Inform
Nucor completes purchase of Gallatin Steel from Gerdau and ArcelorMittal
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Montreal East copper refinery
A detailed analysis of the Montreal East copper refinery.
$2,250
Asset Report
Mary River iron ore mine
Operating at Mary River requires overcoming challenges such as sub-zero temperatures for most of the year and just 3 months of open water.
$2,250
Asset Report
Cleveland steel plant
Cleveland is a mill acquired by Cleveland-Cliffs that had its output negatively impacted in 2020 following the coronavirus crisis.
$2,250
