Nucor announces joint venture with Ambassador Steel

January 12, 2005

Nucor Corp. has announced that it has entered into an agreement with Ambassador Steel Corp. to form Nufab Rebar LLC, a rebar fabrication joint venture that will grow through both greenfield projects and the acquisition of existing assets.

Nucor, the largest producer of rebar in the U.S., has operating facilities in 14 states. Ambassador Steel Corp. is the largest independent rebar fabricator in the U.S., with fabricating facilities in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.

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