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Hot Off the Press
Nucor, Mitsui Combine to Form
New Investment-Minded Company
Tuesday, April 20, 2010
NuMit LLC is the name of a newly created company owned 50-50 by Nucor Corp. and Mitsui & Co. (U.S.A.), Inc. NuMit expects to invest in various steel-related activities around the world. Investment one: taking on the assets of Steel Technologies LLC, which operates 23 North American sheet-processing facilities. Steel Technologies will assume implementation responsibilities for a new Greenfield flat-rolled processing center to be built in Monterrey, Mexico, a project previously announced by Nucor to include pickling, slitting and cut-to-length capabilities.
Steel Shipments Decline in February
Monday, April 19, 2010
The American Iron and Steel Institute reported late last week its February 2010 shipping statistics, revealing a 4.1 percent decrease in net tons shipped compared to January 2010. However, February shipments (6.3 million net tons) were up 46.1 percent over year-earlier levels. More at
www.steel.org.
Trumpf Names Wisconsin Rep
Monday, April 19, 2010
Hegman Machine Tool Inc., Maple Grove, MN, is the new exclusive representative for Trumpf products in Wisconsin. The company also covers Nebraska, Western Iowa, Minnesota, the Dakotas and Western Wisconsin for Trumpf, a manufacturer of fabricating equipment including laser-cutting machines, press brakes and punch presses;
www.us.trumpf.com. Hegman is online at
www.hegmanmachine.com.
