Nucor creates new executive position

February 28, 2005

Nucor Corp. has announced that Joseph A. Rutkowski 's responsibilities have changed from executive vice president of business development North America to executive vice president of business development international and North America. Rutkowski no longer oversees operations for the company's two plate mills or the structural mill joint venture, Nucor-Yamato Steel Co. Executive Vice President John J. Ferriola now is responsible for these divisions.

In his new position, Rutkowski is responsible for establishing at least one overseas joint venture partner in 2005 to utilize the Castrip® technology. The International Business Development team also is responsible for the company's internationally based raw materials strategy. Nucor currently has three international raw materials ventures: HIsmelt, a joint venture with The Rio Tinto Group, Mitsubishi Corp. and Shougang Corp. to construct a pig iron plant in Western Australia; Ferro Gusa Carajas SA, a joint venture with Companhia Vale do Rio Doce to construct and operate an environmentally responsible pig iron project in northern Brazil; and Nu-Iron Unlimited, a direct reduced iron plant that is being relocated to Trinidad.

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