Nucor acquires Marion Steel

Nucor Corp. has announced that its wholly owned subsidiary, Nucor Steel Marion Inc., has completed the purchase of substantially all of the assets of Marion Steel Co. ("Marion") for a cash purchase price of approximately $110.0 million, subject to post closing adjustments.

Located in Marion, Ohio, the bar products mill has an annual capacity of approximately 400,000 tons. Its principal products are angles, flats, rebar, rounds, and signposts.