Inform
| |
2 Pages

Nucor completes purchase of Gallatin Steel from Gerdau and ArcelorMittal


Nucor completes purchase of Gallatin Steel from Gerdau and ArcelorMittal

Report summary

On October 9th, 2014, Gerdau Ameristeel and ArcelorMittal finalized the sale of their jointly owned Gallatin steel plant in Ghent, KY to Nucor for a reported US$770 million. We believe the deal to be a bargain, as Wood Mackenzie's base case valuation for Gallatin is considerably higher at US$1.2 billion. At the deal consideration, the transaction implies a long-term benchmark US HRC price (on a real 2014 basis) of US$564/tonne, or 10% below current levels.

What's included?

This report includes 1 file(s)

  • Nucor completes purchase of Gallatin Steel from Gerdau and ArcelorMittal PDF - 965.18 KB 2 Pages, 0 Tables, 2 Figures

Description

This Steel Inform report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...