Senate Appropriations Committee to hold a hearing The Subcommittee on the Department of Homeland Security holds a hearing entitled, "Strengthening Trade Enforcement to Protect American Enterprise and Grow American Jobs" with General Manager of Nucor Corporation, Rick Blume, on July 16 at 2:30 pm. Webcast Link
Nucor sees Gallatin Steel acquisition immediately accretive to cash flow Nucor announced that it has closed on its purchase of all the equity of Gallatin Steel Company for approximately $770M. Adjusting for the net present value of the anticipated tax benefits, the realized effective purchase price for Nucor is approximately $630M. The purchase is expected to be immediately accretive to cash flow and accretive to earnings after working through purchase accounting-valued finished goods inventories.