Kinder Morgan Inc. (KMI) announced Wednesday morning that it had signed a 10-year agreement valued at $900 million with steelmaker Nucor Corp. to provide handling, processing, warehousing and marine services for five Nucor facilities.
The five Nucor plants produce approximately 13.4 million tons of steel products annually, and Kinder Morgan’s terminals division plans to handle about 14.8 million tons a year of scrap steel, direct-reduced iron, pig iron and other feedstocks.