joint venture.
SHEET STEEL PROCESSING JOINT VENTURE
Nucor owns a 50% economic and voting interest in NuMit LLC, a company that owns 100% of the equity interest in Steel
Technologies LLC, an operator of 25 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. During 2014, Steel Technologies acquired Stripco,
a steel processor with operations in Mishawaka, Indiana. In recent years, Steel Technologies has also made investments to
construct 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
simultaneously allowing Steel Technologies the ability to independently manage its supply needs.
ITALIAN 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, including the capability to produce higher-value semi-finished SBQ products.
The joint venture operates two beam rolling mills with 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 fourth quarter of 2015,
Nucor recorded an other-than-temporary impairment charge on the Duferdofin Nucor investment of $153.0 million.
0906 0807
year
4,500
9,000
13,500
18,000
22,500
thousands of tons
STEEL PRODUCTION
10 11 12 1413 15 year
4,500
9,000
13,500
18,000
22,500
thousands of tons
10 11 12 1413 1506 0807 09
STEEL SHIPMENTS TO OUTSIDE CUSTOMERS
TOTAL STEEL SHIPMENTS