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Nucor to acquire Independence Tube

Nucor Corp., a provider of plate, bar, and structural steels in Charlotte, N.C., has agreed to acquire Independence Tube Corp. (ITC), an independent manufacturer of hollow structural section (HSS) steel tubing.

HSS is used in a variety of structural and mechanical applications, including nonresidential construction, infrastructure, and agricultural and construction equipment end-use markets.

ITC operates four facilities in Illinois and Alabama that annually produce roughly 600,000 tons and employ approximately 335 people.